McDonald’s Earnings Could Cement Its Defensive Appeal

It’s worth noting that in a week when many stocks are getting slaughtered, shares of McDonald’s Corp. (NYSE: MCD) are up 2.7% in the five trading sessions ending Feb. 5. That has MCD stock near a 52-week high. It’s a confirmation of two things:

1. The rotation out of technology stocks continues.
2. This is a flight to quality, as well as safety.