Still Drinking
I continue to add to ($PEP) ($137.02).
Positions: Long PEP (M)
Things I Did Today
Here are today’s things:
* Shorted more ($SPY) $774.32 and ($QQQ) $725.26
* New position: short Berkshire ($BRK.B) $532.63
* Added to ($MSOS) at $4.33
* Shorted more ($GRNY) $27.91
* Added to ($PEP) long at $137.84
* Shorted more ($JOET) $46.78
Positions: Long MSOS (VVL), PEP (S/M); Short SPY (M), QQQ (S), GRNY (M), JOET (S), BRK (VS).
Pepsi and Cannabis
I added to PepsiCo ($PEP) and across-the-board in individual cannabis names.
Position: Long PEP (M), Cannabis
Adding to Pepsi Long
I’m adding to PepsiCo ($PEP) at $139.81.
Position: Long PEP (S)
Interest Rates Set to Move Higher for Longer as Inflation Persists
With the AI bubble looking to “jump the shark” and conflict in the Middle East ongoing, the Federal Reserve has little choice.
A Real KO!
Coca-Cola ($KO) beat earnings per share expectations by $0.04, beat revenue expectations and raised its fiscal 2026 organic revenue growth and comparable EPS growth guidance.
Not surprisingly, I expect a positive market response to the release, which should have a collaterol benefit to PepsiCo ($PEP).
Here is the complete release. Coca-Cola Reports Second Quarter 2026 Results and Raises Full Year Guidance :: The Coca-Cola Company (KO)
Positions: KO VS PEP S
(An Updated) Things I Did Today
Here are today’s things:
* Shorted $SPY at $748.67, $QQQ at $709.06 and $IWM at $295.97(all very small)
* In cannabis land, I added to these longs: $GTBIF at $7.10, $TRLV at $8.79 and $VRNO at $5.69
* Added to $PEP long at $134.57
* Shorted $GRNY at $27.52 and $JOET at $45.28
Position: Long PEP (S), GTBIF (S), TRLV (S), VRNO (S); Short SPY (VS), QQQ (VS), IWM (VS) GRNY (M), JOET (S)
Things I Did Today
Here are today’s things:
* Added to $GTBIF at $7.08, $TRLV at $8.74, $VRNO at $5.72 and $MSOS at $4.39.
* Added small to $PEP at $136.32 and $PG at $148.73,
Position: Long MSOS (VL), GTBIF (S), TRLV (S), VRNO (S), PEP (S), PG (S)
Adding to Pepsi, Procter & Gamble
I added to PEP ($PEP) and PG ($PG) this morning.
Positions: PEP S PG S