May 20, 2022

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Coca-Cola is a "clinic" to buy after profits

Coca-Cola is a “clinic” to buy after profits

CNBC’s Jim Kramer explains why he believes it coca cola It is a diversified and investable stock in the wake of the latest quarterly earnings report.

“I put Coca-Cola in a clinic, to show you how an experienced management team can overcome any challenge you might face,” said the Mad Money host. “This is a long-term strength. This is a large stock to be disposed of.” .

coca cola You mentioned better than expected Monday’s Quarterly Earnings and Returns.

Coke shares rose 1.06%, hitting a 52-week high earlier in the day.

“The quarter is a reminder that sometimes you just want to have the best production companies in irreplaceable positions. … It’s not that Coca-Cola doesn’t have any problems – they deal with the same problems as everyone else – they were able to navigate safely through the woods,” Kramer said.

He attributed the success of Coca-Cola to the famous Topo Chico Hard Seltzer DoorDash Cooperation and other efforts to gain market share and deliver products to customers.

Coca-Cola said it is seeing higher costs for essential supplies such as high-fructose corn syrup and aluminum. But Cramer noted that “the good news is that companies that make cans are finally adding capacity after holding back for so long, mostly because of Covid.”

“If we are to get out of this inflationary spiral, we will either need to see a lot of companies add energy or Federal Reserve You will have to crush the economy. When it comes to Coca-Cola, it’s clear that its suppliers boosting their production is what really matters.”

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