|Bid||54.71 x 1200|
|Ask||54.78 x 4000|
|Day's Range||54.45 - 55.39|
|52 Week Range||44.42 - 55.92|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||33.40|
|Forward Dividend & Yield||1.60 (2.99%)|
|1y Target Est||N/A|
The main U.S. stock indexes edged lower on Friday. Economic growth in China continues to slow down in the third quarter, while essential elements of the trade deal and a vote for Brexit remain closely watched.
Coca-Cola rose as the Dow giant beat sales views and lifted its revenue outlook as bets pay off on less sugary drinks, coffee beverages and smaller cans
Wall Street fell on Friday, dragged down by Boeing and Johnson & Johnson and as worries over global economic growth were rekindled by gloomy data out of China. The world's second-largest economy expanded at its weakest pace in almost 30 years in the third quarter amid a bitter trade war with the United States, which has roiled financial markets and fueled fears of a global recession.
The three major U.S. stock market indexes fell as new government data showed that China’s economic growth slowed down in the third quarter.
The Dow Jones Industrial Average Friday midday was trading at session lows, with shares of Johnson & Johnson and Boeing delivering the biggest headwind to the blue-chip gauge. The Dow was off 206 points, or 0.8%, at 26,802, with shares of J&J cutting about 45 points from the index. The S&P 500 index was down 0.7% at 2,976, while the Nasdaq Composite Index was trading 1.4% lower at 8,047. J&J's stock was sinking and weighing down the the Dow, where it is a component, after the consumer products and drug company said it was recalling "a single lot" of Johnson's Baby Powder after tests revealed traces of chrysotile asbestos. Boeing Co. 's shares were down 3.3% after a Reuters report. Meanwhile, Federal Reserve Vice Chairman Richard Clarida on Friday said the economy is facing "evident" risks, while inflation remains muted.
Wall Street edged lower on Friday, set to end a strong week on a downbeat note, as heavyweight Johnson & Johnson slipped and worries over global economic growth were rekindled by gloomy data out of China. The world's second-largest economy expanded at its weakest pace in almost 30 years in the third quarter amid a bitter trade war with the United States, which has roiled financial markets and fueled fears of a global recession.
Coca-Cola's (KO) top line in third-quarter 2019 gains from robust volume and pricing on strong demand for Zero Sugar drinks, juices, and tea and coffee. Currency headwinds hurt the bottom line.
Coca-Cola had an impressive sales performance in the third quarter. The company’s third-quarter revenues benefited from higher organic sales.
Wall Street struggled for direction on Friday as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years, with Johnson & Johnson also weighing on the blue-chip Dow index. While global equities fell on the third-quarter data, a raft of robust earnings from Coca-Cola Co and Schlumberger NV lifted the mood.
Data from China showed the world’s largest economy grew at the slowest pace in nearly three decades, and the weaker-than-expected print threatened to take the fizz out of stocks. The KO results point to a resilience among both domestic and international consumers that is encouraging after recent data showed disappointing overall retail sales in the U.S. Meanwhile, Schlumberger Limited’s (SLB) shares were also higher after the oilfield services company reported earnings and revenue that came in ahead of forecasts.
Dow component Coca-Cola is trading less than a point under September's all-time high after earnings, adding to impressive 2019 returns.
US stocks on Friday headed slightly lower but benchmarks were set to post a second straight week of gains on quarterly corporate results that have thus far come in better than expected. The Dow Jones Industrial Average off 45 points, or 0.2%, at 26,982 was weighed by a decline in shares of Johnson & Johnson after the blue-chip component and consumer-products and drug company said it was recalling "a single lot" of Johnson's Baby Powder after tests revealed traces of chrysotile asbestos. Meanwhile, other Dow components Coca-Cola shares climbed after the beverage and snacks company matched expectations and sales rise slightly more than anticipated and American Express Co.'s shares rose slightly after it also produced better-than-expected results. The S&P 500 index was off less than 0.1% at 2,997, while the Nasdaq Composite Index was down 0.1% at 8,151. Separately, a recent report showed that China's economy grew 6% in the quarter as business activity decelerated. Friday's action comes after the U.S. Trade Representative's office confirmed late Thursday that tariffs on $7.5 billion of European goods will take effect Friday. Investors will be awaiting speeches from Federal Reserve members, offering the last time for the officials to speak before a blackout period starting on Saturday. Vice Chairman Richard Clarida was slated to speak at a conference at 11:30 a.m. Eastern Time in Boston. Ahead of that a number of other speakers will talk, including Kansas City Federal Reserve Bank President Esther George and Dallas Fed President Robert Kaplan at 10 a.m.
(Bloomberg) -- Coca-Cola Co.’s international sales and low-sugar offerings like Coca-Cola Zero Sugar drove brisk revenue growth in the third quarter. Shares rose the most intraday since July.The beverage giant said unit case volume grew by 2%, while net revenue expanded 8% to $9.5 billion. The key metric of organic revenue, which strips out some items like currency effects, jumped 5% -- higher than analysts’ average estimate for a 4.1% gain.Key InsightsAs U.S. consumers increasingly opt for sparkling waters and plant-based milks over sugary beverages, Coke is betting big on offerings in these categories and reported double-digit volume growth in Coca-Cola Zero Sugar in the U.S.Overseas sales have also been a bright spot. The company reported “strong growth” in Minute Maid Pulpy in China and coffee and tea in Japan. And local celebrity endorsements and digital marketing helped the company’s smartwater line become India’s second-largest premium water brand.Coke maintained its projection for 5% organic sales growth this year -- a sign it doesn’t see its performance slowing at the end of the year. The company now expects to spend about $2.2 billion in capital expenditures, up from the prior forecast of $2 billion. The company said on a call that it will provide its full 2020 forecast in February.Market ReactionCoke shares rose as much as 2.4% on Friday. The stock had risen 14% this year through Thursday's close, trailing the S&P 500 Index.Get more on the numbers here.(Adds details from conference call)\--With assistance from Janet Freund and Karen Lin.To contact the reporter on this story: Deena Shanker in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Jonathan Roeder, Cécile DauratFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Monster Beverage (MNST) is facing headwinds related to higher freight costs and adverse currency. Nevertheless, its constant product launches and innovations may provide some respite.
The world's second-largest economy expanded at its weakest pace in almost 30 years in the third quarter amid a bitter trade war with the United States, which has roiled financial markets and fueled fears of a global recession. "China data just adds to the continued slowing global growth concept that has been out there for a while," said Chris O'Keefe, managing director at Logan Capital Management in Ardmore, Pennsylvania. A 4.2% fall in shares of Johnson & Johnson also pressured the blue-chip Dow Jones Industrial Average and the S&P 500 indexes.
Have your Coca-Cola stock and a smile, after the beverage maker’s earnings sent its shares higher Friday morning.
Wall Street was set to open flat on Friday, as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years. While global equities fell on the third-quarter report, a raft of robust earnings from Coca-Cola Co, American Express Co and Schlumberger NV lifted the mood.
Stocks inched higher as more companies reported strong profits, offsetting news that economic growth slowed down in China.