Earnings Preview: Pepsico (PEP)
Notes: Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash. Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning. I have been too busy with earnings reports and life to deliver my usual weekly summary. It is in that summary that I usually preview stocks with upcoming earnings reports. Since I didn't do the summary, I wanted to take enough time to preview what's to be expected in Pepsico's earnings release, which will happen on Thursday. Pepsico is an international company with just under half of their earnings coming from the rest of the world. As we noted last quarter, foreign exchange clearly is a risk to the company's forward performance as Europe, Russia, and Venezuela all play roles in the numbers that will be produced. From what I'...