ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

KO Coca Cola Company

62.22
0.29 (0.47%)
Last Updated: 20:05:11
Delayed by 15 minutes
Share Name Share Symbol Market Type
Coca Cola Company NYSE:KO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.29 0.47% 62.22 62.3991 61.72 62.18 5,972,676 20:05:11

MARKET SNAPSHOT: Dow Move Higher Powered By McDonald's, Visa

22/04/2015 6:59pm

Dow Jones News


Coca Cola (NYSE:KO)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Coca Cola Charts.

By Anora Mahmudova and Victor Reklaitis, MarketWatch

Coca-Cola climbs after quarterly results

U.S. stocks staged were trading modestly higher on Wednesday, as investors assessed a number of earnings including better-than-expected profits from three Dow components.

A better-than-anticipated reading on the housing market (http://www.marketwatch.com/story/march-existing-home-sales-rise-61-to-519-million-rate-2015-04-22) also helped lift the markets.

Visa Inc.(V), which jumped 6% in Wednesday trade after news that the Chinese government announced that it would open up its market for clearing domestic bank card transactions, also helped boost the Dow.

In fact, the combined moves in Visa and McDonald's (MCD) were contributing about 30 points to the Dow, while stocks like Boeing Co. (BA) were shaving off about 25 points from the blue-chip index.

The Dow Jones Industrial Average (DJI) was up 56 points, or 0.3%, to 18,066, while the S&P 500 (SPX) rose 9 points, or 0.4%, to 2,106.1. The tech-heavy Nasdaq Composite (RIXF) added 12.5 points, or 0.3%, to 5,027.

Investors are looking to corporate earnings as a guide to the health of the U.S. economy amid one of the busiest weeks for quarterly results. Ahead of the bell, Dow components McDonald's (MCD), Coca-Cola (KO) and Boeing all posted better-than-expected earnings, but noted that costs for some of its jets were rising.

Matt Kaufler, portfolio manager at Federated Investors, said a stronger reading on home sales and earnings that are coming at, or above, expectations are giving some confidence to investors.

"We believe a lot of revisions due to a stronger dollar had been overblown. Investors forget that the stronger dollar has positive as well as negative effects on company earnings and net net it should not be as bad as feared," Kaufler said.

"The market has been trading close to record levels and has an upside bias. However, we would not be disappointed to see the market trade sideways the whole year," Kaufler noted.

"The S&P 500 has been touching this bearish trend line around 2,110...so the market is just waiting to see how the rest of the U.S. earnings will be like before deciding to push higher," said Fawad Razaqzada, technical analyst at Forex.com.

Colin Cieszynski, chief market strategist at CMC Markets, said in a note that "the major advances of the last six months have left major indices fully valued and exhausted for now and in consolidation/digestion mode."

More big names will report after the close of trading, including Facebook Inc. (FB) and eBay Inc. (EBAY). On Tuesday (http://www.marketwatch.com/story/us-stocks-futures-climb-ahead-of-trio-of-dow-earnings-2015-04-21), the S&P 500 and Dow fell 0.2% and 0.5%, respectively, but the Nasdaq closed up 0.4%.

Individual movers: McDonald's gained after its adjusted quarterly profit topped expectations (http://www.marketwatch.com/story/mcdonalds-reports-steeper-profit-fall-2015-04-22), and as the fast-food giant embarks on a turnaround.

Coca-Cola posted better-than-expected profit (http://www.marketwatch.com/story/cokes-results-top-expectations-2015-04-22-74854226) and revenue in the first quarter, helping send its shares up. Boeing'sfirst-quarter earnings also beat forecasts (http://www.marketwatch.com/story/boeing-profit-beats-estimates-sales-fall-short-2015-04-22), with results boosted by strong commercial-jet demand, but shares dipped.

Angie's List (ANGI) shares soared after the company, which operates a website that allows users to review local businesses, said it swung to a profit in the first quarter (http://www.marketwatch.com/story/angies-lists-stock-jumps-after-company-swings-to-surprise-profit-2015-04-22).

Read more about Wednesday's jumpiest stocks in the Movers & Shakers column (http://www.marketwatch.com/story/facebook-mcdonalds-coca-cola-in-focus-wednesday-2015-04-22)

Other markets: Japan's Nikkei stock index closed above 20,000 (http://www.marketwatch.com/storyno-meta-for-guid) for the first time in 15 years, and Hong Kong-listed stocks finished higher. European stocks (http://www.marketwatch.com/storyno-meta-for-guid), meanwhile, were pulling back.

Oil (CLM5) lost ground, but remained above $56 a barrel. Gold futures (GCK5) fell, while the ICE dollar index (DXY) was roughly flat.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Coca Cola Chart

1 Year Coca Cola Chart

1 Month Coca Cola Chart

1 Month Coca Cola Chart

Your Recent History

Delayed Upgrade Clock