Buy KO by Apr 8, 2026.

Picked up 500 shares of KO @ 67.45. **Thesis:** In a volatile macro environment, capital tends to rotate into defensive names with consistent cash flow. KO generates \~$10B+ in annual FCF, has pricing power globally, and is a dividend aristocrat. **Valuation:** Trading \~23x earnings, roughly in line with historical averages. Dividend yield \~3%. **Catalysts:** Rate cuts, defensive rotation, pricing increases in emerging markets. **Risks:** Strong USD impacts international revenue, declining soda consumption in developed markets. **Position:** 500 shares @ 67.45 …