Dow Stock #9 –
McDonald’s (MCD) was a favorite of mine during the recession, as a weak dollar boosted overseas revenue and value-conscious consumers flocked to the Golden Arches. But low-priced fare can only take you so far, and competitiors have started to erode MCD’s hold on cheap eats.
What’s more, the company’s successful McCafe offerings took cash away from Starbucks in early 2009—but now cheaper at-home alternatives to brewing coffee are cutting into McDonald’s java sales. That’s bad news for MCD, and I rate this stock a sell.See Louis Navellier’s FREE Portfolio Grader stock
report on McDonald’s.