24/7 Wall St. Insights The bull market rally that started in the fall of 2023 may be coming to an end.
More and more Americans are looking for reliable, long-term stocks to bolster their retirement portfolios. While Americans continue to look for ways to retire younger, it is becoming harder to save for retirement.
The International Olympic Committee should cut its links with longtime sponsor Coca-Cola Co., says public-health organization Vital Strategies, arguing that the move would be in the best interests of athletes, spectators and the planet.
Coca-Cola HBC, the FTSE 100-listed bottling segment of the soft drink empire, was one of the biggest fallers market fallers on Wednesday despite increasing its full-year revenue guidance. Coca-Cola HBC reported organic revenue growth of 13.6% to €5.17 billion (£4.44 billion) in the first six months of 2024, leading to a full-year revenue forecast between 8% and 12%.
Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by its measures to mitigate the impact of high inflation and currency fluctuations.
The case involves transfer pricing, a high stakes issue also at play in IRS fights with Facebook, Medtronic, and Abbott Labs.
Last week's US jobs report caused a market downturn, leading investors to seek defensive stocks like Coca-Cola. The Company's high quality, steady returns, and defensive traits make it a suitable addition to portfolios in uncertain economic times. Despite risks like sugar consumption awareness and raw material price spikes, KO's valuation and quality make it a buy recommendation.
Coca-Cola has turned its business around, and the stock just hit an all-time high. Pepsi's growth is slowing, but the stock remains a great value.
Selling the September 70-strike call option generates an income of 2.06% in just over one month, equaling around 16% annualized.
The dispute covers fiscal years 2007-09, which is when the IRS claimed Coca-Cola should have reported a higher income as a result of international transfer pricing.
A 17-year-old dispute between the IRS and Coca-Cola was found in the government's favor after a tax court judge handed down a $6 billion ruling.
There's no doubt that Coca-Cola has one of the world's strongest brands. Consistent profits in any economy protect its impressive dividend streak.