The Coca-Cola Company (KO) Might Be Clawing Back Market Share, Believes Jim Cramer

We recently published a list of Jim Cramer Says “We Have No Idea What’s Really Going To Happen” and Discusses These 12 Stocks. In this article, we are going to take a look at where Coca-Cola Company (NYSE:KO) stands against other stocks that Jim Cramer discusses.

The Coca-Cola Company (NYSE:KO) is the largest carbonated beverage company in the world. Cramer has discussed the firm several times this year. In April, he wondered whether the firm’s shares could stick with their momentum as they had managed to weather the storm in the consumer products sector. The Coca-Cola Company (NYSE:KO)’s peer Pepsi has struggled recently as weight loss drugs change the firm’s end-market. The shares are up by 16% year-to-date and have gained 3.8% in May. The gains appear to have come on the back of lowering trade tensions between the US and China. Here are Cramer’s recent comments about The Coca-Cola Company (NYSE:KO):

“I actually like Coke, Coke may be coming back [in] market share.”

As markets sold off in April after the tariff announcements, The Coca-Cola Company (NYSE:KO’s shares actually gained 3% to reflect the firm’s defensive nature. In fact, the share price gain reflected Cramer’s prescience as he had remarked before the tariff announcements:

“In terms of shorting, like if you wanna short, do you short Coca-Cola? No, cause Coca-Cola in 2000, after the NASDAQ broke, was really a terrific stock to own.”

“Look at that April 14th to April 17th 2000 period when we had this dramatic switch. Which was rather incredible, which was the fastest I’ve seen where Coca-Cola went from being a loser to a winner. I think we’re there. Coca-Cola’s having a good quarter.”

Overall, KO ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of KO, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.