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Coca-Cola's (KO) stock is experiencing its best day in over two years, fueled by strong fourth quarter results as sales volume growth surpasses expectations. The food and beverage giant also managed to navigate concerns about the potential impact of tariffs imposed by President Trump's administration.
Nik Modi, markets managing director at RBC Capital Markets, joins Market Domination to highlight Coca-Cola's robust performance: "I've been covering the stock for almost 20 years. I've never seen their fundamentals in this good of shape. Their marketing, their productivity initiatives, their innovation. So they're in a really, really good spot as it relates to dealing with a lot of these headwinds that a lot of companies are facing right now."
Modi discusses the broader beverage sector, noting the projected effects of Trump's 25% steel and aluminum tariffs and the strengthening US dollar (DX=F). Catch Yahoo Finance's full interview with Coca-Cola CFO and President John Murphy from earlier today.
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This post was written by Josh Lynch