McDonald's: Shares Have Likely Bottomed

ermingut McDonald's Corporation (NYSE:MCD) share were up about 1% in pre-market trading, after the company reported results for the June quarter. Interestingly, the positive price action was building on the backdrop of a miss on both sales and earnings. This suggests that peak pessimism has likely been priced in ahead of earnings, and long-term focused investors are now looking to buy the dip in one of the world's most valuable brands. Personally, I also think that MCD shares have bottomed out, and I am ...