KO - The Coca-Cola Company
54.24 0.00 (0.00%)
After hours: 5:22PM EDT
| Previous Close | 53.96 |
| Open | 54.10 |
| Bid | 54.23 x 900 |
| Ask | 54.35 x 1400 |
| Day's Range | 53.96 - 54.70 |
| 52 Week Range | 44.25 - 55.92 |
| Volume | 11,394,212 |
| Avg. Volume | 12,002,631 |
| Market Cap | 231.932B |
| Beta (3Y Monthly) | 0.31 |
| PE Ratio (TTM) | 33.07 |
| EPS (TTM) | 1.64 |
| Earnings Date | Oct 18, 2019 |
| Forward Dividend & Yield | 1.60 (2.97%) |
| Ex-Dividend Date | 2019-09-13 |
| 1y Target Est | 57.21 |
- InvestorPlace
3 Big Stock Charts for Tuesday: Southwest Airlines, Visa and Coca-Cola
The new trading week didn't get started on a particularly impressive foot. Even with the intraday recovery effort, the S&P 500 still ended the day lower by 0.31%. Surging oil prices, thanks to an attack in the Middle East, sparked concern of a ripple effect.Source: Shutterstock Overstock.com (NASDAQ:OSTK) was the proverbial problem child, falling more than 20% to log a second day of losses following last week's big runup. Ford (NYSE:F) fell a more nominal 1.6%, with investors digesting the response to a recent UAW threat to go on strike, in addition to news that the company is recalling more than 300,000 Explorers due to dangerous seat edges. * 10 Recession-Resistant Services Stocks to Buy Headed into today's trading action, it's the stock charts of Southwest Airlines (NYSE:LUV), Visa (NYSE:V) and Coca-Cola (NYSE:KO) that have earned a closer inspection. Here's why, and what to look for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Coca-Cola (KO)It has been one of the healthier trades this year, despite the drinking public's growing aversion to sugary beverages. In fact, Coca-Cola shares have rallied an amazing 20% since March's low, overcoming its February stumble with relative ease.The sheer speed and span of the move in an environment that doesn't favor most of the company's fare, however, has left KO stock vulnerable to some profit-taking. One more technical misstep could push Coca-Cola shares over that edge. * Click to EnlargeThe "edge" in question is the straight-line support that connects the bulk of the lows seen since March's pivot. It's plotted as a dashed blue line on both stock charts. * KO shares are no stranger to big swings. In fact, they make them on a rather reliable basis. All of the recent cases where the weekly chart's RSI line entered overbought territory led to major setbacks. * Although up for the past couple of months, take note of the fact that there's been more bearish volume than bullish volume. * The purple 50-day moving average line may also be a make-or-break support level at this time. It has been in the past. Southwest Airlines (LUV)Airline stocks are inherently erratic, impacted not just by the ebb and flow of demand for travel, but by the ebb and flow of oil prices. The two differing factors don't always behave with respect to one another as one might expect. Southwest Airlines has been no exception to this norm.There has been a method to the madness though. LUV stock has hammered out the formation of a familiar and telling shape. And, it has done so with a fairly predictable context that implies a breakout thrust could be brewing. * 7 Momentum Stocks to Buy On the Dip * Click to EnlargeThe bigger-picture pattern is a converging wedge shape, marked in blue lines on both stock charts. The lower edge of the wedge patterns, as can only be seen on the weekly chart, extends all the way back to 2015. * There's also something important but easy to overlook in the moving average lines plotted on both stock charts. They're all essentially converged now, setting the stage for a divergence from this point forward. * Tilting the scales in a bullish direction is the high-volume gains that started to materialize last week, and the subsequent push above a not entirely perfect upper boundary of the wedge shape. Visa (V)Finally, Visa has dished out some unexpectedly lengthy and sizable rallies since the beginning of 2017. In fact, the only real rough patch was the weakness most other stocks suffered in the final quarter of last year. And even then, V stock snapped back to an even stronger rally.As could be expected though, the weight of that eight-month gain is starting to prove unbearable. Visa shares have been hit hard a couple of times since last month, and while the advance hasn't been shattered yet, it's nearing that point. * Click to EnlargeThe weekly chart puts things in perspective. Last week's high had V shares more than 17% above the 200-day moving average line marked in white on both stock charts. That's the biggest divergence in years. * The line in the sand, so to speak, is the 100-day moving average line marked in gray. * Possible landing points include the $156.70 area marked in yellow on the daily chart, where V shares found support a couple of times in May, and then the 38.2% Fibonacci retracement line at $162.16, marked on the weekly chart.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Big Stock Charts for Tuesday: Southwest Airlines, Visa and Coca-Cola appeared first on InvestorPlace.
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Balanced Risk-Reward for Brown-Forman (BF.B): Stock Gains
Brown-Forman (BF.B) witnesses strength across its brand portfolio and geographies, which is aiding bottom-line performance. But ongoing tariff-related and higher input costs are headwinds.
- GuruFocus.com
Strategic Value Investing: Diversification
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- American City Business Journals
Atlanta medical marijuana startup adds another Patrón exec to C-Suite, signals European expansion
Atlanta's fast-growing medical marijuana startup continues to build out its executive team, adding another former Patrón leader to its C-Suite and also hiring a Coca-Cola alum to expand its international footprint. Surterra Wellness said Monday it named Lee Applbaum as the company's new chief marketing officer, following his stint at Bacardi Global Brands Limited, where he was global CMO for Patrón Tequila and Grey Goose Vodka.
- Zacks
Here's Why FEMSA (FMX) Deserves a Place in Your Portfolio
FEMSA (FMX) witnesses positive momentum, owing to earnings beat in second-quarter 2019 and rise in sales. Additionally, the company's growth and expansion efforts place it well for long-term growth.
- Yahoo Finance
Breaking Bad star Dean Norris makes fictional beer Schraderbräu a reality
Breaking bad actor Dean Norris has taken the fictional beer Schraderbräu, the mythological homebrew from Norris’ beloved character Hank Schrader, and made it a reality.
- InvestorPlace
Friday’s Vital Data: Coca-Cola, Square and Intel
U.S. stock futures are trading higher this morning and now sit a whisker from new records.Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.32%, and S&P 500 futures are higher by 0.22%. Nasdaq-100 futures have added 0.07%.In the options pits, calls continued their recent trend of trouncing put demand while overall volume came in near average levels. By the time the closing bell rang, 21.7 million calls and 16.5 million puts traded. Meanwhile, over at the CBOE, the single-session equity put/call volume ratio remained near its two-month low at 0.55. With the spate of low readings in September, the 10-day moving average continues to be pulled lower to close under 0.62.InvestorPlace - Stock Market News, Stock Advice & Trading TipsA diverse group of equities landed atop the most-active options leaderboard. Coca-Cola (NYSE:KO) was flooded with options volume ahead of today's dividend payout. Square (NYSE:SQ) fell to a nine-month low on above-average volume. Finally, Intel (NASDAQ:INTC) rallied for its seventh day in a row, but resistance overhead gave a reason for put buying. * 10 Big IPO Stocks From 2019 to Watch Let's take a closer look: Coca-Cola (KO)Consumer staples have enjoyed a consistent upward march this year, and nowhere has the trend been more obvious than in Coca-Cola. Plunging interest rates are creating renewed demand for dividend payers. KO stock's 2.92% stands tall compared to the 10-year yield, which is plumbing to the depths near 1.75%.And it is this juicy dividend that options traders have to thank for Thursday's explosive volume. The boom in call volume was driven by investors seeking short-term control of the stock for eligibility to the upcoming 40 cent quarterly payment. KO is trading ex-dividend this morning requiring you to have owned it by yesterday's close to participate in the next pay-day.As is usual with dividend targeting, calls drove the bus with activity zooming to 721%. In total, 206,418 contracts changed hands with 95% of the tally coming from calls.Implied volatility pushed to 20% landing it at the 29th percentile of its one-year range. Premiums are baking in daily moves of 69 cents or 1.3%. Square (SQ)The broad market is a whisker from record highs, but some sick stocks are sinking toward 52-week lows. You can count Square shares among the ill. SQ fell for the fifth straight day yesterday amid increasing distribution.And the charts leave little room for optimism moving forward. The next potential support zone isn't until $52.50, which is 9% lower. While buyers could swoop in to the save the stock before then, I certainly wouldn't bet on it with every major moving average now pointing lower.On the options trading front, puts outpaced calls by a slim margin. Total activity climbed to 250% of the average daily volume, with 159,984 contracts traded. Puts accounted for 52% of the sum.Despite the deterioration, we've seen virtually zero fear. Implied volatility just sank to 39% or the 6th percentile of its one-year range. Premiums are cheap, so if you're banking on the bears, long puts or put spreads are attractive. Intel (INTC)Intel is on the rise, notching its seventh straight daily gain yesterday. The nascent recovery has been strong enough to pull the 20-day and 50-day moving averages higher. This confirms buyers have officially wrested control of the short- and intermediate-term trends.INTC stock now stands at a critical juncture; $53.25 is a powerful resistance zone that has kept a lid on INTC ever since April's disastrous earnings drop. Tack on the fact that Intel shares are extremely overbought and this is as logical a level as any for the stock to pause. At any rate, it's not a low-risk entry, so I'd caution against piling in here. A pullback would provide a better spot to jump in. * 7 Stocks to Buy to Ride the Vegan Wave As far as options trading goes, puts proved more popular despite the day's rally. Activity swelled to 155% of the average daily volume, with 101,473 total contracts traded; 56% of the trading came from puts.Anxiety has been easing alongside the price rally. Implied volatility has fallen to 25% or the 23rd percentile of its one-year range. Premiums are pricing in daily moves of 83 cents or 1.6%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Friday's Vital Data: Coca-Cola, Square and Intel appeared first on InvestorPlace.
- Bloomberg
Growing Up in a Trade War: China Is Off Limits for This Startup
(Bloomberg) -- The China-U.S. trade war threatens to upend the supply chains of multinational technology companies. But smaller businesses are also getting caught up in the dispute.U.S. startups seeking funding must now consider relations between Beijing and Washington. According to one, that means turning away from Chinese investors and overseas cash in general in favor of raising money in the U.S. It could also accelerate the need to go public, according to Ripcord Inc. founder Alex Fielding.“Would I say that there was any risk from any investment that we took from a Chinese fund? No. I think they’re all great investors. It’s good money from good people and banks that are well known. This isn’t terrorist money,” he said. “Is there risk to Ripcord as a company for taking it? There is now.”Ripcord, which uses robots and artificial intelligence to scan and classify paper documents, previously got financing from sources including the venture capital arms of Chinese search leader Baidu Inc. and Beijing-based conglomerate Legend Holdings Corp. Now Fielding is looking for new investment to help the Hayward, California-based startup expand overseas. The trade war stands in his way.Instead of expanding to China and raising more money there, Ripcord’s first international move is to enter Japan via a new branch in Tokyo that will work with a large bank. And Fielding is eyeing cash from U.S. strategic investors with the ability to commit more in further rounds as needed. That should give Ripcord more time to grow before turning to public markets, he said.Decisions like this are part of the reason Chinese investment in U.S. startups is falling. There have been 25 rounds with at least one China-based investor so far in the third quarter, down from a peak of 67 in the second quarter of 2018, according to market tracker Preqin.Ripcord, whose clients include Coca-Cola Co., has carved out a niche by digitizing information on paper so it can be loaded into corporate data bases. Its 30,000-square-foot-factory space in the San Francisco Bay area houses giant machines that the startup builds itself. Ripcord has the equipment made domestically by U.S. companies. That’s more expensive than outsourcing to Asia, but more prudent in this new environment, he said.The problem with a greater association with China is that the U.S. administration could decide to classify a Ripcord investor or partner as a security risk, which could be fatal for the startup, according to Fielding.“There’s a lot of companies that are probably in that boat, weighing: Do we take a local investment that’ll cost us more than a foreign investment when there’s risk that comes with that?” he said. “It was never a part of the narrative, and now it is.”For Ripcord, Fielding believes the extra maneuvering will be worth it because he sees such a big opportunity. About 49 trillion sheets of paper are printed annually. Ripcord has scanned hundreds of millions of sheets this year and will pass 1 billion sheets next year.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- InvestorPlace
Why You Should Buy Pepsi Instead of Coca-Cola Stock
Coca-Cola (NYSE:KO) stock is more expensive than PepsiCo (NASDAQ:PEP) in most value metrics for the two companies' valuations in relation to their sales, earnings and cash flow.Source: Elvan / Shutterstock.com For example, KO trades at 24 times its forward price-to-earnings ratio. It also is valued at 25.1 times enterprise value to EBITDA. By contrast, PEP trades at 23 times earnings and has an EV-to-EBITDA ratio of 17.1.Another example is that the market values KO stock's enterprise value at 8.2 times its sales, whereas PEP is at 3.4 times EV-to-sales.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Differences with Dividends and YieldsKO stock has a slightly higher dividend yield than PEP. Coca-Cola stock yields 2.9% and PepsiCo's yield is 2.8%.However, KO spends more of its earnings on dividends, paying out 77.4%. PEP pays out only 68.4 % of its earnings-per-share in dividends.If PEP paid out 77.4% in dividends like KO, its dividend per share would be 13.1% higher -- $4.32 annually. So at today's price of ~$136.36, PEP's dividend yield would be higher than KO's -- 3.17% vs. KO stock's 2.94%.Moreover, KO has grown its dividends at only 6.85% during the past five years. PepsiCo dividends have grown faster at 9.88% over the same period. And remember PEP pays out less of its earnings, so its growth rate would be even higher on a comparable payout basis. * 10 Big IPO Stocks From 2019 to Watch PEP's Total Return Has Been Better Than KO, Despite Being CheaperNormally you would think that since KO stock is more expensive than PEP its stock performance would have been better than PEP's. But over the past year, KO stock has risen 19% and PEP has risen 20%. So PEP has outperformed Coca-Cola by 5.37%.Even more interesting is that PEP's total return has also been better. Remember that KO has a higher dividend yield than PEP -- 2.94% (KO) vs. 2.81% (PEP). If you add in the actual dividends declared over the past year, KO has paid out $1.59 per share in dividends. One year ago KO's price was $46.02, so the dividends paid earned investors 3.46%.PEP declared $3.765 per share in dividends over the past year. Based on the year-ago price of $113.85, these dividends earned investors 3.31%.On a total return basis, Coca-Cola stock earned investors 22.46% (19 % price appreciation plus 3.46% in dividends). But PEP earned their investors 23.34% (20.03 % plus 3.31%).So, even though PEP is cheaper than KO stock and has a lower dividend yield, investors in PepsiCo would have made 3.89% more on their investment than those in Coca-Cola stock, including dividends. Why Has PEP Outperformed KO Stock?The answer here is mixed. In Q2, Coca-Cola grew its EPS 12% over the past year in Q2. PepsiCo's EPS grew 13%.But both companies also measure their earnings on an "organic" basis, which strips out currency effects and other non-comparable distortions. KO's organic EPS was up 6% but PEP had 0% growth.The measure I like to look at is free cash flow (FCF). This is a measure of actual cash flow returns. Based on my analysis, Coca-Cola had an amazing 46.5% increase over the past year. PepsiCo's FCF grew a respectable 35.7%.But even that measure is not a perfect comparison. For example, PEP spent a much larger amount of money on capital expenditures, in both dollar volume and as a percent of sales, than Coca-Cola -- effectively investing for future performance. If the two capex numbers are put on a comparable basis, PepsiCo's FCF growth would be as good as Coca-Cola's.So by some measures, Coca-Cola performed better than PepsiCo, and in others, PepsiCo outperformed. There is no clear winner here.Maybe the difference between the two companies is how they see the future. Future Guidance for the Companies Is Very SimilarKO indicated that its EPS is likely to be -1% to +1% higher in 2019 over 2018. PepsiCo has guided to a 1% lower EPS number for 2019.These are not big differences. * 7 Discount Retail Stocks to Buy for a Recession In fact, the only real difference I can see between the companies is that that PEP's stock is significantly cheaper than KO's stock valuation. I pointed this out at the beginning of this article. SummaryPEP's stock is cheaper and outperformed KO stock. There is not much difference in their financial performance.I suspect PEP is therefore likely to perform better than KO stock on a total return basis over the next year.As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs the Total Yield Value Guide which you can review here. The Guide focuses on high total yield value stocks and was launched on August 30. Subscribers during September receive a 20% discount, plus a two-week free trial. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Why You Should Buy Pepsi Instead of Coca-Cola Stock appeared first on InvestorPlace.
- Zacks
Buffett's Best & Worst Performing Stocks Thus Far in 2019
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The Zacks Analyst Blog Highlights: Coca-Cola, Kellogg, Alphabet and McDonald's
The Zacks Analyst Blog Highlights: Coca-Cola, Kellogg, Alphabet and McDonald's
- InvestorPlace
Canopy Growth Stock Needs to Be One of Your Main Cannabis Plays
Canopy Growth (NYSE:CGC) has bounced back by 16.3% so far in September after a brutal sell-off over the past few months. I recommended Canopy Growth stock back on Au. 30. I felt the stock had been oversold given how little its fundamental picture has changed.Source: Shutterstock A brand new report on Canadian cannabis market share seems to confirm the idea that Canopy is dominating the nascent Canadian market. Experienced investors know a first-mover advantage is extremely valuable in the long-term.One of the biggest reasons why CGC stock has dropped in the past few months is because its losses have been heavier than expected. However, the early market share numbers suggest Canopy's strategy of aggressively investing in ramping up its business is already paying off.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The NumbersBank of America found Canopy has a 25% market share of all cannabis listings in Canada. The study included 1,980 listings, 101 brands and 39 different cannabis producers. * 10 Stocks to Sell in Market-Cursed September Canopy Growth Corp has the largest share of the Canadian market by a long shot. Analyst Christopher Carey says Canopy's market share is roughly double the 13% market share of its closest competitors, Aurora Cannabis (NYSE:ACB) and Organigram (NASDAQ:OGI).Carey says establishing that first-mover advantage is critical."Establishing distribution - early and big - can be significant in creating long-term market share moats for a business competing in new consumer categories prone to fragmentation," he said.Unfortunately, the market share study wasn't all good news for Canopy Growth stock. The 25% "share of listings" represents product already on shelves throughout Canada. Bank of America also looked at "sell-in," or total retail purchases of cannabis. Sell-in represents the future share of listings. In that statistic, Canopy has dropped to second place with 22%, trailing Aurora at 27%. The Future of CannabisCarey says investors shouldn't get too worried about Canopy losing sell-in share. In the June quarter, Canopy's harvest jumped 183% quarter-over-quarter, much of which was hot-selling THC flower.Carey is expecting this spike in harvest will translate to a 33% quarterly increase in Canopy sell-in in the fiscal second quarter of 2020. That big push could push Canopy back ahead of Aurora in sell-in share.Obviously having that top market share spot is ideal, but as long as Canopy remains at or near the top, investors should be rewarded in time. Certainly, investors want Canopy Growth to be the Coca-Cola (NYSE: KO) of cannabis, but it will be just fine if Canopy Growth stock ends up the PepsiCo (NASDAQ: PEP) of Canadian cannabis.In fact, PEP stock has generated a total return of more than 2,630% over the past 30 years. KO stock has a total return of 2,570% in that time. How to Play Canopy Growth StockThe latest Canadian market share numbers were certainly good enough to keep Carey in the bull camp when it comes to CGC stock."Canopy remains a company, if a still imperfect story, with a chance at becoming a leading global player in cannabis, especially given its industry leading [balance] sheet and partnership," he said.Bank of America has a "buy" rating and $27.66 price target for Canopy Growth stock.If you are a cannabis investor that believes the industry is just getting started, I think you can't go wrong owning Canopy Growth stock. My only recommendation would be to hedge your bets by owning ACB stock and at least two or three other cannabis stocks as well.As much as you love Canopy Growth stock and think Canopy will end up as the Coke or Pepsi of cannabis, it is still extremely early in the cannabis game. Especially in the event of U.S. legalization, there will be plenty of demand to support multiple market winners.It's likely most of the smaller names can't beat out Canopy Growth Corp and Aurora directly. But they might make appealing buyout targets down the line.I would recommend all cannabis investors buy Canopy Growth stock, ACB stock and at least two more of their favorite cannabis plays for a more diversified approach to the market.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Canopy Growth Stock Needs to Be One of Your Main Cannabis Plays appeared first on InvestorPlace.
- Yahoo Finance
The future of shopping will be by text: Iris Nova CEO
Buying stuff exclusively by text will be the next big thing for consumers, according to Iris Nova CEO Zak Normandin.
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Coca-Cola (KO) Gains But Lags Market: What You Should Know
In the latest trading session, Coca-Cola (KO) closed at $54.77, marking a +0.68% move from the previous day.
- InvestorPlace
Aurora Cannabis Stock Still Eyeing $8
A few weeks ago I shared an opinion on Aurora Cannabis (NYSE:ACB) stock when it had upside potential. The celebration was short since after a just a brief pop, the whole cannabis sector fell apart in heavy selling. ACB, Canopy Growth (NYSE:CGC), Cronos (NYSE:CRON), and ETFMG Alternative Harvest ETF (NYSEARCA:MJ) stocks all fell 10% to 20% in a matter of hours.Needless to say, consequently, the ACB stock bulls left a $3 potential spike on the table. The good news is that they have since found footing and now again there is another upside opportunity in the making.The pot stocks are still in the process of recovering the losses. Aurora Cannabis stock looks relatively strong among them in this effort. Even with its recent misfortunes, Aurora Cannabis stock is still up 21% year-to-date. So a few bad days on a chart don't necessarily kill the whole story of a stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell in Market-Cursed September In my last Aurora Cannabis stock write-up, I also noted that equities in general were headed into geopolitical headline hell, so it was a risky trade at the time. The idea was that ACB had support below $6 per share so that the bulls had a solid base from which to spring.The good news is that this latest test proved that support held. In spite of resistance above, there should be another attempt at a rally in ACB stock even from here. Aurora Cannabis Stock Still Eyeing $8For almost four months, Aurora Cannabis stock has slid inside a descending channel of lower highs and lower lows. This last dip from mid-August may have forced the issue because it formed a short-term bottom.If so, then all the ACB bulls need to do is maintain a series of higher highs to close above $6.4 per share. Then they would retake the reins and have the opportunity to finally breakout from the descending trend. The result would be the opportunity to target $8 per share or higher. Aurora Cannabis is a momentum stock so it runs fast enough that they could plow through resistance.I caution against heavy conviction in this trade. The fundamentals for ACB and the entire sector are horrendous. ACB stock sells at 140 times sales so it is very bloated from the traditional sense. Unless the investor knows otherwise, I treat this like a trade and not an investment and set tight stops.The important levels below are between $5.9 and $5.6 per share. Below that and ACB could easily lose another dollar, so traders need to be nimble on bad days. Because just like there is upside potential to $8, there is downside risk to $5 or lower.The mid-term technical oscillators and price-to-moving-averages relationships support the theory that there is an upswing in momentum brewing: One that could fuel this rally in Aurora Cannabis stock. Experts in the field remain unanimous in their optimism.But again I caution about the nature of the opportunity. This is a speculative stock. Unless the timeline is long for the bet, traders need to be spry and aware of the levels. Bottom Line on ACB StockThese are risky stocks. This is nothing against ACB, but this industry didn't even exist just mere months ago. Furthermore, it is still illegal in the United States. Yes, there are states that have legalized marijuana but the federal government still has not followed suit.The enthusiasm on Wall Street for these stocks stems from the wide application for cannabis. Recreational use is already popular but investors' interests extend far beyond that. Companies from all industries are interested in cannabis including the medical, cosmetics, dermatology, beverage, food, and many more industries. It's only a matter of time before it finds its way to retail store shelves.Long term, the game changer source of optimism will probably be a favorable change in U.S. federal law. Imagine what ACB stock and its brethren would do if the U.S. follows Canada and legalizes cannabis nationwide.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Aurora Cannabis Stock Still Eyeing $8 appeared first on InvestorPlace.
- Business Wire
The Coca-Cola Company Announces Timing of Third Quarter 2019 Earnings Release
The Coca-Cola Company today announced it will release third quarter 2019 financial results on Oct. 18 before the New York Stock Exchange opens. The release will be followed by an investor conference call at 8:30 a.m.
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3 Reasons the Best of the Coca-Cola Stock Rally May Be Over
Shares of global beverage giant Coca-Cola (NYSE:KO) have been on a huge run in 2019 as investors have looked to play defense against the backdrop of slowing global economic expansion, escalating trade tensions and plunging global yields. Year-to-date, KO stock is up about 15% -- marking the stock's best nine-month stretch in over three years.Source: Fotazdymak / Shutterstock.com But here's an interesting fact which may dampen enthusiasm in the bull camp. The last time KO stock was this hot for this long was back in May 2016. Over the subsequent nine months into February 2017, Coca-Cola stock lost nearly 10%.In other words, the last time KO stock was this hot for this long, it went cold. Naturally, the question now becomes: Will history repeat itself?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI think so. At current levels, Coca-Cola stock looks overextended for three big reasons. First, the fundamentals underlying KO stock have a tough time justifying a $55 price tag. Second, the favorable optics, which have pushed KO stock higher year-to-date, could turn unfavorable in 2020. Third, the technicals point to the idea that KO stock is out over its skis in the near term.The best of KO stock may be in the rear-view mirror. Going forward, a stretched valuation, deteriorating optics and extended technicals will challenge KO stock. KO's Valuation Is Due for CompressionThe valuation underlying Coca-Cola stock is stretched in the near term and due for compression.In the big picture, Coca-Cola is a winner. The company has found a winning formula of leveraging its robust access to beverage consumption data to identify secular shifts in the global beverage industry. Coca-Cola then identifies up-and-coming brands aligned with those secular shifts, invests in them, gives them global distribution, sees which ones do well on a global scale and then wholly acquires those winners. * 10 Stocks to Sell in Market-Cursed September At the end of the day, Coca-Cola is basically just a global beverage brand aggregator which, through data-driven mergers and acquisitions, will forever be at the epicenter of the global beverage industry.That's the good news. The bad news is that this industry is just a mid-single-digit growth industry. Coca-Cola's margins are largely maxed out, and KO stock trades at a rather rich 24-times forward earnings multiple. Modeling that out, Coca-Cola reasonably projects as a roughly 5% revenue grower and roughly 10% profit grower over the next several years (after considering buybacks). That pegs 2025 earnings per share near $3.50.Based on a soft drink stock average 24-times forward multiple, that implies a 2024 price target for KO stock of $84. Discounted back by 7% per year (three points below 10% to account for the yield), that equates to a 2019 price target of about $55 -- implying zero upside potential over the next few months. The Optics Could Turn SourOne of the big drivers of Coca-Cola stock's outperformance in 2018 and 2019 has been investor fear.Specifically, over the past 18 months, there has been an exceptional rise in investor pessimism regarding future economic growth prospects, mostly thanks to escalating trade tensions and slowing global economic expansion. As investors have grown fearful of future economic growth prospects they have piled into safe haven assets. Coca-Cola is widely perceived as one such safe-haven stock, mostly because regardless of which way the global economic winds blow, consumers everywhere still have to drink.This fear-driven tailwind could dry up soon and reverse course in 2020.This is thanks to two things. First, trade tensions are calming. While it is unlikely that a resolution is right around the corner, it's also unlikely that either side ups the ante much more going forward. Second, the global economy is starting to show signs of life again. The Organization for Economic Co-operation and Development's global composite leading indicator is showing signs of stabilization through moderating declines. At the same time, central banks globally are cutting rates and considering stimulus programs.The global economy may actually reaccelerate in late 2019 and into 2020. If it does, investors will unwind their fear-driven trades. One such trade was piling into KO stock, despite the extended valuation. As that trade unwinds, KO stock could drop over the next few months. Coca-Cola Stock May Be Approaching a PullbackOver the past several years, KO stock has traded within a well-defined band, with a support line of higher lows and a resistance line of higher highs. Any time the stock has plunged below the support line, it has rebounded. Any time the stock has soared above the resistance line, it has sold off.Right now, KO stock is breaking above the resistance line in a big way. Either Coca-Cola stock is breaking out of this trading range and is ready to establish a new uptrend, or the stock is due for a pullback towards the support line.Given the unfavorable fundamentals and optics, I think the right interpretation of the technicals here is the latter. Bottom Line on KO StockCoca-Cola stock is a great long-term investment. But, in the near term, the fundamentals, optics and technicals all imply that KO stock is overextended. As such, while KO stock will move higher in the long run, the next big move in the stock will likely be lower, not higher.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 * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 3 Reasons the Best of the Coca-Cola Stock Rally May Be Over appeared first on InvestorPlace.
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