TRENDING KEYWORDS
Coca-Cola (COKE, $330.66) to drop energy drink line in the US and Canada
Beverage behemoth Coca-Cola said that it’s dropping its energy-drink line in the U.S. and Canada -- less than 18 months after launching it.
Coca-Cola Energy began to be sold in January 2020. But Coke Energy accounted for only 0.7% of U.S. energy-drink sales as of Dec. 31, according to Beverage Digest. Coke will stop sales of Coke Energy in the U.S. and Canada by year-end, the company told The Wall Street Journal. However, it will still be sold overseas.
"Our strategy is focused on scaling big bets across a streamlined portfolio,” a company spokeswoman told Reuters. “As we scale our best innovations quickly and effectively like AHA and Coca-Cola with Coffee, we need to be disciplined with those that don't get the traction required for further investment.”
COKE in upward trend: price rose above 50-day moving average on May 06, 2022
COKE moved above its 50-day Moving Average on May 06, 2022 date and that indicates a change from a downward trend to an upward trend. In 27 of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 75%.
Current price $582.51 is above $464.86 the highest resistance line found by A.I. Throughout the month of 04/25/22 - 05/25/22, the price experienced a +20% Uptrend. During the week of 05/18/22 - 05/25/22, the stock enjoyed a +19% Uptrend growth.
The Momentum Indicator moved above the 0 level on May 19, 2022. You may want to consider a long position or call options on COKE as a result. In 62 of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 69%.
The Moving Average Convergence Divergence (MACD) for COKE just turned positive on May 05, 2022. Looking at past instances where COKE's MACD turned positive, the stock continued to rise in 32 of 45 cases over the following month. The odds of a continued upward trend are 71%.
The 10-day Moving Average for COKE crossed bullishly above the 50-day moving average on May 13, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 67%.
The 50-day Moving Average for COKE moved above the 200-day moving average on May 17, 2022. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +7.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where COKE advanced for three days, in 231 of 333 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where COKE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 65%.
COKE broke above its upper Bollinger Band on May 24, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for COKE entered a downward trend on May 10, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 68%. During the last month, the daily ratio of advancing to declining volumes was 1.84 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 8 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 12 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 20 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. COKE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 69 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.793) is normal, around the industry mean (4.727). P/E Ratio (23.810) is within average values for comparable stocks, (42.712). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.081). COKE has a moderately low Dividend Yield (0.002) as compared to the industry average of (0.031). P/S Ratio (0.961) is also within normal values, averaging (2.814).
Non-alcoholic drinks include traces of alcohol or low alcohol content or without alcohol or alcohol removed. Functional Beverages, Carbonated Soft Drinks (CSDs), Sports Drinks, Fruit Beverages, and Bottled Water are some common types of non-alcoholic beverages. The largest segment in this market is soft drinks (think Pepsi and Coke). Many established companies in this space have also been stepping up production of low to zero-calorie varieties in recent years, to cater to a rising number of health-conscious consumers. Coca-Cola Company, Pepsico Inc, Keurig Dr Pepper Inc. and Monster Beverage Corporation are some major non-alcoholic beverage makers.
The average market capitalization across the Beverages: Non-Alcoholic Industry is 17B. The market cap for tickers in the group ranges from 7.8K to 272.5B. KO holds the highest valuation in this group at 272.5B. The lowest valued company is NTEI at 7.8K.
The average weekly price growth across all stocks in the Beverages: Non-Alcoholic Industry was -3.45%. For the same Industry, the average monthly price growth was -8.77%, and the average quarterly price growth was 12.7%. COCSF experienced the highest price growth at 10.15%, while QENC experienced the biggest fall at -41.67%.
The average weekly volume growth across all stocks in the Beverages: Non-Alcoholic Industry was -27.91%. For the same stocks of the Industry, the average monthly volume growth was 36.86% and the average quarterly volume growth was 52.84%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 48%. During the last month, the daily ratio of advancing to declining volumes was 1.05 to 1.
16 stocks in the group of tickers confirmed the negative outlook based on the Declines indicator with average odds of 62%.
The most notable companies in this group are Coca-Cola Company (NYSE:KO), PepsiCo (NASDAQ:PEP).
The average market capitalization across the group is 24B. The market cap for tickers in the group ranges from 0 to 277.5B. KO holds the highest valuation in this group at 277.5B. The lowest valued company is AQUI at 0.
The average weekly price growth across all stocks in the group was 0.52%. For the same group, the average monthly price growth was -8.05%, and the average quarterly price growth was 30%. COKE experienced the highest price growth at 19.16%, while FTFT experienced the biggest fall at -13.45%.
- 5/20/22 5:28 AM: Coca-Cola (KO, $60) was a top loser this week, declining -6.99%
- 5/20/22 5:28 AM: Pepsi (PEP, $161.2) was a top loser this week, declining -5.4%
- 5/20/22 5:28 AM: Bevcanna Enterprises (BVNNF, $0.07) was a top weekly gainer, with a +8.98% jump
The average weekly volume growth across all stocks in the group was 584.29%. For the same stocks of the group, the average monthly volume growth was 249.33% and the average quarterly volume growth was 721.96%
- 5/12/22 5:33 AM: The volume for Alkaline Water Company (The) stock increased for a consecutive 5 days, with an average daily gain of 223%
- 5/11/22 7:39 AM: The volume for Alkaline Water Company (The) stock increased for four consecutive days, resulting in a record-breaking daily growth of 244% of the 65-Day Volume Moving Average
- 5/10/22 5:30 AM: The volume for Alkaline Water Company (The) stock increased for one day, resulting in a record-breaking daily growth of 222% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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