Pepsi’s Pullback Reaches Major Support

Pepsi’s Pullback Reaches Major Support

  Back in early July Pepsi exploded to the upside following an impressive second quarter earnings report:  https://twitter.com/GarySMorrow/status/1016695465805516800. PEP reached a new rally high as August began after stretching its post earnings surge to nearly 10%. ...
Has Pepsi Reached A Bottom?

Has Pepsi Reached A Bottom?

The weakness in consumer staples has reached extreme levels this month.  At the early May lows the XLP(Select Sector Consumer Staples Fund)had fallen 17% from the January 2018 peak far out pacing the SP 500’s pullback(-9%).  This steep sell off has created a...
Out Of Favor

Out Of Favor

Consumer Staples… XLP(Select Sector Consumer Staples)Top 5 Holdings: PG:   12% KO:   10.5% PEP:  9% PM:   8% WMT:  7.8% An interesting shopping list.  Hat tip Bespoke...