PEP - Pepsi Pops but This Nasdaq Stock Was the Real Thing Wednesday
Stocks appeared primed to regain some lost ground on Wednesday morning, with the hard-hit Nasdaq Composite (NASDAQINDEX: ^IXIC) in the best position to see a bounce. With the index having hit new closing lows for 2022 in the first two days of the week, Nasdaq futures were up almost 1% in premarket trading on Wednesday morning.
Given all the macroeconomic uncertainty right now, investors are watching closely to see how individual companies are performing in the current environment. PepsiCo (NASDAQ: PEP) gave a key reading on consumer demand in its quarterly financial report Wednesday morning, and shareholders seemed to like what they saw. Even larger gains came from a relatively obscure Nasdaq tech stock , KnowBe4 (NASDAQ: KNBE) , which jumped in the continuation of a trend that investors have seen more and more frequently lately.
Shares of PepsiCo were up nearly 3% in premarket trading Wednesday morning. The snack food and beverage giant reported third-quarter financial results that gave investors new confidence in its ability to weather difficult conditions in its industry and build positive momentum.
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Pepsi Pops, but This Nasdaq Stock Was the Real Thing Wednesday