Coca-Cola Surges 6% After Q1 Earnings Beat, Boosting Defensive Stocks
Coca-Cola (KO) stock rose 6% following a Q1 2026 earnings beat, with $0.86 EPS and 12% revenue growth. The performance triggered a defensive rotation, lifting peers like PepsiCo (PEP) and Keurig Dr Pepper (KDP). The move comes amid a shift from AI stocks to consumer staples.
Topics: AI Rotation Consumer Staples Defensive Stocks Earnings Beat Stock Performance