Coca-Cola’s (KO) better-than-expected earnings report on Tuesday could be a sign of what lies ahead for the beverage giant as it rolls out a potential home-run product with Jack Daniel’s whiskey. “I think the Jack Daniel’s and Coca-Cola [ready-to-drink] cocktail could be something interesting,” Wedbush analyst Gerald Pascarelli said on Yahoo Finance Live (video above). “When you just look at the brand equity of the Coca-Cola trademark as well as Jack Daniel’s, and you look at some of the… Source link
Read More »‘Bullish cocktail’ still in play for the stock market: strategists
A strong case could still be made to long stocks even as rising 10-year yields continue to place pressure on certain sectors of the markets, argues Merrill Lynch strategists. “We think the three pillars of the bull market are firmly in place — massive free liquidity, an exceptionally strong EPS growth cycle and substantial market breadth,” Merrill Lynch equity strategists Ajay Singh Kapur and Ritesh Samadhiya co-wrote in a research note on Thursday. They believe a “bullish cocktail” for… Source link
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