00:00It's Benzinga bringing Wall Street to Main Street.
00:02Coca-Cola shares rose about 1% in Friday pre-market trading as investors moved into
00:08defensive stocks while Nasdaq and S&P 500 futures declined, according to Benzinga.
00:13The beverage giant's defensive appeal and position near its 52-week high could attract
00:18buyers seeking lower volatility before its July 28th earnings report.
00:22Wall Street expects earnings of $0.93 per share and revenue of $13.15 billion.
00:29Coca-Cola's position above all major moving averages reinforces its long-term uptrend,
00:34as momentum indicators also pointed to improving buying strength.
00:38Analysts maintain a buy rating with an average price forecast of $89.92.
00:43Shares were up 1.02% at $85.79 during pre-market trading on Friday, according to Benzinga ProData.
00:52For all things money, visit Benzinga.com.
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