DNUT - McDonald's: Fantastic Dip-Buying Opportunity Has Returned (Upgrade)
2024-04-16 11:01:21 ET
Summary
- McDonald's investors experienced a roller coaster ride over the last six months.
- The Middle East conflict and the decline in comparable sales have impacted McDonald's International Developmental Licensees segment.
- MCD has faced significant downside volatility recently as the market grapples with the impact.
- The recent minimum wage increases have compounded the challenges for McDonald's.
- However, MCD doesn't seem to be overvalued like before, presenting another excellent buy-the-dip opportunity.
McDonald's Corporation ( MCD ) investors have experienced optimism and pessimism in the span of six months. I urged MCD investors to consider ignoring the doom and gloom in the market in October 2023 with a bullish MCD call , as MCD was attractively valued. That call panned out, as buyers returned aggressively, resoundingly helping MCD to bottom out. However, I assessed its previous surge reached euphoric levels, as I highlighted MCD FOMO in a January 2024 update, sounding a note of caution and downgrading MCD to a Hold. MCD topped out at the $300 level in late January, as it met stiff resistance at the same level it failed to break through in early 2023....
McDonald's: Fantastic Dip-Buying Opportunity Has Returned (Upgrade)