“PEP Earnings Lift Stock Off 6-Year Low, Consumer Pinch Hits Outlook”
PEP is a valuable holding; investors are likely to retain positions and a sector rotation back to PEP is possible soon.
Let's focus on the PepsiCo chart. It was an extremely difficult year for her. Stocks hit their lowest level in six years during yesterday's session. We have some financial results.
The numbers looked better than expected in the last quarter, but forward guidance was the hurdle, yet we are now trading up 2.3%. So, we are recovering some of those losses.