With the world focused on the Iran conflict and the many ways the crisis could devolve, a defensive investment like Coca-Cola (KO) makes plenty of sense. KO stock isn’t just off to a good start, though its year-to-date performance of almost 8% doesn’t hurt. Further, the Barchart Technical Opinion indicator rates shares as a 40% Buy, pointing toward a bullish bias in maintaining the current trajectory.
For investors unsure of where to park their money, though, the stability of the underlying beverage business — and the tangible rewards that come with it — arguably provides the most appeal. No, the core products aren’t reinventing the wheel. But they serve as a cornerstone of everyday consumer needs. This dynamic has translated into 65 years of consecutive dividend increases, with a forward yield of 2.82%.
