McDonald's: Betting On The Fastest Expansion Phase In The Company's History

M. Suhail  Thesis Introduction Over the past few months, I have gradually warmed up to the idea that McDonald's stock (NYSE:MCD) deserves a "Buy" rating. Compared to my previously held "Equal-weight" thesis, which has been published in February 2023, there were two major variables that prompted my rating reassessment: Firstly, I acknowledge that rates are slowly falling, with markets pricing about 150 basis points worth of rate cuts through 2024. If the consensus trading projection is correct, than the  ...