McDonald’s stock is bouncing from 45-67. Its right in the middle at 58.82 at close yesterday and it looks to open below 57 today.
I would not consider this a buy candidate until it gets to $50 or below and it probably won’t get there for a long time. Dividend yield is 3.4% at current price. The dividend looks good. I see a short term downside an opportunity to buy 1/4 of my portfolio goal for MCD. If you can get it at $50, it would be a good income stock with excellent growth potential. Not sure if we will get any of this stock at $50.
