Coca-Cola stock is the only S&P 500 stock to rise that day

Coca-Cola stock was trying to stay in positive territory despite the market sell-off.

Amy Sussman/Getty Images for The Coca-Cola Company

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Coca Cola

the stock was last standing as the market takes what looks like a punch.

Coca-Cola stock rose 0.04% to $61.44 at 11:12 a.m., even as the


S&P500

fell 3.7% and the


Dow Jones Industrial Average

was down 2.8%. With the market as weak as it is, the stock will likely be lower by the time you read this.

Coca-Cola was one of the toughest companies in the market during its liquidation this year, rising 3.7% in its shares in 2022. As a consumer base and a beneficiary of the Covid reopening, Coke seems to offer investors the best of both worlds. It also helps that Coca-Cola issued an upbeat outlook when it reported results in April, helping the company stand out in this tough market.

But with everything collapsing, it will be difficult for Coca-Cola to hold onto its gains, both today and for the year. Still, BofA analyst Bryan Spillane reiterated Coca-Cola stock as his top pick in the Coke system, which includes bottlers. “The Coca-Cola Company emerged from the pandemic with strong profitability and cash generation,” he wrote.

Coca-Cola was also a pick in The Trader column on June 9.

Write to Ben Levisohn at [email protected]

Sallie R. Loera