CFRA raised PepsiCo’s (PEP) rating to strong buy from buy, and raised its price target to $190 from $180. Garrett Nelson compares PEP to other food and beverage stocks such as Coca-Cola (KO), Keurig Dr. Pepper (KDP), and Mondelez (MDLZ). Tom White then joins to demonstrate an example trade using PEP. Th trade type is a call calendar and the direction is bullish. He also demonstrates an example trade using KO. The trade type is covered call the direction is neutral to bullish. Tune in to find out more about the stock market today.
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