Retail Stock Picks: PEP, MCK, COST

"Consumers are tightening their belts as they deal with inflationary pressures. Retailers are working through excess inventories as a weak holiday shopping season could lead to inventory issues in 2023. According to Jungle Scout, 54% of holiday shoppers will spend less per person. Diners are pivoting toward fast casual and quick service versus casual dining. PepsiCo (PEP): brand, pricing, and snacks are key profit drivers for the company. McCormick (MKC): season's eating is ahead and starting to see a corner turn on inflation. Finally, Costco (COST): holiday merchandise is out and is the biggest seller of beef in the U.S.," says Chris Versace.

Market On Close

17 Oct 2022

SHARE

ON AIR
8:00 am
Morning Trade Live
12:00 am
Fast Market
REPLAY
1:00 am
Trading 360
REPLAY
2:00 am
Next Gen Investing
REPLAY
education
3:00 am
Your First Trade
REPLAY
3:30 am
Trading 360
REPLAY
4:30 am
Next Gen Investing
REPLAY
education
5:30 am
Your First Trade
REPLAY
6:00 am
Fast Market
REPLAY
7:00 am
Futures
ON AIR
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
3:30 pm
Market Overtime
4:00 pm
Trading 360
REPLAY
5:00 pm
Fast Market
REPLAY
6:00 pm
Next Gen Investing
REPLAY
7:00 pm
Market Overtime
REPLAY
education
7:30 pm
Your First Trade
REPLAY
8:00 pm
Trading 360
REPLAY
9:00 pm
Market Overtime
REPLAY
education
9:30 pm
Your First Trade
REPLAY
10:00 pm
Fast Market
REPLAY
11:00 pm
Trading 360
REPLAY

Get the Market Minute

Daily insights for every investor

coming soon

We are now

coming soon

We are now