Stocks making the biggest moves premarket: Reddit, Applied Materials, Sandisk, Wayfair & more

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Stocks making the biggest moves premarket: RDDT, AMAT, SNDK, W Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Reddit The social media platform surged 12% after S & P Dow Jones Indices said Reddit would join the S & P 500, starting Aug. 18. The company will replace AvalonBay Communities. Applied Materials Shares lost more than 5% in premarket trading after the semiconductor manufacturing equipment maker posted Q2 results that failed to impress investors. The company earned an adjusted $3.50 per share on revenue of $9.12 billion. Sales within its key semiconductor systems division came in at $7.04 billion, only slightly above a FactSet consensus of $6.96 billion. Wayfair The online furniture retailer gained 4% after getting an upgrade from Bernstein to outperform from market perform. ""In a furniture market that is not growing, Wayfair i...

This is Why Morgan Stanley Believes The Coca-Cola Company (KO) is a Top Beverage Stock To Buy

This is Why Morgan Stanley Believes The Coca-Cola Company (KO) is a Top Beverage Stock To Buy Abdul Rahman Mon, June 29, 2026 at 4:55 AM PDT 2 min read KO PEP Coca-Cola (NYSE: KO ) is one of the best stocks to buy now for good returns . Recently, Morgan Stanley touted Coca-Cola (NYSE:KO) as its top stock pick in the US beverage sector. The investment bank maintains an Overweight rating on the stock, impressed by strong long-term organic growth prospects on the back of positive short-term developments. The Coca-Cola Company (KO) Remains One Of Warren Buffett's Oldest Stock Picks Pixabay / Public Domain According to the investment bank, the company's Fairlife sales growth in the US has accelerated over the last six weeks due to incremental capacity expansions. Additionally, the company continues to demonstrate strong pricing power compared to its consumer packaged goods peers. Consequently, it boasts a greater competitive advantage than rivals PepsiCo and Keurig Dr. Pepper. While Coca-Cola trades at a 5% next 12-month price-to-earnings premium versus peers, Morgan Stanley sees greater short-term visibility given the ramp-up at Fairlife and favorable competitive dynamics. In addition, it expects the company to benefit from a more favorable price-to-cost gap following the recent geopolitical developments compared to consumer packaged goods peers. It expects continued pricing, mix, and volume growth opportunities, above those of large-cap peers. The Coca-Cola Company (NYSE:KO) is a total beverage corporation that manufactures, markets, and sells nonalcoholic beverage concentrates and syrups, as well as alcoholic beverages. It operates in over 200 countries, supplying beloved brands such as Coca-Cola, Sprite, Fanta, Dasani, Powerade, and Costa Coffee. While we acknowledge the potential of KO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 15 Best AI Stocks Under $10 to Buy Now and 8 Best Stocks to Buy According to Billionaire Barry Rosenstein . Disclosure: None. Follow Insider Monkey on Google News . Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info

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