Coca-Cola, Stock and Earnings Beat
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U.S. stock futures traded in a subdued manner Tuesday, as the quarterly earnings season kicks into top gear. Here are some of the biggest premarket U.S. stock movers today: Coca-Cola (NYSE:KO) stock fell 0.
Coca-Cola's iconic brand power hasn't translated into strong investment returns. Click here to read what makes KO stock a Sell.
KO stock is trading at 5.5x sales compared to the last five-year average of 6.8x, and we believe investors will likely be better off picking Coca-Cola for robust gains in the long run.
The Coca-Cola Company (NYSE:KO) is included among the 11 Best Halal Dividend Stocks to Buy Now. The Coca-Cola Company (NYSE:KO) has been in business for more than 100 years, and its long-standing presence and global reach are part of why it’s among Warren Buffett’s top picks.
Coca-Cola should continue to outpace multinational peers, and the strength of the company is not fully priced into the stock, analysts say.
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Coca-Cola stock (NYSE: KO), which currently trades close to $56 per share, seems to be a decent investment option at the moment. The stock is still 1% below the levels seen at the beginning of 2020.
Futures tracking the Dow Jones Industrial Average rose 117 points, or 0.3%. S&P 500 futures climbed 0.2% and contracts tied to the Nasdaq 100 gained 0.3%, putting the tech-heavy index on course for yet another record high.