Coca-Cola Stock: Compelling, Even at New Highs
29 April 2022 - 11:24PM
TipRanks
Shares of Coca-Cola (KO) have been making new highs, as the broader
markets have been sinking further into a correction. As one of the
most cherished consumer staples out there, it should come as no
surprise to see Coke stock zig while the rest of the markets zag.
It's not just the defensive nature of the company that's powering
the rally, though. The company has done many things right, with
intriguing new product offerings and a roadmap. Elon Musk's cheeky
comment about buying Coca-Cola was met with a lot of laughter on
Twitter (TWTR).
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Coca Cola (NYSE:KO)
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