Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, December 9, 2022

Article Excerpt

MCDONALD’S CORP., $271.92, New York symbol MCD, is your #1 Conservative Buy for 2022. The company is the world’s largest fast-food chain with 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. Franchisees own roughly 95% of those outlets. The stock has held up well despite rising costs for food and labour. It’s up about 1% since the start of 2022 compared to the 17% drop in the S&P 500 Index. That outperformance is partly due to strong demand for its mobile ordering system and customer loyalty plan. In 2021, McDonald’s re-launched its mobile app and loyalty program in the U.S. It now has over 25 million active users, which is just behind Chipotle (30 million users) and Starbucks (28.7 million users). Another factor behind its success is strong demand for drive-thru service. The company is now testing a new takeout-only restaurant format with a lane dedicated to customers who pre-order their…