The Asian middle class is on the rise and with its prosperity $YUM’s expansion opportunities may rise as well. YUM, comprised of KFC, Pizza Hut, Taco Bell, Long John Silvers (LJS), A&W, Pasta Bravo, Wing Street, and East Dawning now has just under 4,200 restaurants across 850 cities in China alone. The developing middle class of China are discovering the perks of a disposable income and YUM has been there with fork in hand, ready to give them a taste of success. Let’s take a look at how NinjaTrader can help you take a bite.
Today’s NinjaTrader Chart of the day compares the $CBN index along with the $CNY/RMB and YUM. The paralleled trends revealed by analyzing these markets side by side may be useful to traders in the know. Using the Renminbi and the CBN 600 to check China’s economic temperature we can see that China’s prosperity may have some effect on YUM. Our world grows smaller and the Asian middle class grows larger. YUM and other global corporations will likely continue to extend their reach. You can use NinjaTraders quick and easy side by side with fundamentals to navigate the ever expanding international markets.
Get started with NinjaTrader free using Kinetick’s End of Day data to increase your knowledge as YUM expands beyond the Great Wall into Russia and Vietnam. Get to know the NinjaTrader team as you navigate globe with NinjaTrader free support services.