The investor's analysis started with their own positive experiences with the ride service
PepsiCo (PSP), the company that operates food and beverage brands such as Pepsi, Lays, Tropicana, Quaker Oats, and Gatorade is set to report Q2 earnings before the bell Thursday.
In trading on Tuesday, shares of the PowerShares Global Listed Private Equity Portfolio ETF crossed above their 200 day moving average of $11.48, changing hands as high as $11.49 per share. PowerShares Global Listed Private Equity Portfolio shares are currently trading trading flat on the day.
These funds tend to do well in up markets and get crushed in down markets.