Coca-Cola (NYSE: KO ) , down 0.1% Coke, on the other hand, is no surprise on this list. One of the obvious defensive stocks in the Dow, the soft-drink giant has grown to be a worldwide icon.
But the company can expect a renewed fight from its archrival, PepsiCo (NYSE: PEP ) . CEO Indra Nooyi announced a plan yesterday that would cut 8,700 jobs in order to save money that would go toward marketing and advertising. Renewed strength from Pepsi could present new challenges for Coke, especially if Pepsi can continue to integrate its beverage and snack lines to create a competitive advantage.