What a terrible day for PEP stock. Almost all stocks are up except for a few. Pep is one of the few that is not moving up. Could it be, that next weeks earnings are not going to be good? If they aren't, this stock will go to $65.00.
I've been trading PEP and KO and i just bought KO thurs. and got stuck in it Fri. because i thought it would go higher. instead it went lower. People are saying it's because of options expiration and possibly they sold defensive stocks where they already made money to buy the beaten down stocks where they had a better chance of making more money on a up day. KO, even though it had good earnings is down more than PEP. I think they will both be higher Mon, I hope. Good Luck.
No, check KO, PG, etc... $$$ are simply shifting out of all largecap consumer staples and into financials and tech during these rallies. If you think the rally is for real and we're headed back to 14k on the Dow, get out of PEP and into the high fliers. Personally, I'm using this opportunity to sell smallcap tech that I was buying earlier this year, and rotating into PEP among others.
I was trading PEP and KO yesterday and I have KO from yesterday and i'm down huge. I heard on the KO message board that today is options expiration. I hope they both go back up today or monday. Good luck.