If you've ever tucked into a packet of Frito-Lay potato chips while watching a movie at home or refreshed yourself with a can of Gatorade after a gym workout, you would be enjoying one of the myriad brands and products offered by PepsiCo (NASDAQ: PEP). The food and beverage giant owns a multitude of brands that it has built up steadily over the years. The coronavirus pandemic has, however, hurt a swath of food and beverage companies, as cafes and restaurants have been forced to temporarily shut around the globe due to lockdowns and movement restrictions.
Industry leaders such as Starbucks (NASDAQ: SBUX) and PepsiCo (NASDAQ: PEP) had huge sales declines at the beginning of lockdowns, but they're crawling out from under the mess. Starbucks has taken coffee to the next level with its more than 32,000 global cafes. Sales and comps both score notch high growth numbers in a typical quarter, but they bottomed out at as low as a 65% decline during the company's third quarter.
"Buy and hold" -- it's a classic investing adage, and it makes a lot of sense, too. The latter is the better approach, because some companies' stocks are just not ones to buy and hold forever. Nike (NYSE: NKE) is a sporting goods and apparel giant, with a market value recently near $207 billion, making it very much a large-cap stock.