Boring Market

Coca-Cola proved to be “recession-proof” in our unstable economic times by reporting a nineteen percent gain in first-quarter profit. Their strong international sales carried them through and caused the stock to remain stable.

The Coca-Cola Company is a pillar in the consumer goods sector. Their heritage and legacy along with their defensive approach to this market has not only driven the demand for the product, but also the demand for the company. This diversified conglomerate of the beverage business has not only spread their products across the entire non-alcoholic beverage market, but also outside domestic turf.

I have long supported and thought highly of The Coca-Cola Company and it does not surprise me that analysts are reiterating a ‘Strong Buy’ rating on Coca-Cola and uphold a $72 target price target on this stock. For now the stock price has remained steady, while Wall Street remains optimistic for a rise in price.

Tags: Coca-Cola·Coke·Consumer·Earnings·Market·Recession·Reporting·Stock