General Electric (NYSE: GE) and Coca-Cola (NYSE: KO) are two iconic companies that operate in vastly different industries, but they have a lot in common so far in 2021.
Both hope that the COVID-19 vaccination rollout will lead to a reopening of the economy and increased consumer mobility. That would be great news for General Electric’s aviation business (mainly commercial airplane engines) and also for Coca-Cola’s sales via the away-from-home market (restaurants, hotels, etc.) Also, both companies are restructuring their businesses in pushes to generate more earnings and free cash flow (FCF).
But which iconic company is likely to be the better value for investors to add to their portfolios now?