The Coca-Cola Co (NYSE:KO), Boeing Co (NYSE:BA), Comcast Corporation (NASDAQ:CMCSA) 3 Stocks to Watch Before the Market Opens Tomorrow
KO: Coca-Cola is facing a threat to its core business as consumer shift away from sugary soda to healthy alternatives. Unlike Pepsi, Coke doesn’t have a snack conglomerate to fall back on when beverage earnings wane. Aggressive cost cutting and strategic initiative have been used to battle the ongoing trend away froms soda. They have paid off for the most part but new concerns surrounding global volatility and Brexit create a new layer of uncertainty.
BA: Last week Boeing announced that it will record three charges this quarter totaling $3 billion before tax and in excess of $2 billion after tax. This could very well result in a loss for the quarter to be reported. However investors will be most interested in how far along Boeing is with Dreamliner production. The Dreamliner expects to be the newest innovation in the airline industry and a long term cash cow for Boeing. Rumored deals with Iran will also provide a much needed to boost to the top line
CMCSA: Comcast has deliver consistent earnings and revenue growth for the past few years. The business is more than just a cable provider but includes NBC, theme parks, and an over the top service. Each of these businesses have performed well lately and with a new deal to acquire DreamWorks in the works, this should help fend off competition. Comcast still faces a number of imminent concerns. Intensifying competition, consolidating related woes and surging programming costs add another burden to its highly leveraged balance sheet.
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