Coca-Cola Stock Soars to a New Peak. Here's Why I'm Doubling Down.
It's been a rough past few weeks for investors. Although stocks are up from last week's low, the S&P 500 is still down quite a bit from July's peak. It's also possible that the market could make a lower low before all is said and done.
Not every ticker is on the defensive, though. A handful of stocks are at or near record highs, because investors understand these few names offer something that most other stocks don't right now -- relative safety -- and so folks are filing into such companies just in case the recent market weakness is an omen.
Coca-Cola (NYSE: KO) is one of these names. And I'm buying more of it despite the recent run-up. Here's why you might want to do the same.
Source Fool.com
