We recently published 10 Latest Stocks on Jim Cramer’s Radar. McDonald’s Corporation is one of the stocks Jim Cramer recently discussed.
McDonald’s Corporation’s shares have gained 7.9% year-to-date as they have benefited from a bullish run that kicked off in late June. The shares have benefited as the firm caters to budget-conscious eaters, which enabled it to reverse a US sales slump that had weighed on the stock earlier this year. McDonald’s Corporation’s second-quarter earnings report saw the firm post $6.84 billion in revenue and $3.19 in earnings per share, both of which beat analyst estimates. Cramer discussed how value is helping McDonald’s Corporation:
“When you complain to them, like I complained to them for the seven dollar and fifty cent egg McMuffin, you know what they came back and said? You’re right! It’s too expensive. We’ve got to lower the price. They are, I happen to think that Chris is terrific, and one of the things that Chris is responsive, he recognized that they raised the price too much, that’s what Costco did. The companies that are not conscious of it, or seem to be able to escape think that they’re okay.
“people liked, they really want. . .anybody who offer good value, I think McDonald’s is offering good value.”
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This article is originally published at Insider Monkey.
