McDonald's price targets cut amid softer sales but strategic shift seen as positive for long-term returns

Consumer services undervalued; Vanguard Consumer Discretionary ETF cheaper but matches XLY returns

Fred Piard highlights that consumer services stocks are notably undervalued yet maintain strong quality, while the auto and components sector remains unattractive fundamentally. The Vanguard Consumer Discretionary ETF is cheaper than the XLY ETF due ...