McDonald's On The Brink Of History - Just 1% Away From Soaring To Unprecedented Record Highs
Portfolio Pulse from Zaheer Anwari
McDonald's Corp (NYSE:MCD) is approaching a record high, just 1% away from surpassing its all-time high of $299. The stock has rebounded 19% after a 17% decline in July and has risen 12% in 2023. Over the past decade, MCD has seen a 204% increase. Investors are eyeing the Q4 earnings report due on January 30th, with analysts predicting earnings of $2.56. The stock closed at $294.39 on January 3.
January 04, 2024 | 4:33 pm
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McDonald's is close to reaching a record high, with strong performance in 2023 and significant growth over the last decade. The upcoming Q4 earnings report could be a catalyst for the stock.
The anticipation of the Q4 earnings report and the stock's recent performance suggest a positive outlook, potentially leading to an increase in stock price if the earnings meet or exceed expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100