KO Coca-Cola and the E. coli outbreak linked to McDonald’s

29 Okt 2024

If you haven`t bought the dip on KO:

Now you need to know that Coca-Cola (KO) could see a decline due to the E. coli outbreak linked to McDonald’s, as the two brands have a longstanding partnership, with Coca-Cola products being served widely in McDonald's restaurants.

Negative publicity impacting McDonald's could indirectly affect Coca-Cola by reducing in-store traffic, which may lower beverage sales.

Additionally, Coca-Cola's association with fast food means that consumer sentiment shifting towards healthier options could further impact sales.

If the outbreak spurs changes in public dining behavior, Coca-Cola may face a temporary decline in demand across other food service venues, potentially impacting its stock performance.

5 Nov 2024

Dagangan ditutup: sasaran tercapai

KO is oversold on the daily timeframe. RSI at 19. We might see a technical rebound from here.