McDonald's Corporation (NYSE: MCD) might be one of the most reliable blue-chip names on the market, but its shares have had a miserable run of late, with a multi-month sell-off taking the stock back to 2021 levels. For a company long prized for its dependability, that kind of prolonged weakness has understandably left investors wondering whether something is seriously wrong.
The company's latest quarterly results, released Aug. 4, offered a chance to settle that debate. On the surface, they gave the bulls something to hold onto, with earnings coming in ahead of expectations, though revenue fell slightly short. The stock barely budged in response, finishing the session up only marginally.
