2024-04-22 09:30:00 ET
Summary
- McDonald's stock is dropping. Many are wondering whether to pull the plug or not.
- Lack of top-line growth and recent challenges have raised concerns about the company's future, creating a mixed outlook.
- As MCD reports Q1 earnings, we should look at the whole picture.
Introduction
With shares dropping from $300 to $260, McDonald's ( MCD ) is once again close to the price range that triggered my last buy rating on the stock.
As the fast-food behemoth's Q1 earnings approach, I have the urgency to go over the company and assess whether this may be a buying opportunity. After all, with the stock market close to its all-time highs, finding good and rewarding investments is becoming harder and harder. As a matter of fact, I have not bought a lot in the past six months, and I have stacked up some cash to take advantage of drops or corrections....
Read the full article on Seeking Alpha
For further details see:
McDonald's Dips: Earnings May Present A Golden Opportunity