Why PepsiCo Stock Outperformed the Market in April
Shares of PepsiCo (NASDAQ: PEP) gained 2.6% in April, according to data provided by S&P Global Market Intelligence. While that's not a huge gain, it was against the backdrop of an 8.8% decrease for the S&P 500 at the same time.
PepsiCo posted an excellent first-quarter earnings report in April demonstrating strong growth, which helped it stand out in a volatile market. It has also stayed about flat so far in May, about level with the S&P 500.
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Source Fool.com
