Coca-Cola: The stock looks like the real thing

Shares of Coca-Cola ( KO) could have good upside potential. On a technical basis, Coca-Cola's stock chart is beautiful -- a strong uptrend, with minor, constructive pull-backs and a price that continually stays above the 50-day moving average. The stock recently pulled back - but that was because of short-term institutional investors exiting the stock after a run-up. But there are many more long-term institutions that are adding to their positions. Hence, view Tuesday's pull-back as a Buy opportunity.

The company continues to perform well. On Tuesday, Coca-Cola announced third quarter earnings. The company said it earned 83 cents per share beating the First Call consensus estimate of 82 cents per share. Of course, Wall Street drove the shares lower on the morning of the announcement.