Coca-Cola Reports Earnings Tuesday. What to Expect.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Many investors who piled into consumer staple stocks in 2022 to ride out market volatility have since pulled out.

Investor concerns over slowing demand and weight loss drugs may overshadow another quarter of solid earnings for Coca-Cola.

But an earnings beat may not be enough to push the stock higher. While Pepsi shares got a small bump immediately after the company posted earnings Oct. 10, they have since shed 0.4%. Year to date, Pepsi stock is down 11%. Coca-Cola shares closed 0.9% lower Monday, extending the stock’s 15% decline year to date.

Concerns over whether weight loss drugs will negatively affect demand for sugary snacks and drinks have also hurt shares of food and beverage makers such as Coca-Cola. While Coca-Cola has yet to address this—it may do so Tuesday—Pepsi said the impact so far has been negligible.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola Earnings Preview: Will Q3 Report Help Sustain Stock's Bullish Momentum?Stocks Analysis by Investing.com (Günay Caymaz) covering: Coca-Cola Co, Coca Cola Co, Coca-Cola Co BDR, Coca-Cola Co DRC. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Earnings playbook: How to trade a busy week of reports from companies including Microsoft and MetaBig Tech takes center stage in what could be a make-or-break week for S&P 500 earnings.
Source: CNBC - 🏆 12. / 72 Read more »

The week ahead: Bond yields and earnings reportsThe 10-year US Treasury yield continues its march towards 5%, the yield surged by 30 basis points last week, which triggered a decline in risky assets
Source: FXStreetNews - 🏆 14. / 72 Read more »

Morgan Stanley's Wilson: Next rally attempt will fail as investors are punishing earnings reports.Critical information for the U.S. trading day
Source: MarketWatch - 🏆 3. / 97 Read more »