A Bull Market Could Be Here: 3 Reasons to Buy Coca-Cola Stock
Despite healthy rallies in the stock market's top indexes this year, not all stocks have kept up. Consider mighty beverage giant Coca-Cola (NYSE: KO), which has seen its shares trend in the opposite direction, down around 3% so far in 2023. Yet, the soda giant has stood the test of time and provided great long-term value, so investors should be far from worried.
Let's consider three reasons why Coca-Cola's share could be a savvy buy for investors right now.
There's no disputing that Coca-Cola has rock-solid financials. In the second quarter, the soda king made $12 billion in revenue, up 6% year over year. Non-GAAP organic revenue -- which excludes the impacts of acquisitions, divestitures, and foreign exchange-rate changes -- increased 11% year over year.
Source Fool.com
