Pepsi (PEP) beat and raised guidance this morning. That’s a good thing as I’d be worried since we got pretty bullish over the past two weeks, buying at the “bottom”. It might not be the bottom, of course, that all hinges on this month’s earnings reports as we’re already two weeks into Q3 – can you believe it? Though the economy is weak, the weakness is mostly coming from too much demand for not…
Source
