Jim Cramer Discussed These 12 Stocks Amidst The DeepSeek AI Selloff

8. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders In Q3 2024: 69

The Coca-Cola Company (NYSE:KO) is the largest carbonated beverage provider in the world. It is a classic defensive stock that investors tend to flock to during a recession or periods of market turmoil. The Coca-Cola Company (NYSE:KO)’s hypothesis is driven by its volumes shipped, market penetration in the developing world, supply chain efficiencies, and cost control. The shares are up by just 4.6% over the past year as the firm has struggled with declining volumes in China and the Middle East. Cramer commented on the defensive nature of The Coca-Cola Company (NYSE:KO)’s shares:

“But then, the money’s going to go to Coca-Cola. We’re back in that world, which is that, okay, so we need to be a little more defensive.”