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Fast Money

The Pepsi Generation

Beverage behemoth Pepsi (PEP) releases quarterly earnings before the bell on Wednesday, giving you only one day to make your move. What is it?

Jeff Macke thinks investors should be long Pepsi, after Coke’s (KO) strong earnings report last week. He says PEP is a better operator and they’re hitting on all cylinders.

Guy Adami adds Pepsi’s 4Q was not great and traders dumped the stock. If they say anything positive, Guy sees the stock going higher.

Eric Bolling adds it’s a great company.

Tim Strazzini likes PEP for 3 reasons; because of the weak dollar, it’s in the consumer space and Wall Street has low expectations.

The bottom line – all the guys like PEP ahead of earnings.

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Trader disclosure:
On APR 23, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Strazzini Owns (EWG), (MER), (NBG), (SNDK) Bolling Owns (NMX), (SZE) Natural Gas, Corn, Gold, Silver; Bolling Is Short Soybeans