Tuesday, January 30, 2018 3:01:56 PM
Shares of McDonald's Corporation (NYSE:MCD) took a beating after reporting solid earnings. The problem? Simply put, this burger and fries fast food player is trading at a P/E (price/earnings) ratio over 30. That is insane. Many high growth tech stocks do not trade at that P/E ratio. The earnings today were solid, but investors are smartly taking profits until the valuation numbers come more in-line to 'normal'. The buy level on the stock chart is $160.00 and could be hit within days.
Gareth Soloway
InTheMoneyStocks
Recent MCD News
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