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Today's Research Reports on Trending Tickers: PepsiCo and New Age Beverages

NEW YORK, NY / ACCESSWIRE / October 2, 2018 / U.S. equities were mixed on Monday after the U.S. and Canada agreed to revise the current North American Free Trade Agreement. The Dow Jones Industrial Average gained 0.73 percent to close at 26,651.21, while the S&P 500 Index closed 0.36 percent higher at 2,924.59. The Nasdaq Composite Index dropped 0.11 percent to close at 8,037.30.

"The biggest risk factor [in the market] is a trade war and we've dialed that down a bit," according to Mike Bailey, director of research at FBB Capital Partners. "I'm not calling for a major correction or a bear market, but I think we're getting a bit ahead of ourselves here,” Bailey added.

RDI Initiates Coverage on:

PepsiCo, Inc.
https://rdinvesting.com/news/?ticker=PEP

New Age Beverages Corporation
https://rdinvesting.com/news/?ticker=NBEV

PepsiCo's stock moved 0.97% lower Monday, to close the day at $110.71. The stock recorded a trading volume of 4,984,358 shares, which was below its three months average volume of 5,081,815 shares. In the last year, PepsiCo's shares have traded in a range of 95.94 - 122.51. The share price has gained 15.4% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $113.11 is above its 200-day moving average of $108.29. Shares of the company are trading at a Price to Earnings ratio of 34.48. Shares of PepsiCo have fallen roughly 1.16 percent in the past month and are down 7.68 percent year-to-date.

Access RDI's PepsiCo, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PEP

On Monday, shares of New Age Beverages recorded a trading volume of 91,280,803 shares, which was above the three months average volume of 9,113,265 shares. The stock ended the day 67.29% higher at $8.95. The share price has fallen 10.41% from its 52 week high with a 52 week trading range of 1.30 - 9.99. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $2.47 is above its 200-day moving average of $2.13. Shares of New Age Beverages have gained roughly 504.73 percent in the past month and are up 312.44 percent year-to-date.

Access RDI's New Age Beverages Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NBEV

Our Actionable Research on PepsiCo, Inc. (NASDAQ : PEP ) and New Age Beverages Corporation (NASDAQ : NBEV ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com