PepsiCo Stock (PEP)

We aggressively purchased $PEP in the premarket on Thursday and in early trading in the regular session. Pepsico’s shares rose by over +$4 yesterday follwing the EPS and Sales guidedown. Here is a summary of Goldman Sachs’ view of the company: While investors debate whether PEP can grow earnings next year, we take a more optimistic …

Here are today’s things: * I covered all of my Index shorts: $SPY $772.55 and $QQQ $751.41 (for a quick profit from last night). * I am back buying $PEP at $124.88 * I added to $MSOS $4.39, $GTBIF $6.61 and $GLAS $4.99 * I added to $GRNY short at $28.49. Long MSOS common VL …

I plan to move to large-sized $PEP today. Positions: PEP M

Upside – $PROF +19% (preliminary Q3 revenue was about 45%-47% above consensus, with gross margin expected above 70%) – $HAE +14% (no fresh company catalyst confirmed; unusually large move on light premarket volume) – $WOLF +13% (received a conditional commitment for up to $1.5B of 30-year U.S. defense financing, partly offset by warrants for up …

With the expected news out I am buying PepsiCo ($PEP) in the premarket at $124.55. Position: Long PEP (S)