McDonald’s Stock Falls Through 1-Year Lows – Are Sales Slowdown Fears Overdone?
McDonald’s Corp. (MCD) reported +3.8% higher Q1 comparable store sales on May 7, including +3.9% higher U.S. comp sales. However, the market is obsessed with the CEO’s comments on how higher gas prices affect lower-income families, as an AP report commented. Nevertheless, fears seem overdone with MCD stock below its prior 1-year low point (i.e.,…
