With over six decades of dividend growth, Coca-Cola Co remains one of the best defensive stocks to buy ahead of a potential AI bubble burst, according to Redditors. The company recently beat Q3 estimates and maintained its full-year guidance. TD Cowen analyst Robert Moskow said the results showed the company can achieve growth with earnings flexibility.
COKE shares are up 25% so far this year. Over the past decade, the company recorded about a 13% CAGR in revenue and managed to power through various downturns and concerns due to its solid core business.
