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Here's your best McDonald's play right now: Trader

Buy McDonald's now: Trader

Bad news has been surrounding McDonald's all year as sales slump in the U.S. and abroad, but now is the time to buy the stock, CNBC "Fast Money " contributor Guy Adami said.

"It's all priced in. At 16 times forward earnings it trades at a discount to Burger King and Wendy's," he said. "I also think it hit a capitulatory bottom on Sept. 10 when it traded down to $90.53 on 12 million shares."

Adami recommended buying the stock at current levels and looking to take profits at $103 per share.

Year to date, shares of McDonald's are down about 4 percent.