PepsiCo and 3 Other Defensive Stocks to Ride Out a Vulnerable Market
1. PepsiCo's Q3 earnings beat estimates by 1%. 2. Citi Research identifies PepsiCo as a defensive stock. 3. PepsiCo's shares are down 5% this year. 4. Activist Elliott Management holds a $4 billion stake in PepsiCo. 5. Analysts expect PepsiCo sales to grow 3.4% next year.