With most of the attention centered on the top-heavy XLY in AMZN and TSLA, others sometimes miss the spotlight. The third-largest holding in the ETF in MCD is worthy of some. It is a pillar of strength within the beaten-up casual diner group and trades just 10% off its most recent 52-week highs. Over the last one-year period it is higher by 4% and sports a dividend yield of 2.3%. Compare that with peer CMG, that MCD spun off, which is 36% off its peak made last September. Many in the restaurant arena have been decimated, and surely the culprit is inflation. And perhaps their performance is saying that it may not be “transitory.” Stocks like SHAK WING and EAT are at least 60% off their 52-week highs. MCD should be watched for an entry above 250, and keep an eye on some other former best-in-breed names that should be added to a watch list including DPZ. A move above the very round 400 number could see a quick 10% pop into its 200 day SMA.