Giles Coghlan LLB, Lth, MA
Financial Source
Coca-Cola has a reputation for a stock that is a ‘recession buster’. Why is that? It is because it is thought that even when the wider US economy is shrinking then many US consumers will still be able to purchase a can of Coke. Note that the seasonals are also pretty strong for Coca-Cola right now.
Over the last 37 years between July 18 and December 28, Coca-Cola shares have gained a total of 25 times and lost value 12 times The largest gain was +36.8% and the largest fall was -18.18%. The average return has been an impressive 5.18%.
Will Coke shares gain again during this period?
Major trade risks: Watch out for any very bad news on Coca-Cola to negate this outlook as well as any other major news that harms global sentiment towards US stocks.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Recommended content
Editors’ Picks
EUR/USD retreats below 1.0900 on renewed USD strength
EUR/USD struggles to build on European session gains and trades below 1.0900 in the second half of the day on Thursday. Better-than-expected weekly Initial Jobless Claims data from the US supports the USD, causing the pair to stretch lower.
USD/JPY surpasses 147.00 to print daily highs
USD/JPY maintains its constructive bias well in place and reclaims the area beyond the 147.00 barrier against the backdrop of broad-based risk-on mood, further gains in the US Dollar and higher US yields across the curve.
Gold clings to strong daily gains above $2,410
Gold (XAU/USD) trades decisively higher on the day above $2,410 on Thursday, looking to snap a five-day losing streak. Despite the renewed USD strength and rising US yields, XAU/USD seems to be attracting technical buyers after breaking above $2,400.
Bitcoin price poised for a potential relief rally before continuing its current downtrend
Bitcoin's (BTC) price is recovering from initial weekly losses after a 7% drop on Monday, trading 3.8% higher at $57,245 at the time of writing on Thursday.
Blaring the bear market siren
The market may long for a peaceful passage, but we're gearing up for what looks to be more akin to a rollercoaster expedition. Prepare for a potentially "Turbulent Thursday" and brace for what might become a "Frantic Friday."