U.S. stocks are set to close the first half of the year in the green despite turmoil from the Iran war and the resultant rise in gas prices, intermittent fears of an artificial intelligence (AI) bubble, trade tensions, and noise over China’s slowdown. However, the tide hasn’t lifted all boats.
McDonald’s (MCD) is down more than 11% so far this year. MCD stock is trading near its 52-week low and also down 7% over the last three years, underperforming its average S&P 500 Index ($SPX) peer by a wide margin during the period. Back in May, I noted that MCD stock did not look like a buy yet despite the crash. With shares coming off those levels, let’s take a look at whether McDonald's stock is in the buy zone now.
