Since the start of July, McDonald's has been among the worst-performing members of the 30-stock blue-chip Dow, down more than 7% entering Thursday's session.
The advance comes after Wells Fargo upgraded McDonald's to a buy-equivalent rating, saying the company's "innovation engine is firing on all cylinders."
McDonald's (MCD) returning to its winning ways would be a much-needed development for the Dow Jones Industrial Average, CNBC's Jim Cramer said Thursday, particularly in September, a historically weak month on Wall Street.
"I think that this could matter," Cramer said on "Squawk on the Street," referring to Wells Fargo's bullish call.
"It's a stock to watch because, if you can get a little momentum in the Dow, maybe it can separate some from the Nasdaq.
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