Coca-Cola Is Crushing the S&P 500 and Nasdaq-100. But There's an Even Better Reason to Buy the Stock in July.
Coca-Cola offers one of the best ways to participate in the stock market while generating reliable passive income.
Overview
As of market close on July 8, the Nasdaq-100, which consists of the 100 largest non-financial companies listed on the Nasdaq stock exchange, is up a rip-roaring 16% in 2026, while the S&P 500 is up 9% year to date (YTD).
Massive gains from chip stocks Intel, Advanced Micro Devices, Marvell Technology, Micron Technology, and Sandisk, as well as semiconductor equipment manufacturers Applied Materials and Lam Research, are driving the indexes to new highs. So it may surprise investors to learn that Coca-Cola (NYSE: KO) is outperforming the Nasdaq-100 and S&P 500 with a 19% YTD return.
Details
Coke hit a new all-time high on July 7, and some investors may feel there's plenty of room to run from here. However, the best reason to buy the dividend stock in July isn't its momentum, but rather what Coke delivers for investors even during times of uncertainty.
Source
Originally published at www.fool.com.