Jim Cramer on PepsiCo: "There's No Safety in These Stocks"

PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks Jim Cramer recently offered insights on. While discussing the stock, Cramer pointed out that the market behavior has shifted significantly. He said:

“The market didn’t use to operate this way, but times have changed. If you scrutinize the new low list, what do you see? It’s all the old safety stocks. What’s down a lot? How about Kimberly-Clark, down 2% today, nearly 9% for the year. How about Clorox, down 26% for the year. Campbell’s, that old story, down 27%… McCormick, it didn’t look like a terrible quarter when the spice company reported the other day, but the stock was slaughtered anyway. PepsiCo reports tomorrow. It’s got a 4% yield and a powerful activist firm trying to get that stock back in the plus column, but it’s still down more than 8% for the year. Then again, that’s a lot better than Conagra, down nearly 33%. Ouch. So there’s no safety in these stocks.”

PepsiCo, Inc. (NASDAQ:PEP) produces, markets, and distributes beverages and convenient foods, including snacks, cereals, dairy, and ready-to-drink products.

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Disclosure: None. This article is originally published at Insider Monkey.