2024-04-30 10:05:00 ET
Coca-Cola (NYSE: KO) is often considered a safe blue chip stock. It owns the world's top soda brand, it generates plenty of cash, and it pays consistent dividends. But over the past 12 months, its stock declined 3% as the S&P 500 rallied 23%.
Emboldened by the prospects of interest rate cuts, many investors flocked toward the market's higher-growth stocks instead of Coca-Cola. However, I believe it's actually the perfect time to buy Coca-Cola's stock for five simple reasons.
Image source: Coca-Cola.
For further details see:
5 Reasons to Buy Coca-Cola Stock Like There's No Tomorrow