The price action in an issue during premarket trading following an earnings announcement can often provide clues to how an issue may trade during the regular session. That was the case with Coca-Cola Co (NYSE:KO), which is Tuesday's PreMarket Prep Stock of the Day.
Street Leans Long Into Coke's Report: The price action a few days ahead of an earnings announcement often reveals short-term sentiment ahead of the report. With respect to Coca-Cola, which has a strong rally with the broad market as a catalyst, had a nice two-day rally ahead of its third-quarter report.
