Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 17, 2022

Article Excerpt

MCDONALD’S CORP., $234.11, New York symbol MCD, is your #1 Conservative Buy for 2022. 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. Franchisees own roughly 93% of those outlets. McDoanld’s has agreed to settle a six-year-old tax dispute with the French government, which accused it of diverting fees it receives from franchisees to subsidiaries in other countries. That cut its taxable income in France. The company will now pay fines and back taxes of $1.3 billion. To put that amount in context, it earned $1.71 billion, or $2.28 a share, in the first quarter of 2022. The settlement helps cut McDonald’s risk, and saves it the costs of a lengthy, and uncertain, court trial. McDonald’s is still your #1 Conservative Buy for 2022. McDonald’s recent coverage: June 2022 issue Hotline for May 20, 2022 PFIZER INC., $46.65, New York symbol PFE, is…

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