Coca-Cola ready to pop higher? [Video]
|Coca-Cola is a well-known blue chip US stock that can tend towards gains during recessions. As a consumer staple, the thinking goes that most western consumers can still afford a soft drink even though times are tighter. So how will Coca-Cola do this year?
From a seasonal perspective, the company has a great seasonal bias. The company has gained 20 times in the last 25 years between March 13 and June 4. The average return has been 6.16% and the maximum gain has been over 20%. Is this now the time to consider buying into Coca-Cola as this strong seasonal pattern approaches?
Major trade risks: The major trade risk here is that there is some negative news for Coca-Cola.
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