With the 50th anniversary of the US landing on the moon, all kinds of remembrances of that momentous day in 1969 have flooded the media. Here’s one of the more unique lookbacks: Craig Johnson, Chief Market Technician at Piper Jaffray noted this week that had you purchased shares of McDonalds, Lowe’s, Altria, Hasbro and Disney on the day that Neil Armstrong declared, “That’s one small step for man, one giant leap for mankind” you would have made a truly “out of this world” return! Since July 1969, McDonalds has skyrocketed 82,000%, Lowe’s 70,000%, Altria 49,000%, Hasbro 43,000%, and Disney 40,000%.
Out of this World return
| July 23, 2019