U.S. Markets closed

Jim Cramer Says Be Patient on McDonald's Earnings

TheStreet's Jim Cramer says investors don't mind that McDonald's didn't meet earnings estimates because the stock yields 3.25% and he likes the forward looking trend. Cramer says he would not be surprised if U.S. sales turn around in the second half of 2014, and that should be good for patient investors. Cramer points out the stock missed the quarter when it was at $96, went to $94, and then made a straight shot to $100. Cramer says people like value, and for that reason they like McDonald's.