MCD - Is It Too Late to Buy McDonald's Stock Now?
2024-04-28 03:15:00 ET
Since going public in the 1960s, McDonald's (NYSE: MCD) has likely minted more than a few millionaires, given its sensational stock returns. The company has opened tens of thousands of restaurant locations worldwide since going public. And it outsourced much of its restaurant operations to third-party franchisees, boosting corporate margins.
But is it too late to buy McDonald's stock in 2024? Well, that depends on what you're looking for. Here's what investors can expect and shouldn't expect from a McDonald's investment right now.
Allow me to lay the theoretical foundation for what to expect: Stocks go up when there's high investor demand. Over the short term, demand can be driven by the news or other unpredictable factors. But over the long term, demand is driven by a company's earnings, which is more predictable.
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Is It Too Late to Buy McDonald's Stock Now?