PepsiCo: Some Consumers Pushing Back, But Shares Remain Undervalued
PEPPepsiCo(PEP) Seeking Alpha·2024-08-18 20:03
Jonathan Knowles PepsiCo (NASDAQ:PEP) continues to tread water, while the Consumer Staples sector is actually among the top areas of the S&P 500 over the past month. Defensive niches have indeed been preferred by investors as volatility rose and retreated. Despite the 8% S&P 500 incline since the crash low following a weekend of turmoil in the Japanese market two weeks ago, we are still in a bearish calendar stretch. The past two years have featured an uptick in volatility among global stocks from Augus ...