Is Now the Right Time to Buy Coca-Cola Stock?
Coca-Cola's (NYSE: KO) stock rose 2% on Oct. 25 after its third-quarter numbers easily cleared Wall Street's expectations. The beverage maker's revenue rose 10% year-over-year to $11.1 billion, beating analysts' estimates by $600 million, as its organic revenue jumped 16%. Its comparable EPS grew 7% to $0.69 and topped expectations by a nickel.
That solid earnings beat reinforces the notion that Coca-Cola is still a safe bear market buy, and explains why its stock has stayed roughly flat this year as the S&P 500 declined nearly 20%. But should investors still buy Coca-Cola as inflation, rising interest rates, and a strong dollar continue to rattle the markets?
Image source: Coca-Cola.
Source Fool.com
