It’s been a rough start to 2025.
Big Tech stocks are down. The Magnificent 7 are down. (That’s kind of the same thing.)
And the general market is down.
All told, this first quarter is the worst we’ve seen in three years.
So, is anything doing okay?
Yes.
And it’s an old Buffett favorite: Coca-Cola (KO).
Here’s the chart:
A few weeks ago, it looked like it might break out–but it didn’t.
However, traders are moving back into safety stocks and KO has been showing good momentum.
A break above $73.22 could lead to a big move, especially if the market bounces back.
We’ll keep an eye on it.
Happy trading,
Scott
P.S. Be sure to check out Geof Smith’s Weekly Wrap-Up to get caught up on the week that was!
