'Always buy all-time highs' as Coca-Cola still has room to run, market analysts say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

'Always buy all-time highs' as Coke still has room to run $KO (via TradingNation)

later in the day that "the storm" of global economic weakness the company had anticipated "never arrived."

Newton pointed out that this year, the stock broke out above the $43-a-share peak it hit in July 1998, marking an acceleration in the shares that looks to him like they're poised to continue. Add in the fact that Coke is starting to outperform the broader consumer staples sector on a relative basis, represented on the chart below by the line's slight upturn over the last several months, and Coke is looking attractive to Newton.

And although recent data have shown that fewer and fewer consumers are drinking carbonated, sugary beverages, Schlossberg felt strongly about management's ability to navigate that secular trend.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

TradingNation They need some bigger fool to dump there shares on.

TradingNation

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks making the biggest moves premarket: Coca-Cola, Travelers, Biogen, Hasbro, Apple & moreThese are the stocks posting the largest moves before the bell.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »