Stocks started strong this morning with the major averages at or near record highs. The Nasdaq closed at a record high yesterday and looked for a continuation of that strength in early trading. The Dow and the S&P were also looking for continued strength.
Our trade alert for today highlights a stock that has received numerous upgrades recently as earnings estimates trend higher in anticipation of the company’s upcoming Q2 call. Read on to find out why you may want to scoop up some shares of this stock in the coming days.
Teeka: “Buy this ticker ASAP!”
Experts projecting gains as high as 1,530% by the end of 2021! [Get the name and ticker symbol here.]
The world’s largest beverage maker, Coca-cola (KO), is seeing improvement in take-home and on-site sales as Covid-related restrictions are gradually being lifted. Attendance at sporting events and entertainment venues is starting to ramp up and will likely contribute a bump in sales in the next few quarters.
Earnings estimates have been trending higher in anticipation of Coca-cola’s upcoming Q2 earnings call. The company has a long established positive earnings history. For the past 6 straight quarters KO has topped earnings estimates. Impressively, for the past two quarters the company has boasted an average earnings surprise of 12.32%.
The stock has been the recipient of a string of upgrades since KO’s last earnings call. Most recently, Zacks Investment research upgraded the stock from Hold to Buy in a note issued to investors yesterday.
According to Zacks, “Shares of Coca-Cola outpaced the industry in the past year, thanks to its robust earnings surprise trend that continued in first-quarter 2021. This marked the sixth straight quarter of earnings beat. Additionally, the top line beat estimates after reporting a miss in the prior-quarter. Also, revenues grew 5% year over year, while organic revenues were up 6%. The company’s top line benefited from better price/mix and an increase in concentrate sales. Gains from aggressive cost management aided margins. The company is poised to gain from the streamlining of portfolio and accelerating investments to expand digital presence. However, continued pressures in the away-from-home channel, which account for nearly half of its revenues, affected revenues. Also, gains in the global value share in NARTD beverages was offset by negative channel mix.”
The company is expected to report Q2 earnings on August 3rd. Of 26 analysts polled, 16 rate the stock a Buy and 10 rate it a Hold. There are no Sell ratings for KO stock. A median price target of $60 represents an upside of 11.36% over the next 12 months. The stock also sports a 3.12% dividend yield.
Where to invest $1,000 right now...
Before you consider buying Coca-cola, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Coca-cola.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
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