{"id":24370,"date":"2023-10-04T18:12:09","date_gmt":"2023-10-04T18:12:09","guid":{"rendered":"https:\/\/microloannexus.com\/news\/these-stocks-are-close-to-forming-the-dreaded-death-cross-including-mcdonalds-and-wells-fargo\/"},"modified":"2023-10-04T18:12:10","modified_gmt":"2023-10-04T18:12:10","slug":"these-stocks-are-close-to-forming-the-dreaded-death-cross-including-mcdonalds-and-wells-fargo","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=24370","title":{"rendered":"These stocks are close to forming the dreaded &#8216;death cross&#8217; \u2014 including McDonald&#8217;s and Wells Fargo"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock&#8217;s 50-day moving average crosses below its 200-day moving average. It can be viewed as a sign that investors are bearish on a stock or that a stock&#8217;s momentum is weakening and will continue to decline, potentially making it a good time to pick up shares. The death cross is also used as a bear market predictor. CNBC Pro found just under 20 stocks, from financial giants to restaurant operators, that are close to forming a death cross. Take a look at the names below: One of them is McDonald&#8217;s , which has fallen 3% since the start of this year. Analysts surveyed by FactSet are confident in the stock, assigning an average rating of overweight and a price target that implies shares could rally more than 28% from Tuesday&#8217;s close. McDonald&#8217;s announced in late September that it will hike royalty fees for the first time in nearly three decades. Franchise royalty fees for U.S. restaurants will rise from 4% to 5% for operators opening new locations, the company said. Wells Fargo upgraded the fast-food chain earlier last month, saying\u00a0the company is an &#8220;innovation engine firing on all cylinders.&#8221; MGM Resorts , which operates more than a dozen casino hotels in the U.S., has gained about 5% this year, on the other hand. The average analyst has an overweight rating, with a price target that indicates shares could pop more than 61%, according to FactSet. The casino operator last month experienced a cyberattack for a few days that disrupted its domestic properties. The incident represents a material risk to the company, MGM Resorts said, and could also hurt its credit rating, according to major credit rating agency Moody&#8217;s. Deere also made the list. The agricultural equipment maker has plunged 12% this year. Analysts covering the stock have assigned an average overweight rating and $444.26 price target, suggesting roughly 19% upside. Piper Sandler recently said in a note that it views Deere as a potential beneficiary of the next agriculture technology boom, which is getting supercharged by artificial intelligence and automation, farm digitization as well as other technologies. &#8220;DE views an inflection point in [agriculture], and believes advancements in [machine learning], computer vision, and compute can enable its vision to transform precision ag with tech such as self-propelled sprayers, autonomy, and a connected software platform,&#8221; analyst Clarke Jeffries wrote in a late September note. Wells Fargo is also close to forming a death cross and is down 5% so far this year. According to FactSet data, analysts covering the stock have an average overweight rating and $50.18 price target.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/10\/04\/these-stocks-are-close-to-forming-the-dreaded-death-cross.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock&#8217;s 50-day moving average crosses below its 200-day moving average. It can be viewed as a sign that investors are bearish on a stock or that a stock&#8217;s momentum is weakening and<\/p>\n","protected":false},"author":1,"featured_media":24371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-24370","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>These stocks are close to forming the dreaded &#039;death cross&#039; \u2014 including McDonald&#039;s and Wells Fargo | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock&#039;s 50-day moving average\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=24370\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"These stocks are close to forming the dreaded &#039;death cross&#039; \u2014 including McDonald&#039;s and Wells Fargo | Micro Loan Nexus\" \/>\n<meta property=\"og:description\" content=\"A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock&#039;s 50-day moving average\" \/>\n<meta property=\"og:url\" content=\"https:\/\/microloannexus.com\/?p=24370\" \/>\n<meta property=\"og:site_name\" content=\"Micro Loan Nexus\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-04T18:12:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-04T18:12:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/10\/106512380-1588180437226gettyimages-1218581579.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/microloannexus.com\/?p=24370#article\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/?p=24370\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\"},\"headline\":\"These stocks are close to forming the dreaded &#8216;death cross&#8217; \u2014 including McDonald&#8217;s and Wells Fargo\",\"datePublished\":\"2023-10-04T18:12:09+00:00\",\"dateModified\":\"2023-10-04T18:12:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/microloannexus.com\/?p=24370\"},\"wordCount\":467,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/microloannexus.com\/?p=24370#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/microloannexus.com\/?p=24370\",\"url\":\"https:\/\/microloannexus.com\/?p=24370\",\"name\":\"These stocks are close to forming the dreaded 'death cross' \u2014 including McDonald's and Wells Fargo | Micro Loan Nexus\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/#website\"},\"datePublished\":\"2023-10-04T18:12:09+00:00\",\"dateModified\":\"2023-10-04T18:12:10+00:00\",\"description\":\"A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock's 50-day moving average\",\"breadcrumb\":{\"@id\":\"https:\/\/microloannexus.com\/?p=24370#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/microloannexus.com\/?p=24370\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/microloannexus.com\/?p=24370#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/microloannexus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"These stocks are close to forming the dreaded &#8216;death cross&#8217; \u2014 including McDonald&#8217;s and Wells Fargo\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/microloannexus.com\/#website\",\"url\":\"https:\/\/microloannexus.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/microloannexus.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/microloannexus.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/microloannexus.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/microloannexus.com\"],\"url\":\"https:\/\/microloannexus.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"These stocks are close to forming the dreaded 'death cross' \u2014 including McDonald's and Wells Fargo | Micro Loan Nexus","description":"A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock's 50-day moving average","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/microloannexus.com\/?p=24370","og_locale":"en_US","og_type":"article","og_title":"These stocks are close to forming the dreaded 'death cross' \u2014 including McDonald's and Wells Fargo | Micro Loan Nexus","og_description":"A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock's 50-day moving average","og_url":"https:\/\/microloannexus.com\/?p=24370","og_site_name":"Micro Loan Nexus","article_published_time":"2023-10-04T18:12:09+00:00","article_modified_time":"2023-10-04T18:12:10+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/10\/106512380-1588180437226gettyimages-1218581579.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/microloannexus.com\/?p=24370#article","isPartOf":{"@id":"https:\/\/microloannexus.com\/?p=24370"},"author":{"name":"News Room","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a"},"headline":"These stocks are close to forming the dreaded &#8216;death cross&#8217; \u2014 including McDonald&#8217;s and Wells Fargo","datePublished":"2023-10-04T18:12:09+00:00","dateModified":"2023-10-04T18:12:10+00:00","mainEntityOfPage":{"@id":"https:\/\/microloannexus.com\/?p=24370"},"wordCount":467,"commentCount":0,"publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/microloannexus.com\/?p=24370#respond"]}]},{"@type":"WebPage","@id":"https:\/\/microloannexus.com\/?p=24370","url":"https:\/\/microloannexus.com\/?p=24370","name":"These stocks are close to forming the dreaded 'death cross' \u2014 including McDonald's and Wells Fargo | Micro Loan Nexus","isPartOf":{"@id":"https:\/\/microloannexus.com\/#website"},"datePublished":"2023-10-04T18:12:09+00:00","dateModified":"2023-10-04T18:12:10+00:00","description":"A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock's 50-day moving average","breadcrumb":{"@id":"https:\/\/microloannexus.com\/?p=24370#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/microloannexus.com\/?p=24370"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/microloannexus.com\/?p=24370#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/microloannexus.com\/"},{"@type":"ListItem","position":2,"name":"These stocks are close to forming the dreaded &#8216;death cross&#8217; \u2014 including McDonald&#8217;s and Wells Fargo"}]},{"@type":"WebSite","@id":"https:\/\/microloannexus.com\/#website","url":"https:\/\/microloannexus.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/microloannexus.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/microloannexus.com\/#organization","name":"Solutions For Real","url":"https:\/\/microloannexus.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/microloannexus.com"],"url":"https:\/\/microloannexus.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/24370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24370"}],"version-history":[{"count":1,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/24370\/revisions"}],"predecessor-version":[{"id":24372,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/24370\/revisions\/24372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/media\/24371"}],"wp:attachment":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}