Coca Cola Expected to Report Weaker Third Quarter Earnings
Jim Cramer prefers Coca Cola over PepsiCo when it comes to growth.
Coca Cola (KO) - Get Report is expected to report weaker third-quarter earnings, and Jim Cramer says the company is faced with slowing growth as carbonated beverages fall flat. Cramer says on the plus side, the stock has a decent yield and the company could possibly cut costs. But, he adds that Coca-Cola is trailing PepsiCo (PEP) - Get Report in terms of growth, as PepsiCo has diversified its business. Cramer says he likes Coca Cola's CEO, but the company is playing defense and has to do more than that.
