This Safe Stock Could Weather the Stock Market Decline
Consumer electronics are set to increase in price as new tariffs take effect, driving down the profits for Microsoft, Nvidia, and other top stocks, perhaps, in the near future.
As the stock market declines in the wake of new tariffs, there are some stocks that could make it through the storm unscathed or perhaps much higher than they are now. These safe stocks are ones that investors should be looking into, even as many of the market’s top players are in uncertain waters right now.
One of the safer stocks that has been a steady gainer for a while is PepsiCo (PEP). Like most of the stock market, this stock was hit by recent tariff increases, and it is currently down 2.74% as the market opens for Wednesday, which is better than it was doing the previous day. Already, investors are starting to flock to non-tech stocks like this one that have proven to be reliable investments.
PepsiCo’s Performance
You should know a few facts about how this stock has performed recently to determine if it might be a good investment for you. In the past three months. PepsiCo’s stock price has moved plenty, but it is now back to where it was around the close of last year. This is not a stagnant stock, and there is plenty of movement, making it a worthwhile choice to look into for investors who want to see short term gains.
At the moment, the stock price is low, but it may not stay low for long. As tech stocks take a beating, PepsiCo could quietly creep higher with improved consumer confidence in stock market mainstays like this one.
Last year, PepsiCo’s adjusted earnings increased by 9%. The company’s management expects that this year the company will see some decent earnings growth as well as organic growth improvements. The recent CPI reading shows that groceries were flat, but that was likely pulled down by the exorbitant price of eggs. PepsiCo is poised to handle the coming stock market and possible recession very well.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals