Why McDonald's Stock Should Continue to Post New Highs
Everybody's gotta eat, right? As the world's largest fast-food chain, McDonald's (NYSE: MCD) is a global food service powerhouse with over 40,000 locations across 100 countries. Here's why I'm bullish on this consumer discretionary stock today.
McDonald's enjoys a loyal worldwide following that has contributed greatly to its long-term success. And the consistency under those golden arches has kept customers returning time and again.
Talking about the first-quarter results released last month, CEO Chris Kempczinski said, "What's notable about this earnings call is McDonald's consistency -- consistency in the strength of our numbers, consistency in the powerful drivers of our business, and consistency in the excitement that exists across the system about the opportunities that lie in front of us."
Source Fool.com
