PepsiCo (PEP) earnings report indicated $1.86 in EPS and $20.23B in revenue, beating the estimates. PEP stock price is relatively unchanged year-to-date. "With supply chain problems, inflationary environment, and potential for a recession, PepsiCo managed to grow organically. The company looked for cost cutting measures to improve their bottom line," says Kevin Simpson. Next, Tom White discusses a bullish call vertical example trade on General Mills (GIS) and a neutral to bullish covered call example trade on PepsiCo (PEP).