Coca-Cola Stock (KO)

* Market breadth has improved. * The Russell is crowing relative to the senior averages. * Bonds can’t rally. * Financials can’t hold their gains. * Many large-cap tech stocks continue to show signs of rolling over. * It is all $NVDA, all the time. * On the other hand, consumer non-durables ($KO, $PEP, $PG, …

I am further reducing consumer staples exposure on the strong move today and over the last week — $PEP, $PG, $KMB and $KO. These stocks have been reasonably good performers and stalwarts in a backdrop of volatility. The recent advance has reduced the reward vs. risk. Position: Long PEP (VS), PG (VS), KMB (VS), KO …

* TGIF! With three hours left in the trading week, markets seem to meandering (though they have recovered about half of yesterday’s decline. Breadth is uninspiring and so is the volume low. The indices full of sound and fury — gapped higher, retreated, advanced and are stable now. The algos seem quiet with some strength …

Coca-Cola ($KO) beat earnings per share expectations by $0.04, beat revenue expectations and raised its fiscal 2026 organic revenue growth and comparable EPS growth guidance. Not surprisingly, I expect a positive market response to the release, which should have a collaterol benefit to PepsiCo ($PEP). Here is the complete release. Coca-Cola Reports Second Quarter 2026 Results …

Breadth mixed (but sector divergences are wild), trading inconsistent and swinging wildly intraday: * Despite the evisceration of tech yesterday, there are few tech stocks higher on the day — Google ($GOOGL) (DJIA inclusion), Amazon ($AMZN), Apple ($AAPL) League leading hitter, Nvidia ($NVDA), has cracked to the downside some fractal support * Hard reversal lower …