KO, PEP: Too Late to Buy These Recession-Resilient Stocks?
In uncertain times, investors usually flock to securities that appear less risky and offer more predictability. Two well-established, predictable companies with a track record of delivering low-volatility results are The Coca-Cola Company (NYSE: KO) and PepsiCo (NASDAQ: PEP). However, even though they''re likely to keep producing resilient results in the coming quarters, I find the stocks to be too expensive, which could limit investors'' total returns, moving forward. Accordingly, I am neutral on both names. The resiliency of these stocks has once again become evident during the current market downturn.
KO, PEP: Too Late to Buy These Recession-Resilient Stocks?
In uncertain times, investors usually flock to securities that appear less risky and offer more predictability. Two well-established, predictable companies with a track record of delivering low-volatility results are The Coca-Cola Company (NYSE: KO) and PepsiCo (NASDAQ: PEP). However, even though they''re likely to keep producing resilient results in the coming quarters, I find the stocks to be too expensive, which could limit investors'' total returns, moving forward. Accordingly, I am neutral on both names. The resiliency of these stocks has once again become evident during the current market downturn.