It's Time to Buy Coca-Cola Stock

Though it's been a good year for major market indices like the S 500 and the Nasdaq Composite, not all stocks have participated in this rally. Indeed, much of the market's gains have been driven by big tech and a huge rise in 's (NASDAQ: TSLA) stock price. Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Tesla shares, for instance, have risen 48%, 32%, 184%, and 100%, respectively, year to date. These big companies' shares played a key role in the S 500 and Nasdaq Composite's 13% and 26% respective gains during this period.

Since the market has relied heavily on certain large companies' share gains for its returns this year, some other stocks are starting to look comparatively cheap. One stock worth a closer look as the rest of the market flocks to tech is Coca-Cola (NYSE: KO). Down 9% year to date, shares appear compelling.

Sure, Coca-Cola might not offer investors opportunities to build generational wealth from its current size. The company's product distribution already spans the globe, reaching billions of customers. Further, it boasts dozens of billion-dollar brands and provides drinks for many of the world's biggest restaurant chains. There's only so much more the company can grow from here.

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Source Fool.com