Is PepsiCo Okay?
In 1893, Caleb Bradham first introduced Pepsi as "Brad's Drink" in North Carolina.
The soda was renamed in 1898 and--similarly to its rival, Coca-Cola (KO) --earned part of its name from the coca leaf, which was a main ingredient in Pepsi. (Watch Share a Coke: A History of Coca-Cola)
In 1922 and 1933, Coca-Cola was offered the chance to buy Pepsi and turned down the opportunity both times.Watch the full behind the label.
Jim Cramer on Friday's Headlines in 2 Minutes
Real Money Stock of the Day PepsiCo posted fourth-quarter earnings that were largely in-line with analysts' forecasts, but said 2019 earnings would fall as the company boosts investments in some of its key consumer products.
Pepsi said core earnings for the three months ending in December came in at $1.49 per share, rising 13.7% from the same period last year and matching the Street consensus forecast. Group revenues were also in-line with estimates, but were essentially flat from the prior year period at $19.524 billion. Pepsi also said it would boost its annual dividend by 3% to $3.82 per share.
Watch Cramer's full interview for his insight on the top headlines.
Trading Strategies Dives Into FAANG
Curious about how FAANG did after the big five tech companies reported earnings?
Real Money's Kevin Curran gave his take on FAANG's earnings.
"FAANG is interesting because, as much as it fell into the back half of the year, it's really bounced pretty significantly. I mean Netflix is a good metric. It fell 55% to Dec. 24 and it's been up by about the same measure since that trough," he said on this week's episode of Trading Strategies.
Catch the full Trading Strategies episode on SoundCloud.