Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, January 26, 2024

Article Excerpt

MCDONALD’S CORP., $292.30, New York symbol MCD, is your #1 Conservative Buy for 2024. The company is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. This is the third year in a row we’ve picked McDonald’s as your #1 Conservative Buy. In the past two years, the stock has gained about 17% and hit a new all-time high of $302.39 this week. That success is mainly due to its “4D” growth strategy. The plan has four pillars: Digital involves expanding the chain’s online ordering systems and loyalty programs, from the current 150 million members to 250 million by 2027; Delivery focuses on expanding McDonald’s home delivery service; Drive-Thru involves installing more drive-thru lanes at its existing locations; and Development mainly includes expanding the chain to 50,000 restaurants by the end of 2027. The plan will probably lift forecast earnings by 6%, from $11.81 a..