Jim Cramer Believes Mcdonald’s Quarter Miss Is Not Going to Happen Again

McDonald’s Corporation (NYSE:MCD) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer mentioned the company during the episode and said:

Got two fast food companies that are down on their luck that we all know, McDonald’s and Yum! Brands. The former missed the quarter, something that’s very rare. I don’t think that’s going to happen again.

Photo by jason briscoe on Unsplash

McDonald’s Corporation (NYSE:MCD) operates and franchises restaurants that provide burgers, chicken sandwiches, fries, beverages, and desserts. During the May 11 episode, a caller asked if the stock is a buy, sell, or hold, and Cramer responded:

Okay, McDonald’s is very tough because it’s breaking down here. It sells at 21 times earnings. The quarter was just okay, 2.7% yield. I want to buy this on a yield basis. If it gets to 3%, I do want to buy it, but remember, we just had QSR on, Burger King, and Burger King’s winning now. QSR I think is the better, whoa, the better company than McDonald’s, Pat Doyle, executive chair.

While we acknowledge the risk and potential of MCD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MCD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1