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Two Ways To Play: Coke's Fizzy Earnings


Strengthen your portfolio in good times and bad.


It's a KO!

According to Bloomberg, shares of Coca-Cola (KO) are higher this morning after third-quarter profits exceeded analyst estimates. The world's largest soft drink maker reported earnings of $0.83 per share -- $0.06 cents better than expectations -- while revenues rose 9.1% year-over-year to $8.39 billion.

Sales were higher overseas, as the company anticipated a cutback in spending by US consumers. The stock dropped yesterday after PepsiCo (PEP) fell shy of expectations, but shares are making back the losses this morning, trading up 6% in the pre-market. See Toddo's Random Thoughts for more color.

From the Bull Pen: Todd warned that the consumer staples could get hit and they did. But these stocks are still likely to outperform the broader markets headed into the end of the year. General Mills (GIS) may be the better upside choice; sell stops can be set in the $62-64 range.

From the Bear Cave: Bears can consider Lowe's (LOW) for a downside play if the stock can rally to near the $22-23 level. If and when.

Quick Check Around the World

Asian trading closed with the Hang Seng -4.96%, Nikbei 1.06%, Sensex -5.86%, Taiwan -0.86%, Shanghai -1.12% and ASX 200 -0.81%.

Glancing towards Europe, we see the CAC -3.50%, DAX -3.30%, FTSE -3.83%

As of 8:30 a.m. EST, S&P Futures are trading -26 to 976, and Nasdaq futures are -24 to 1341.

A Look At Commodities

Commodities are higher. Crude oil is -3.25 to 75.36. Gold is +0.50 to 839.80. Silver is -0.305 to 10.745, and copper is +8.15 to 240.95.

The dollar index is +0.109 to 81.472.

On the Radar


September PPI m/m -0.4% vs. -0.4% consensus, prior -0.9%
September PPI y/y +8.7% vs +8.6% consensus, prior +9.6%
September Retail Sales -1.2% vs -0.7% consensus; prior revised to -0.4% from -0.3%
September core PPI m/m 0.4% vs. 0.2% consensus, prior 0.2%
September Core PPI y/y +4.0% vs +3.8% consensus, prior +3.6%
September Retail Sales Ex-Autos -0.6% vs -0.2% consensus; prior revised to -0.9% from -0.7%
October Empire Manufacturing -24.6 vs -10.0 consensus, prior -7.4

Good luck today!

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No positions in stocks mentioned.

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