Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
We may be in a more challenging stock market, but that doesn't mean that great companies, like McDonald's (MCD) deserve to trade near bear-market territory, Cramer told viewers. Shares of the fast-food giant are off 11% from their January highs and were down 18% earlier this month.
Cramer said the long-term story remains intact at McDonalds. With CEO Steve Easterbrook at the helm, shares have risen 60% and gross margins at the chain have soared from 38.5% in 2015 to 46.5% in 2017. Additionally, the company's share buyback has reduced the share count by a whopping 17%.
So what has investors rattled? Cramer said the CFO's comment this quarter about a possible "choppy" 2018, along with disappointment that the company plans to use its tax breaks to reinvest and not increase the dividend, are to blame.
But those reasons alone are not enough to give up on McDonald's, Cramer concluded. Easterbrook has the franchisees on board with his plan and the chain only gets stronger with every passing quarter. The fears, he said, are overblown.
Over on Real Money, Cramer breaks down, in detail, the business dynamics of Facebook (FB) Amazon (AMZN) , Apple (AAPL) , Netflix (NFLX) , NVIDIA (NVDA) , and Alphabet (GOOGL) . Get more of Cramer's insights with a free trial subscription to Real Money.
Cramer and the AAP team take a close look at the Fed's dot chart that provides clues into its sentiment on future rate hikes. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
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