Summary:
- Coca-Cola’s earnings beat analyst expectations.
- The deal between Twitter and Elon Musk is coming to life.
The earnings report posted earlier today by Coca-Cola exceeded investor and market expectations. These favorable earnings came despite their Russian business suspension, they managed to meet their full-year outlook for organic revenue and comparable EPS growth.
The growth seemed to come mainly from increased demand for powerade and Costa coffee. The price increase also came despite the increase in inflation and in costs such as aluminum, high fructose corn syrup and plastic.
The future of Coca-Cola’s stock price is uncertain, it may have managed to weather the inflation and market volatility storms for now, but we may not see the same growth in the next quarter.
Coca-Cola's Price Chart
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Elon Musk and Twitter: It Is evident that the deal originally thought to be improbable, has come to life.
The price of twitter has increased by more than 3% since the market opened this morning. On Sunday the Twitter board met with Elon Musk to discuss in detail his offer to buy Twitter, there are rumors circling saying that the market could see an agreement go through as soon as Monday (today) between the richest man in the world and the very influential social networking service. As a result of this new information (which has not been fully confirmed), the stock price of Twitter opened at 4% higher than its closing on Friday.
Twitter Price Chart
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Sources: investing.com, cnbc.com, Finance.yahoo.com,
