Which stock’s earnings are most resilient during a recession?
Similarly, Pepsico performed strongly in 2022, producing over 14 per cent organic revenue growth despite headwinds from cost inflation and supply chain disruptions. Pepsi has significant pricing power due to their strong position across both snacks and beverages and the positioning of leading brands like Frito-Lay, Quaker, Gatorade and, of course, Pepsi.
We are starting to see some new earnings leaders emerge. One good example is MercadoLibre . MELI is the largest e-commerce and fintech company in Latin America with approximately 70 million active users across 20 countries. Brazil is MELI’s largest market and the outlook for Brazil macro started to turn the corner mid-2022. This has subsequently reflected in a MELI’s revenues and earnings.
Apple has run this year on the back of an attractive valuation and China reopening. At the end of 2022, Apple was trading at 20 times which is an attractive valuation for an ecosystem stock with a brand like Apple. Greater China is about 20 per cent of Apple’s revenues and the majority of the company’s supply chain is located in Asia. As China reopens, this will alleviate both top line andThe investment thesis for Starbucks is two pronged.
Source: News Formal (newsformal.com)
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