MCD - McDonald's Dips: Earnings May Present A Golden Opportunity

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....

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