And over the past year, Coke has achieved strong bottom-line growth thanks to price increases, proving its brand's power and ability to combat inflation. And although its P/E ratio is high right now, it has made meaningful cost cuts and price increases that set the stage for strong bottom-line results once Clorox has fully recovered from the cyberattack. Companies you can count on in 2024 Coke, Clorox, and Target are three stocks ideally suited for investors whose financial goals include generating a steady stream of passive income.