Jim Cramer on Arcos Dorados: “You just own McDonald’s”

Arcos Dorados Holdings Inc. (NYSE:ARCO) is one of the stocks Jim Cramer spoke about recently. During the lightning round, a caller asked if the stock is a buy, and Cramer replied:

“No, no, I mean you just own McDonald’s. That’s my key, that’s my, I happen to like McDonald’s by the way, the stock and the burger.”

Ken Wolter / Shutterstock.com

Arcos Dorados Holdings Inc. (NYSE:ARCO) is the exclusive franchisee of McDonald’s restaurants across 20 Latin American and Caribbean countries and territories. Over the last 12 months, the company’s stock has been down around 17% while MCD stock has been up more than 2% over the same period.

While we acknowledge the risk and potential of ARCO 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 ARCO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.