Changes in US stocks | Performance exceeds expectations and increases annual results guide Coca Cola (KO.US) rises more than 6%

The Zhitong Finance App learned that on Tuesday, Coca Cola (KO.US) opened and rose. As of press release, the increase was more than 6%. Since this year, the stock has performed well, rising about 30% during the year. According to the news, Coca Cola released financial data for the second quarter. Quarterly revenue reached US$13.38 billion, up 7% year on year, higher than analysts' estimates of US$13.13 billion. At the same time, the company raised its annual performance guidelines. It is expected that the annual earnings per share will increase by 9% to 10% compared to the previous forecast of 8% to 9%. Coca Cola's strong long-term cash flow and raised performance expectations directly “added a spark” to the company's contrarian rise when the AI computing power theme plummeted, highlighting the recent shift in global capital to high-quality, low momentum, and abundant cash flow with alpha potential, and the strong fundamental cycle sector and defensive stocks that this year was far less than that of technology stocks.