Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, January 27, 2023

Article Excerpt

MCDONALD’S CORP., $272.46, New York symbol MCD, is your #1 Conservative Buy for 2023. 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. In 2022, the company continued to prosper despite several challenges, including the sale of its outlets in Russia in response to the invasion of Ukraine and COVID-19 lockdowns in China (which have since eased). In fact, the stock has gained roughly 9% since we named it our #1 Conservative Buy for 2022 compared to the 7% drop for the S&P 500 Index. We feel McDonald’s is in a strong position to go even higher in 2023. That’s largely due to its new “Accelerating the Arches 2.0” strategy. The new plan enhances its previous focus on what it calls the 3D’s: Digital, which  involves expanding its online ordering systems; Delivery, which focuses on expanding the home delivery that became…