Is Coca-Cola Stock Recession-Proof?
For instance, the shutdown measures that governments around the world have taken to minimize the spread of the novel coronavirus have taken a toll on Coca-Cola (NYSE: KO). If economic activity remains depressed and high unemployment does not come down quickly, how will Coca-Cola fare? Coca-Cola is the world's largest non-alcoholic beverage company, selling water, sports drinks, and, of course, soda.