Coca-Cola Hits an All-Time High Despite Market Turmoil. Is the Dividend King a Buy Now?
The major indexes just suffered a historic sell-off eerily reminiscent of the COVID plunge in March 2020. But during a week when most stocks were hitting 52-week lows, Coca-Cola (NYSE: KO) was an exception.Coke hit an all-time high on April 3 before pulling back on April 4. For the week, it was down just 0.6% compared to a 7.9% decline in the Dow Jones Industrial Average (DJINDICES: ^DJI), a 9.1% sell-off in the S&P 500 (SNPINDEX: ^GSPC), and a 10% decline in the Nasdaq Composite (NASDAQINDEX: ^IXIC).Here's why Coca-Cola is holding its ground and whether the dividend stock seems worth buying now.Continue reading
The major indexes just suffered a historic sell-off eerily reminiscent of the COVID plunge in March 2020. But during a week when most stocks were hitting 52-week lows, Coca-Cola (NYSE: KO) was an exception.
Coke hit an all-time high on April 3 before pulling back on April 4. For the week, it was down just 0.6% compared to a 7.9% decline in the Dow Jones Industrial Average (DJINDICES: ^DJI), a 9.1% sell-off in the S&P 500 (SNPINDEX: ^GSPC), and a 10% decline in the Nasdaq Composite (NASDAQINDEX: ^IXIC).
Here's why Coca-Cola is holding its ground and whether the dividend stock seems worth buying now.
