Jim Cramer Is Watching McDonald's Investor Meeting on Tuesday

TheStreet's Jim Cramer is keeping an eye on McDonald's (MCD) on Tuesday when the company holds its November investor meeting. Focus will be on chief executive Steve Easterbrook who was appointed less than a year ago as this will be his first strategic update. Cramer says, 'I think Easterbrook is the real deal...I think he's going to lay out a multi-year strategy. I think that the stock is the BUY both ahead and also after the meeting.' Cramer goes on to say, 'I think Easterbrook is for real and his plan to make it so that it's a simplified menu and they make fewer mistakes, which has really hurt the throughput, makes me feel like McDonald's could easily trade to $125 within the next year.' The fast food chain recently posted better-than-expected quarterly results. Shares of McDonald's are up more than 20 percent year-to-date.