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After four weeks of gains, what can Wall Street do for an encore? We’re about to find out as the earnings parade continues.
Despite nice results this morning from
CocaCola (NYSE: KO), the overall market seems to have lost some of Friday’s fizz. It’s not too surprising when you think about it, considering the amazing rally we’ve had. Nothing goes straight up forever. The same goes for Bitcoin, which took a sharp dive over the weekend along with other cryptocurrencies, though it’s coming back a bit this morning.
KO looked like a bright spot early Monday, citing strong sales were strong for its classic product along with juices and sparkling beverages. It also reiterated full-year guidance. Remember to keep an eye on company guidance this earnings season, which hopefully we’ll see more of after many companies held back on it during the roughest days of the pandemic.