The Coca-Cola Company (NYSE:KO) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer highlighted that the stock was “pushed down hard,” as he stated:
Now, get this, this is one, this is what I’m talking, I’m trying to, see, I gotta get this point through because this is not what we usually do here, but sometimes the market’s bad… Coca-Cola. Okay, now, I don’t drink Coca-Cola… But it was pushed down hard. It’s been going down, down. And then, since this market got bad, it has been nothing but net. It rallied nearly 3% today. Under the previous CEO, James Quincey, whom I love, the company reignited its growth. His successor, Henrique Braun, he’s continuing the ignition. This is a quintessential defensive stock. New high. You know what? You can probably continue to buy Coca-Cola tomorrow morning if the S&P’s down. I want you to reach for Coca-Cola and then just keep buying. I’m not kidding. This was quite a testament to how good the stock’s doing and how great the company is.
The Coca-Cola Company (NYSE:KO) produces and sells beverages, including soft drinks, water, juices, coffee, tea, sports drinks, and plant-based beverages. The company’s major brands include Coca-Cola, Fanta, Sprite, Dasani, Dogadan, Maaza, Minute Maid, and Simply.
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