Bill Orders More Dominos Stock DPZ

November 28, 2023

Dominos has terrific online presence. And the loyalty program which they rolled out in September, is a new one. We’ve seen an uptick in search results and since the middle of September.

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All right. Trade alert. Bill Baruch said he’s got something new. Here he is. What’s this new stock you’ve added? Domino’s Pizza, ticker symbol, DPZ. This is a great management team. It has terrific online presence. And the loyalty program which they rolled out in September, is a new one. We’ve seen an uptick in search results and since the middle of September.

So I think that’s all really good as this loyalty program continues. I mean, it’s become the quick, efficient, inexpensive way to feed a family of four or more. I really like this, but it’s come down since May really allowing of a bottom in May to before an accumulation period over the last six months or so and a really good chart pattern.

So I think as we see this the stock perk up here and recently I think we could have a low for October 30th and I think 500 bucks would be in the cards here soon. Did you sell anything to to buy this or just this was just added from cash? This was added from cash. But initially, I had sold McDonald’s about two weeks ago, really worried about the weight loss drag and the impact it had on that.

And McDonald’s have rebounded pretty well, but it felt like I needed something exposure to consumer food in the portfolio. My fear for McDonald’s is really they’re targeting working individuals morning and lunch and to expand the revenue growth here. I mean, this is an evening staple in it really. It’s a cheap quick staple. And I don’t think the weight loss drugs would have impacted Domino’s.

And like I said, it sold off well before that and has been bottoming out since May. So I think this is it’s time for the really nice chart pattern. All right. Yeah, It’s getting a nice little move here. Thank you very much. I appreciate you coming on and telling our viewers about this move. We’ll talk to you soon, Bill Baruch.

We’ll come back right after this. With final trades.