MCD - 1 Magnificent Dow Giant to Buy and Hold
2023-11-17 06:22:00 ET
Patient investors are always hunting for deals on high-performing stocks. These discounts usually occur when Wall Street is focused on a business' short-term challenges to the exclusion of its much brighter long-term outlook.
You might recognize that value-seeking approach as the basis for the Dogs of the Dow investment strategy that concentrates on underperforming dividend stocks in the Dow Jones Industrial Average . The 1% uptick that investors have seen with McDonald's (NYSE: MCD) stock this year hasn't pushed McDonald's dividend high enough to make it one of these "dogs." But those returns do put the stock below the Dow's gains through mid-November.
This discount is one of several good reasons to consider buying McDonald's stock now with an eye toward holding it for many years to come.
For further details see:
1 Magnificent Dow Giant to Buy and Hold