Jim Cramer Flags Bullish Turn on McDonald's Stock

McDonald’s Corporation (NYSE:MCD) is one of the stocks Jim Cramer shared his thoughts on. During the episode, Cramer mentioned the stock in light of Goldman Sachs’ recent coverage. He commented:

“Finally, consider McDonald’s. Now, here’s another company that many managers seem to think has lost its way, with the stock going from a… positive performer to a real dog of late. This morning, Goldman Sachs upgraded the stock from Hold to Buy. What caught my eye here? I’ve been waiting for someone who didn’t care for the stock to go positive. In other words, that person’s been right, and that’s what we got when analyst Christine Chow went positive.

Why? Well, for the same reason why you always have to buy the stock of McDonald’s when it goes out of favor. Mickey D’s has, and I quote, ‘the excellent report, the scale, marketing, digital advantage to successfully navigate through this environment.’”

McDonald’s (NYSE:MCD) operates and franchises restaurants under the McDonald’s brand, and provides a variety of food and beverages such as burgers, chicken sandwiches, fries, desserts, coffee, and breakfast items, and additional products through promotions.

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Disclosure: None. This article is originally published at Insider Monkey.