$PEP - WATCHLIST -
Added 2025-05-20 19:32:57 +0000 UTC$PEP missed on Earnings and dropped the following week but we can see that it has so far found support on the 2021 low, which is in between the 0.618 Fib and 0.78 Fib, so the pull back has been strong and in the area where we would expect it to complete soon.
Downside risk is still the 0.78 Fib at $121 and they have said that the Trade War has disrupted their supply chains for this year....but when this issue is resolved, we could be looking at a $KO but undervalued.
$PEP also has a +4.3% dividend too and has healthy fundamentals and has not followed the market higher over the last 2 years.
Risk v Reward is looking good here to join the other legacy companies for a turn around soon, like $NKE.
Comments
Pepsi “food” company also under attack by RFK
PSK
2025-05-21 02:16:55 +0000 UTCEarnings call and guidance was not that great though.
Tejas
2025-05-21 00:39:38 +0000 UTC
