Amid the current uncertain macroeconomic environment, investors are inclined to add stocks of stable companies for the long term, which provide a steady return in the form of dividends, to hedge themselves against a potential market downturn. Therefore, PepsiCo, Inc. (PEP) could be a wise choice for investors for reasons mentioned throughout the article.
In addition to the Fed’s aggressive stance to tame inflation, the recent banking collapses have induced a ‘credit crunch.’ The already existing recessionary fears were reignited, with experts expressing concerns about dwindling economic growth in the upcoming months.
