09-28-2013, 10:33 AM
That's a nice group of stocks, Shawnjeffrey!
While it is true that KO and PEP may respond similarly to macro conditions and events, I think they are both good defensive stocks as a general matter, and I very much like the idea of holding both -- assuming you get them at good prices. Even if they respond similarly to marco events, they are by no means redundant. They perform quite differently from each other due to company-specific stuff, and as a result they tend to thrive and stagnate on separate schedules.
While it is true that KO and PEP may respond similarly to macro conditions and events, I think they are both good defensive stocks as a general matter, and I very much like the idea of holding both -- assuming you get them at good prices. Even if they respond similarly to marco events, they are by no means redundant. They perform quite differently from each other due to company-specific stuff, and as a result they tend to thrive and stagnate on separate schedules.