KO - The Coca-Cola Company
| Previous Close | 51.31 |
| Open | 51.25 |
| Bid | 50.92 x 900 |
| Ask | 50.93 x 2200 |
| Day's Range | 50.61 - 51.48 |
| 52 Week Range | 42.96 - 52.19 |
| Volume | 5,586,290 |
| Avg. Volume | 12,251,653 |
| Market Cap | 217.447B |
| Beta (3Y Monthly) | 0.28 |
| PE Ratio (TTM) | 32.40 |
| EPS (TTM) | 1.57 |
| Earnings Date | Jul 23, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | 1.60 (3.26%) |
| Ex-Dividend Date | 2019-06-13 |
| 1y Target Est | 52.00 |
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Cronos Group Stock Is Just Getting Started
The long-term prospects for Cronos Group (NASDAQ:CRON) stock look good. That is, if you ask CRON stock fans. There is almost no convincing them otherwise. Critics of Cronos Group stock and the whole industry can offer smartest arguments to prove that the cannabis stocks are headed for disaster, but it will all fall on deaf ears.Source: Shutterstock The bullish thesis for the industry is so vague and the scope is so widespread that it's almost impossible to kill it this year. It is a multi-headed beast where if the bears chop off one head, many others will stare them down with sharp teeth.Don't take my word for it, just consider the scoreboard. CRON is up 64% year-to-date -- leading the pot stock pack. The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) is up only 30%. And I say this while I chuckle because that's still double the S&P 500 performance for the same period. So CRON is up four times more than the S&P.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Growth Stocks That Could Be the Next Big Thing This is similar to how it was for Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) in their infancy stages. This is also very similar to the current situation with Beyond Meat (NASDAQ:BYND) and even Uber (NYSE:UBER). The bullish thesis for these types of pioneer stocks is too vague to try too short this early.This is not the same as saying that I drank the Kool-Aid think pot stocks will be as successful as AMZN long term. I am merely saying that it's too early to short them. Trading CRON StockSo do I go all in on CRON? No, but still this all depends on individual time frames and risk appetites. One thing is for sure, pot stocks make for great short-term trading vehicles so CRON has opportunities on both the upside and downside. Those who believe in it long term, this is as good as any to buy at least half their position. It is futile to wait for a perfect sign to enter.Mid term, I favor the upside potential through the rest of the year for CRON stock because it established a solid band of support. Since January of 2018, $14 per share played an important role. It served as a major pivot point, so it is an area where bulls and bears are consistently eager to fight it out hard.This creates congestion so it becomes a sticky zone. And since CRON stock price is above it, the bulls can use it as solid footing. Meaning onus is on the bears to break that. Otherwise, every dip towards it is a buying opportunity. Sustaining the selling then becomes almost impossible.So this leaves us with evaluating the upside potential at hand. Earlier I mentioned that there are shorter- term time frames to trade. Above $18 per share, CRON will invite momentum buyers to launch a $4 rally from there. There will be resistance near $20. This sounds like a wild statement, but it is doable for such a momentum stock.I also noted that the $14 per share zone is a long term pivot, but so is $16. Specifically for this year, it served as a major point of contention. So I expect $16 to be the immediate support. For those who like to sell credit put spreads to generate income, that would be a good short-term level to consider.Conversely, there is risk below especially due to trade uncertainties. So we are vulnerable to geopolitical headlines to cause sporadic selloffs. If Cronos stock fills the gap below and falls below $13.5 per share, it could trigger a $2 overshoot. While this is not my forecast, it is a scenario that exist below. The Bottom Line on Pot StocksIt is also important to note that I am not a super fan of the whole cannabis sector. But I do recognize that it's a tough short.This is a brand new industry to Wall Street, and marijuana still illegal at the federal level in the U.S. So it has everything going against it. Yet pot stocks still have so much support from everyone from retail investors to mega corporations. Constellation Brands (NYSE:STZ) and Altria (NYSE:MO) were the first two to dip their toes in the water by throwing billions at Canopy Growth (NYSE:CGC) and CRON so we know that they are the best leading cannabis companies.This is just the beginning.Dozens more companies are waiting and trying to figure out how they can also grab a piece of this pie. We all know about the popularity of recreational pot. But there are the slew of other applications that are extremely interesting. Mainly medicinal, edibles, and portables. There is a strong consensus that people will be drinking pot-infused drinks instead of soda, beer or wine. * 7 High-Quality Cheap Stocks to Buy With $10 I am not here to judge whether this is a realistic goal; it's definitely not in the very near term, but it's not out of the realm of possibilities. So the theoretical addressable market is literally incalculable. So what are the bears shorting? Without any negative headlines Cronos stock is going higher.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 free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Cronos Group Stock Is Just Getting Started appeared first on InvestorPlace.
- Markit•4 days ago
See what the IHS Markit Score report has to say about Coca-Cola Co.
Coca-Cola Co NYSE:KOView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for KO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KO. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding KO are favorable, with net inflows of $12.10 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. KO credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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- InvestorPlace•7 days ago
Twilio Needs to Figure Out How to Land the Rocket Ship
Since coming public in June 2016, Twilio (NASDAQ:TWLO) shares have been a rocket ship for investors. Shares that first traded at $24 three years ago are worth $144.11 as of the close on June 7, a gain of 500%. They're up 860% from the initial IPO price.Source: Web Summit Via FlickrCredit goes to rapid growth for the Web-based communications company, with revenue now rising at 30% every quarter. For the March quarter the company pulled in $233 million, against $650 million for all of 2018.Note that we haven't mentioned profits. There still aren't any. Losses are continuing to increase, as research and selling expenses swallow gross profits that are still more than half of revenue. Thus, the company has launched a $750 million share offering, and allowed underwriters to buy an additional $112.5 million of stock at $133.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the question in cases like this is always, can management land the rocket ship? The Bull Case for TWLO StockThe bull case starts with CEO and co-founder Jeff Lawson, who also co-founded Stubhub and was one of the original product managers at Amazon (NASDAQ:AMZN) Web services.Lawson has been profiled as "the wizard of apps," because Twilio's APIs let companies add fully automated text and voice services to their apps. Twilio software is now used by customers ranging from Coca-Cola (NYSE:KO) to Facebook (NASDAQ:FB). * 7 Stocks to Buy As They Hit 52-Week Lows Investors are betting that Lawson can beat the "bad actors," tracking use of the platform to keep out spammers and robocallers, using machine learning to spot efforts at phishing and abuse. This, and automating protection under Europe's General Data Privacy Regulation (GDPR), helps keep Twilio from becoming a commodity product. Bulls are also betting Lawson can keep spotting good acquisitions like Sendgrid, an e-mail platform purchased last year for $2 billion.Bulls can also point to institutional confidence in Twilio. Institutions now own more than 50% of the common. These investors can usually distinguish between short-term success and sustainability. The Bear Case for TwilioThe bear case starts with the fact that voice, text and e-mail are commodity services, and that this market is shrinking as data calls replace voice calls.Speculators are already seeking options protection for their long positions, concerned that growth has to slow as the market is absorbed.Our James Brumley is among those who insist the company's growth can't be sustained. He writes both start-ups and giant companies like Cisco Systems (NASDAQ:CSCO) can incorporate Twilio's concepts in their apps, and that scale isn't yet leading to profit.This is what I mean about landing the rocket ship. Many companies grow quickly only to falter when it comes time to turn revenue into profit. Securing apps is becoming an increasingly vicious game. The Android operating system of Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google unit was recently infested with adware that can wreck phones, through what had been a reputable app provider.But competing with bad guys is competing. If Twilio can continue to secure its services, real profit becomes possible. The Bottom LineInvestors who have ridden the Twilio rocket ship to this point are right to try to lock in their profits and seek protection, if only because large numbers are harder to grow than smaller ones. With a market cap approaching $20 billion on trailing year sales of $650 million, Twilio is more than fully valued.But I wouldn't hit the panic button just because antitrust officials are going after the Cloud Czars upon whose success apps like Twilio depends. Get your money out, seek protection but know that a hard fall may become a buying opportunity.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Twilio Needs to Figure Out How to Land the Rocket Ship appeared first on InvestorPlace.
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3 Big Stock Charts for Monday: CenterPoint Energy, McKesson and Coca-Cola
That's four big daily wins in a row for stocks, with the S&P 500's gain of 1.05% on Friday. It's still too soon to call it the beginning of a recovery move; it's almost too much, too fast. But, it buys time for the bulls to regroup.Source: Allan Ajifo via Wikimedia (Modified)Microsoft (NASDAQ:MSFT) carried more than its fair share of the weight, rallying 2.8% to cross back above the $1 trillion market cap mark. Weighing the market down was the 1.26% tumble from Bank of America (NYSE:BAC), setting the tone that adversely impacted most other banking names. Concerns of interest rate cuts rattled bank investors, as lower interest rates threaten bank profits. * 7 A-Rated Stocks to Buy Under $10 Neither are especially compelling trading prospects headed into this week's trading action though. Rather, take a look at stock charts of McKesson (NYSE:MCK), Coca-Cola (NYSE:KO) and CenterPoint Energy (NYSE:CNP). Here's why, and what needs to happen next.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CenterPoint Energy (CNP)When we last looked at CenterPoint Energy back on May 15, it had just pushed up and off of its 200-day moving average line, only to run into resistance again. While it could have gone either way at the time, the bears actually had the edge.Since then, the 200-day line failed to keep the stock propped up. Sure, CNP snapped back in early June to cross back above the very same 200-day moving average line. With the shape and placement of Friday's bar, however, it appears CenterPoint shares are back en route to even lower lows. Click to Enlarge * The red flag is Friday's engulfing pattern, meaning the high open and low close completely engulfed Thursday's low/high range. Such a sweeping change of heart is telling. * Simultaneously, the big bearish swing also dragged CNP back below the pivotal 200-day line, plotted in white on both stock charts. * If the selling gets traction, the next likely landing spot is just under $27, where CNP found support for the better part of last year. Coca-Cola (KO)With nothing more than a quick glance, Coca-Cola looks enticing. Shares have been rallying quite well since February's low, seemingly unstoppable. The fact that a long-term resistance line, plotted in white on the weekly chart, was hurdled last week only bolsters the bullish argument.A closer, more thorough look at the weekly chart, however, reveals the advance just bumped into another rather well-established ceiling. Meanwhile, the shape of Friday's bar also suggests we're ready to pivot back into a pullback. * 10 Stocks to Buy That Could Be Takeover Targets Click to Enlarge * Friday's high aligns with the prior two major peaks from KO stock, plotted in red on the weekly chart that's also on the verge of an overbought RSI indicator. * In the daily timeframe, the open and close both near the low of a relatively tall bar, which also suggests a move from a net-buying to a net-selling environment. * While the stage is set, the move won't be complete until we get a confirmation in the form of a lower close. McKesson (MCK)Finally, given its multi-year history, doubting McKesson is on the mend now wouldn't be a tough conclusion to make. And, that may well be the case here despite a couple of bullish curiosities. Nevertheless, those curiosities are worth pointing out, as a recovery effort from here could lead into a major rally effort. Click to Enlarge * Most noteworthy is also the least noticed … not only are we now seeing a bullish MACD convergence, the most recent MACD crossover took place above the prior one. It points to a longer-term advance that needs multiple efforts to get going. * At the same time, notice on the daily chart that all the key moving average lines are about to converge after last year's divergence. The big clue to watch for is the purple 50-day average crossing above the white 200-day line. That's a "golden cross" that suggests more bullishness ahead. * The ultimate ceiling, however, is currently at $135. That's the line that connects all the major peaks since September, marked in yellow on both stock charts.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post 3 Big Stock Charts for Monday: CenterPoint Energy, McKesson and Coca-Cola appeared first on InvestorPlace.
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Fundamentally Unsound New Age Beverages Stock Is Too Risky
If you're a contrarian in the cannabis space, you're likely very intrigued with New Age Beverages (NASDAQ:NBEV). Not only is the underlying plant one of the hottest commodities in the market, cannabis is going mainstream. A particularly attractive subsegment is cannabidiol or CBD-infused drinks. With New Age Beverages specializing in this sector, NBEV stock immediately catches the eye.Others have embraced the idea of CBD beverages. Canopy Growth (NYSE:CGC) and Hexo (NYSEAMERICAN:HEXO) have secured deals with big-time beverage makers. But as InvestorPlace feature writer James Brumley noted, NBEV was the first to hit the market. Almost always, that's better than being the first to have the idea. And with the competition lollygagging, NBEV launched the Marley brand last fall.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSubsequently, NBEV stock soared from $1.53 to just under $10. That paradigm shift occurred over a matter of days. * The 10 Best Stocks for 2019 -- So Far But Brumley is cautious on the longer-term outlook for New Age Beverages stock, and for good reason. Management recently forked over some funds and possibly resources to acquire healthy-products maker Brands Within Reach. Supposedly, it's an "incredible deal." But to Brumley's point, we just don't know the specifics.That immediately raises suspicion. More critically, though, CBD-infused drinks are currently a tough sell. Although the concept is appealing, the retail market itself is filled to the brim with competitors. Plus, the market size is very modest.Investing heavily into this segment will seemingly yield very little reward. As such, investors took their profits and dumped NBEV stock after the announcement, with shares down 15% in the days since the June 3 announcement. To compare, the cannabis-focused ETFMG Alternative Harvest ETF (NYSEArca:MJ) is little changed while the beverage-heavy First Trust Consumer Staples AlphaDEX Fund (NYSEArca:FXG) is up almost 5% in the last few days. NBEV Stock is Fundamentally Stretched WideIn my view, New Age Beverages stock is an awkward play. Despite some obvious challenges, I believe in CBD-infused drinks for the long term.For one thing, the cat's out of the bag politically. In an unusually vitriolic time, both Republicans and Democrats have found surprising consensus in marijuana-related issues. While the federal government still classifies weed as a Schedule I drug, economic tensions also help the green sector in eventually overturning this classification.After all, President Trump can't keep playing hardball with China and Mexico without incurring domestic pain. And that translates into angry voters come 2020.Second, CBD specifically levers compelling evidence for medicinal effectiveness. Sure, medical doctors downplay this evidence because prescribing plants isn't exactly super-profitable. But they can't deny that many patients reported benefits with consuming CBD.Therefore, I'm willing to extend patience to names like Canopy Growth or Hexo. But NBEV stock? That's a tough one. If NBEV simply concentrated on cannabis-related products, I believe the investor community would give them considerable leeway. Cannabis is an unprecedented market, so it makes sense that it receives unprecedented flexibility.But NBEV stock isn't just a CBD competitor. Its acquisition of Brands Within Reach, which includes brands like Nestea and Evian, provides the proof. Instead, New Age Beverages seeks to dominate the broader healthy beverages market.In other words, NBEV has very normal ambitions. Because of that, investors will have normal expectations.One of those expectations is margins: prospective stakeholders will seek outsized profitability metrics. If you look at established beverage-makers like Coca-Cola (NYSE:KO), Pepsico (NASDAQ:PEP), or Monster Beverage (NASDAQ:MNST), they all feature strong margins.As a rule of thumb, beverage-makers should have on average higher margins than food companies. However, NBEV lags significantly in this department. No Outstanding Catalyst for NBEVAnother headwind I anticipate is that no outstanding catalyst bolsters the case for NBEV stock. I'm more convinced about this now after having looked at their website.Like any beverage company, NBEV has their core brands displayed front and center. The problem is, I'm not inspired by any of it. Nor have I heard of any of the brands they carry (outside their recent acquisition). * 10 Stocks to Buy That Could Be Takeover Targets Of course, my anecdotal observation isn't the end all, be all of anything. But I do a considerable amount of grocery shopping. Plus, I'm in the market for healthy beverages. If I can't recognize at least one of these brands, you gotta figure New Age Beverages stock has an uphill battle to climb.And this segues into my final point: I think NBEV stock has a credibility problem. They're competing in a very broad and saturated market. I'm not sure if they have the resources to withstand choppy waters that are surely coming.Although I like the CBD angle that New Age carries, I think there's too many questions. It might work out as a trade, but I'll be watching from the sidelines.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post Fundamentally Unsound New Age Beverages Stock Is Too Risky appeared first on InvestorPlace.
