Coca-Cola: re-taking the all-time highs

Coca-Cola: re-taking the all-time highs

2021-02-09 • Updated

Coca-Cola releases its earnings report on Wednesday, 15:30 MT time.

The expected EPS differs among observers between $0.41 and $0.42, and the revenue forecast is $8.61bln.

Generally, Coca-Cola is a champion. It never failed on an ever-increasing dividend through the last half-century, it produces four out of five most popular soft drinks in the world, and it stays in the Top-5 chart of the US Super Bowl commercials. Yet, it suffered the hit of the virus. The abovementioned estimations take that hit into account. Nevertheless, most observers agree that this stock is a buy in the long-run, given the strong fundamentals it has to rise in normal circumstances – which are pretty much getting back to normal. In keeping with this, if Coca-Cola outperforms the expectations, it will definitely beat $51 and take the uptrend to its all-time high of $55. In the meantime, the current price of the stock may offer a very handy moment to enter the market.

Now, in case you didn't know, you can trade stocks with MT5 or FBS Trader!

COCA-COLADaily.png

Similar

Stocks To Watch For March
Stocks To Watch For March

During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera