54.29 -0.04 (-0.07%)
Pre-Market: 4:55AM EDT
|Bid||54.29 x 2200|
|Ask||54.29 x 3000|
|Day's Range||52.76 - 54.63|
|52 Week Range||44.25 - 54.64|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||34.54|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.60 (3.12%)|
|1y Target Est||53.86|
U.S. stocks ended higher following reports that U.S. officials will head to China for in-person meetings to discuss trade, helping equities add to gains after better-than-expected earnings results in the morning.
Beverage giant reports strong revenue performance during the June quarter yet still has long-term revenue decline Continue reading...
The Dow Jones today ended with a solid gain, helped by strength in Coca-Cola stock and financial stocks like Goldman Sachs and American Express
Stocks closed higher Tuesday on news of progress on U.S. - China trade talks, an announcement of a White House and Congressional deal on the federal budget and debt ceiling and good corporate earnings.
A batch of solid earnings reports from some marquee companies pushed the major U.S. equity benchmarks to record highs today, an ascent aided by news that President Donald Trump and Congressional Democrats reached a budget agreement.Stocks were also buoyed by President Trump's Monday decision to expedite licensing decisions for U.S. technology companies doing business with controversial Chinese telecom firm Huawei Technologies. That decision was made after the president met with a group of tech CEOs."The CEOs expressed strong support of the president's policies, including national security restrictions on United States telecom equipment purchases and sales to Huawei," the White House said. "They requested timely licensing decisions from the Department of Commerce, and the president agreed. The group was also optimistic about United States 5G innovation and deployments."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy From This Superstar Fund There was one concerning economic data point out today. The National Association of Realtors (NAR) said existing home sales dropped 1.7% last month to an annual rate of 5.27 million units as rising prices forced some buyers out of the market.Still, the Nasdaq Composite added 0.58% while the S&P 500 jumped 0.69%. The Dow Jones Industrial Average finished higher by 0.65%. Dow Jones Today: Earnings GaloreAs we have been discussing in this space, this week is chock-full of bellwether earnings reports. That certainly got the ball rolling in earnest with help from several members of the Dow Jones Industrial Average.Shares of Coca-Cola (NYSE:KO) surged 6.07% on volume that was nearly double the daily average. KO reached the highest levels in more than 50 years after the company said it expects to post organic sales growth of 5% this year, up from a prior estimate of 4% growth.The company posted second-quarter revenue of $10 billion, just ahead of the Wall Street estimate of $9.99 billion. Coca-Cola was by far the best-performing stock in the Dow today."Our strategy to transform as a total beverage company has allowed us to continue to win in a growing and vibrant industry," said CEO James Quincey in a statement. "Our progress is positioning the company to create more value for all of our stakeholders, including our shareowners."Shares of United Technologies (NYSE:UTX) gained 1.50%, potentially setting the stage for more enthusiasm for aerospace earnings reports, of which plenty more are coming this week. United Technologies said its second-quarter profit jumped to $2.20 a share on sales of $19.6 billion.More importantly, the industrial company served up its second batch of positive earnings guidance this year, likely accounting for much of the move in the stock today.Chemicals maker Dow Inc. (NYSE:DOW) was another Dow winner today, jumping 3.42% ahead of its Thursday earnings report and adding to its recent hot streak. Analysts are expecting earnings of 86 cents a share on sales of $11.3 billion. Bottom LineThe theme of positive earnings surprises continued today. Large-cap technology stocks also hit records Tuesday. It should be noted that the widely-followed PHLX Semiconductor Index is higher by over 11% over the past month, indicating that some believe the U.S. and China will come to meaningful terms on trade.Dow component Intel (NASDAQ:INTC), one of the largest semiconductor makers, reports earnings on July 25 after the close. Intel is one of the smaller Dow members, but its earnings update could go a long way in determining near-term risk appetite. Fortunately, analysts are bullish on chip stocks over the near-term."The recent industry group outperformance versus the broad market potential restarts the bullish dynamic that dominated in the first quarter, but we need to see other cyclically sensitive markets follow along to build that confidence," according to J.P. Morgan.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Dow Jones Today: Earnings Drive Stocks to Record Highs appeared first on InvestorPlace.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Coca-Cola European Partners plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China. The U.S. corporate earnings season is off to a strong start, with nearly 80% of 104 S&P 500 companies topping earnings expectations so far in the second quarter, according to Refinitiv IBES data. Fellow Dow component United Technologies Corp gained 1.5% after raising its full-year profit and sales outlook.
‘We withdrew earlier this year as a result of positions the organization was taking that were not fully consistent with our commitments and goals,’ a Coca-Cola spokeswoman said
The stock market really hasn't had much "oomph" lately, and Tuesday's quiet session was another example of just that. However, stocks perked up quite a bit on news that U.S. trade officials would head to China this weekend to work on the trade deal. Let's see if that gives us any momentum as we delve through a few top stock trades. Top Stock Trades for Tomorrow 1: Lockheed Martin Click to EnlargeShares of Lockheed Martin (NYSE:LMT) are struggling for direction despite delivering an earnings and revenue beat, and raising its full-year guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the stock searches for direction, investors have an ideal setup. * 7 Stocks to Buy This Summer Earnings Season Shares tested and held the 50-day moving average. For those that go long, they can use a stop at Tuesday's lows. On the upside, look to see if LMT can push through the 20-day. If it can, a test of $370 is on the table.North of $370 and new highs are possible. Top Stock Trades for Tomorrow 2: Coca-Cola Click to EnlargeSpeaking of new highs, Coca-Cola (NYSE:KO) is hitting them after the company beat on earnings and revenue expectations.The stock is hitting channel resistance as we speak, but may continue to grind higher if investors keep bidding up the stock. A slight pullback would be welcomed in KO, allowing channel resistance to continue higher and give the stock more room to run.This name is a buy-on-dips candidate. A decline down to the $52 to $52.50 area -- which was prior resistance -- would be the first buy-the-dip spot. The second would be $49.50, but who knows when we'll see that price again. Top Stock Trades for Tomorrow 3: General Electric Click to EnlargeGeneral Electric (NYSE:GE) is moving nicely on Tuesday, up almost 4.5%. The company doesn't report earnings until next week, but this one has been trading well for a while now.GE has been mostly rangebound between $9 support and $10.50 resistance. Pushing through the latter now, the first upside target is the double-top from June and July at $10.70. Above it opens the door to target No. 2, all the way up at $11.27.To get there, it will have to push through the 38.2% one-year retracement at $11.06. Can GE stock get out of its rut? Top Stock Trades for Tomorrow 4: AT&T Click to EnlargeAT&T (NYSE:T) has been hammered over the past few sessions. At its lows near $31.50 on Tuesday, shares were down almost 7.5% from its highs made just a few weeks ago.The seemingly done deal between T-Mobile US (NASDAQ:TMUS) and Sprint (NYSE:S) weighed on Verizon (NYSE:VZ) and AT&T on Monday. However, T is likely under continued weakness ahead of earnings on Wednesday before the open.The stock has not performed well over the past few quarters when reporting earnings and this quarter may be no different.On a positive reaction, let's see if AT&T stock can rally back to its highs near $34. If it can, that will bring it back to channel resistance and keep the rally intact. On a decline, let's see that channel support buoys the name near $31. That's provided Tuesday's lows don't prop it up.If support gives way, T stock will break below channel support and will call on the 50-week moving average as hopeful support near $30.50. $30 buoyed the name last time T stock reported earnings. I would be a buyer on a dip down to $30 or to the 50-week moving average. Here's why. Top Stock Trades for Tomorrow 5: United Technologies Click to EnlargeLike LMT, United Technologies (NYSE:UTX) gave investors a top- and bottom-line beat and bumped its full-year guidance. Shares are up just 1.5% on the day, but also like LMT, the trade setup is well-defined.Below $130 and UTX stock becomes concerning. That means it will have lost its 20-day and 50-day moving averages, as well as uptrend support (blue line). Just below at $127.62 is the 38.2% retracement, while the 200-day moving average is near $125.50. * 10 Stocks to Buy From This Superstar Fund Put simply, there's a ton of support below UTX. On the upside, $136 is resistance. Over this level could put $142+ on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 5 Top Stock Trades for Wednesday: LMT, GE, KO, T appeared first on InvestorPlace.
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies, while a debt ceiling and budget deal between President Donald Trump and Congress also buoyed sentiment. Fellow Dow component United Technologies Corp gained 1.2% after raising its full-year profit and sales outlook. The two-year federal spending between Trump and U.S. congressional leaders would avert a feared government default later this year, but add to rising budget deficits.
U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment. The U.S. corporate earnings season is off to a strong start, with nearly 80% of the 104 S&P 500 companies topping earnings expectations in the second quarter. United Technologies Corp gained 0.3%, after raising its full-year profit and sales outlook.
Shares of consumer packaged goods giant Coca-Cola (NYSE:KO) surged to all-time highs today after the company reported better than expected second quarter numbers. Revenues came in ahead of expectations, and boasted a very healthy 6% organic sales growth rate. Earnings also topped expectations, boosted by core operating margin expansion. The full-year revenue guide was lifted slightly, and the full-year EPS guide was maintained.Source: Shutterstock Broadly, it was a very good report. In response, KO stock shot up more than 5%, an unusually big post-earnings move for this normally quiet and subdued stock.Unfortunately, I'm unconvinced that this rally in KO stock can continue with much gusto in the near term. KO stock now trades at its richest valuation in recent memory. And while the company has found a long-term winning strategy that should power continued stable profit growth, most of that profit upside is priced in for the foreseeable future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat's the investment game plan here? Avoid KO stock for the time being. Buy on dips. The stretched valuation implies limited upside near term. But the company's long-term growth prospects do imply that the Coca-Cola stock price will eventually head higher. Second-Quarter Numbers Were Really GoodCoca-Cola's second-quarter earnings report was good on all important fronts. * 7 Defense Stocks to Buy to Fortify Your Portfolio First, and foremost, Coca-Cola's top-line momentum remains the best it has been in recent memory. For two consecutive quarters, Coca-Cola has reported 6% organic sales growth, on volume growth of 3% or better. The core Coca-Cola product line-up has rebounded (4% volume growth in the quarter, led by the seventh consecutive quarter of double digit volume growth for Coke Zero), while new product lines are performing very well, too (25% of revenue now comes from new or reformulated beverages).Second, margins are healthy. Comparable operating margins did slip year-over-year. But, that slippage was entirely due to currency headwinds. Ex those currency headwinds, core operating margins actually expanded more than 100 basis points year-over-year, due to sustained gains in operational efficiency.Third, the guide was strong. Organic sales are expected to rise 5% this year. That would mark the second year in a row of 5% organic sales growth - a strong mark for a company that is this big and this mature in a very stable market. Margins ex currency headwinds are expected to keep marching higher. Profits are, too.Broadly, Coca-Cola's second quarter earnings report was very good, and it's no surprise that KO stock rallied to all time highs in response. Coca-Cola Stock May Not Rally Much FurtherAlthough Coca-Cola Q2 results imply that this company is firing on all cylinders, the KO stock price does not project to rally much further from here.Bulls think that its relative underperformance year to date positions the Coca-Cola stock price for continued gains. Shares are up just 15% since the start of this year. That compares unfavorably to a 20% gain for the S&P 500 and an 19% gain for PepsiCo (NYSE:PEP) stock.But this underperformance is the result of Coca-Cola's rich valuation. Heading into the year, KO stock was trading at 22.5 times forward earnings. PEP stock was trading at just 19.5 times forward earnings.In this sense, PEP stock has been playing catch-up with Coca-Cola all year long. Today, the KO stock price is still more richly valued than PEP stock. Yet, according to Ycharts.com, the two companies have the same projected long-term earnings growth rate around 6%. Indeed, KO stock's present 25 times forward earnings multiple is the biggest forward earnings multiple this stock has had in the past decade.As such, Coca-Cola is trading at a premium relative to peers and its historical standard. This rich valuation has limited gains in the KO stock price over the past seven months. It will continue to limit gains for the foreseeable future, too. Long-Term Strategy Implies Long-Term SuccessIn the big picture, Coca-Cola has stumbled upon a winning strategy in a stable growth industry. This implies that KO stock will head higher in the long run.Zooming out, Coca-Cola is one of essentially only three relevant non-alcoholic beverage companies in the world. Of those three, Coca-Cola is the most potent, with the most reach and the most resources. Coca-Cola leverages this advantage to identify next-generation beverage trends, acquire brands within that trend and push those brands through its global distribution network. This strategy ensures that Coca-Cola's product portfolio is always relevant. Further, it helps ensure that the company maintains and potentially even grows share in the steady growth beverage industry.The beverage industry is a mid-single digit growth industry. Assuming Coca-Cola maintains market share, then this company projects as a mid-single digit revenue growth business over the next several years. Margin headwinds should be offset by buybacks. And earnings per share growth should net out in the mid-single digit range, too.Assuming mid-single digit annualized EPS growth from this year's projected EPS base of $2.10, then 2025 EPS could be about $3. Based on a historically average 21-times forward multiple, that implies a 2024 price target of $63.Thus, in the long run, the KO stock price has upside to levels above $60. Bottom Line on KO StockThere are two good things about the KO stock price here. First, it has healthy upside potential in the long run. Second, the company is firing on all cylinders today.There's also one bad thing about Coca-Cola here: shares appear overextended after a big second-quarter earnings rally.The implication of these three observations is simple. Avoid KO stock for the time being (because it's overextended). But buy shares on any big dips, because they will march higher over the long haul.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Coca-Cola Stock Looks Overextended After Earnings Pop appeared first on InvestorPlace.
Beverage giant Coca-Cola is out with its latest earnings report today. The company beat on earnings by 2 cents and lifted its full year sales outlook. Quarterly revenue of 10-billion dollars was slightly better than expected. Yahoo Finance’s The First Trade had the chance to break down the report with Coca-Cola's new CFO John Murphy. He says the global economy is a bit dodgy, but Coke is prevailing.