𝙲𝚘𝚔𝚎 & 𝙿𝚎𝚙𝚜𝚒: 𝙰 𝙳𝚎𝚌𝚊𝚍𝚎𝚜-𝙾𝚕𝚍 𝚁𝚒𝚟𝚊𝚕𝚛𝚢
As far as corporate rivalries go, Coca-Cola vs. Pepsi is about as classic as it gets. And this week both reported that business was good, with revenue coming in ahead of expectations for each company, despite inflation becoming more of a challenge.
But if you'd bought shares in either of them 40 years ago, you'd probably not be too dissatisfied with either. $100 in Coca-Cola shares bought 40 years ago would be worth something in the neighborhood of $9,200 today, and the same in PepsiCo would be worth north of $8,100.
The S&P 500 index is down 8% in the last month, the tech-heavy NASDAQ is down 12% and yet PepsiCo and Coca-Cola are chilling — both are actually up 6% in the last month.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
