5 Best Counter Cyclical Stocks to Buy Now

3. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 50   

McDonald’s Corporation (NYSE:MCD) operates and franchises McDonald’s restaurants in the United States and internationally. It is one of the elite counter cyclical stocks to invest in. On September 13, McDonald’s revealed that it had reached a 15-year virtual power purchase agreement with EDF Renewables North America, a business electricity and gas contractor, in a bid to address its restaurant electricity carbon footprint. 

On September 27, Citi analyst Jon Tower maintained a Neutral rating on McDonald’s (NYSE:MCD) stock and lowered the price target to $246 from $275, noting that currency and macro challenges in Europe were looming over the forward Q3 estimates of the firm.