The Coca-Cola Company (NYSE: KO) is the world’s leading drinks brand owner, headquartered in the USA. Contrary to popular opinion it doesn’t manufacture all of the Coca-Cola drinks, it has licenses and distribution agreements with different ‘Coca Cola’ companies throughout the world.
The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 12.8 points, or 0.2%, to 6,856, while the broader All Ordinaries (INDEXASX: XAO) index gained 15.6 points, or 0.2%, to 7,045.
The Australian stock market has given up all of the gains that it had made in 2023, with the benchmark S&P/ASX 200 (INDEXASX: XJO) losing 56.6 points, or 0.8%, on Monday to 6,844.1, with resources weakness the major culprit. That puts the index in the red by 2.8% for the year.
Revenue for the second quarter came in at US$13.5 billion, nearly US$2 billion above the analyst consensus estimate (which un-coincidentally was almost exactly in-line with the guidance of US$11 billion provided last quarter) and a staggering 101.5% above the prior year’s results.
Warren Buffett is in da house! Owen Rask and Drew Meredith dive into everything you need to know about Warren Buffett on the Australian Investors Podcast.
Gaurav Sodhi is Deputy Head of Research at Intelligent Investor, an investor and prolific investment writer. Given that I have followed him for many years, speaking to Gaurav Sodhi on The Australian Investors Podcast was a real treat for me.
What is Warren Buffett’s investment strategy? In this Warren Buffett inspired video, Rask’s founder and stock market analyst Owen Rask explains the Warren Buffett stock investing checklist.
