Coca-Cola (KO) Keeps Delivering as Markets Turn Ugly. The Bull Case Still Holds

Coca-Cola (KO) continues to deliver steady performance amid volatile markets, reinforcing its bull case as a top high-quality compounder to own when the macro backdrop is messy. The stock is up about 9% year-to-date, comfortably ahead of the S&P 500’s (SPX) low-single-digit return over the same period, yet I still think Coca-Cola has room to run higher. Coca-Cola is not a hyper-growth story, but that misses the point. This is a global beverage leader with one of the deepest distribution systems