Coca-Cola was founded in 1886 in Atlanta, Georgia, by a pharmacist named Dr. John Stith Pemberton.
Over the nearly 150 years of its existence, the brand has grown to be known and loved worldwide.
Despite its global saturation, the company is still growing like a weed.
In 2024, it grew revenues by 12% and increased its operating margin by 90 basis points to 24%.
The management team provided stronger-than-expected guidance for 2025 during Tuesday's conference call with investors and analysts.
The market loved it and rewarded the stock with a higher stock price.
Let's talk about what else happened 👇
Here are the latest earnings reactions from the S&P 500:
*click the image to enlarge it
DuPont de Nemours $DD beat its expectations and rallied nearly 7% with a reaction score of 5. They didn't just report a great quarter; the management team also provided better-than-expected guidance.
In addition, it announced the acceleration of the intended spin-off of its electronics business, which is targeted for November 1st, 2025.
Ecolab $ECL beat its expectations and rallied over 6% with a reaction score of 4.8. The U.S. continues to be the largest and most profitable region, and it's expected to stay that way for the foreseeable future.
S&P Global $SPGI beat its expectations and rallied nearly 5% with a reaction score of 4.7. It was a fabulous report.
The company's revenues increased by 14% in 2024, led by a 31% increase in the ratings division.
As the cherry on top, they issued guidance that was better than expected.
Fidelity National Information Services $FIS reported mixed results. It fell 11.5%, with a reaction score of -7.1. It was ugly.
The company reported working capital and cash flow issues, which the market didn't like to hear.
In addition, they are facing margin pressures and losing their competitive moat.
Marriott International $MAR beat its expectations but fell 5.4% with a reaction score of -3. This is the stock's 6th consecutive negative earnings reaction.
Now, let's look at some of the best and worst earnings reactions 👇
KO had its best earnings reaction since Q3 2019:
Coca-Cola reclaimed the VWAP anchored to the all-time high and closed above the 38.2% retracement of the prior drawdown.
If KO is above 65.50, the path of least resistance is back toward the former all-time high from last September.
SPGI is trading at new all-time highs after its earnings report:
S&P Global has resolved a multi-month consolidation above a shelf of former highs, making a new leg higher.
If SPGI is above the pivot high from last September, the path of least resistance is higher toward 600.
ECL made a gap-n-go after its earnings report:
Ecolab gapped above a shelf of former highs and closed at a new all-time high. The gap-n-go is our favorite earnings reaction.
If ECL holds above 260, the path of least resistance is higher.
MAR had its 6th consecutive negative earnings reaction:
Marriott International is trading at near all-time highs but is approaching a key Fibonacci extension level.
We expect the stock to experience a significant consolidation/correction at that level.
Until then, we think MAR bulls will buy the dip, and the path of least resistance will remain higher toward 326.
FIS had its worst earnings reaction since Q1 2023:
Fidelity National Information Services gapped below a significant volume shelf after this terrible earnings reaction.
We expect future rally attempts to be capped at this shelf around 77.
The path of least resistance is sideways/lower for the foreseeable future.
