Coca-Cola (KO) has been a hot stock thus far in 2017, something I surely didn’t think I’d be saying a few months ago. The company’s well-received Q2 report has optimism levels high on the stock, not the least of which is due to a new CEO that seems to know what he’s doing. The Q3 report is out in just a couple of days and here are the things I’ll be watching as KO knocks on the door to new highs yet again.
KO is right at its highs once again as it has found itself poking out above prior highs near $45 a few times this year. The most recent attempt sent shares fractionally higher than the September run to $46 but it has come off slightly going into the report. The Q3 release will determine if KO makes another new high this week or if it comes off and either way, it will be a momentous event.
