Coca-Cola (KO) Outshines Celsius (CELH) as Cramer Recommends Shift
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowJim Cramer recently endorsed Coca-Cola (KO) over Celsius Holdings (CELH) during a live segment on CNBC's Mad Money. This comes as Celsius shares have risen approximately 16% over the past month, driven by an activist investor's actions. However, Celsius reported second-quarter revenue of $817.9 million, falling short of the $886 million analysts expected, and adjusted earnings of $0.36, below the anticipated $0.43. In contrast, Coca-Cola reported adjusted earnings of 97 cents per share and revenue of $13.38 billion, up 7% year-over-year. Cramer's recommendation is significant for investors considering market stability and performance amid fluctuations.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About The Coca-Cola Company (KO)
The Coca-Cola Company is the world’s largest non-alcoholic beverage maker, with a portfolio spanning sodas, water, juice, and coffee.
The Consumer Staples sector covers food, beverage and household-goods companies that tend to hold up in any economy.
Earlier KO news
- Procter & Gamble (PG) Achieves 70-Year Dividend Increase Streak
- Coca-Cola (KO) Europe President Luisa Ortega Sells $4.8M in Shares
- Coca-Cola (KO) Sees 6% Organic Revenue Growth, PepsiCo (PEP) Struggles
- Coca-Cola Europacific Q2 Profit Beats Estimates; Shares Slip 0.5%
- Kospi Index Falls 6% Amid Mixed Asian Shares and Oil Price Surge
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
