Today in the Market (10/12/2022)

Good Evening. U.S. stocks ended Wednesday’s session slightly lower, as producer price data showed inflation inched up last month and a readout of Federal Reserve meeting minutes affirmed officials were likely to proceed with their rate-hiking plans.

The S&P 500 finished down by 0.33%, while the Dow Jones dropped 0.10%. The Nasdaq Composite also shed 0.09%. All three gave up previous gains throughout the day.


PepsiCo’s (PEP) strong performance in the third quarter startled many on Wall Street who were anticipating a negative outlook on the economically distressed consumer, similar to Nike and FedEx’s recent statements.

Here is PepsiCo’s performance relative to Wall Street forecasts:

  • Net Sales: $21.97 Billion vs. $20.81 Billion expected
  • Organic Sales Growth: +16% vs. +9.1% expected
  • Earnings Per Share: $1.97 vs. $1.84 expected

“Historically we have done well as we have moved into recessions,” Johnston stated on Yahoo Finance Live. “A 16% [organic sales] growth rate for PepsiCo is an extraordinary number. But that said, we do think that we will continue to perform pretty well regardless of the economic environment.”

Going forward… PepsiCo remains dedicated to repaying shareholders via dividends and share repurchases. The company expects to return $7.7 million in cash to shareholders in 2022, including $6.2 million in cash dividends and $1.5 billion in share repurchases.


Polestar has unveiled its most recent innovation, the Polestar 3 electric SUV. Where the Polestar 3 will be manufactured is perhaps more intriguing than its excellent specifications.

“Polestar 3 is a powerful electric SUV that appeals to the senses with a distinct, Scandinavian design and excellent driving dynamics,” stated Polestar CEO Thomas Ingenlath. “It takes our manufacturing footprint to the next level, bringing Polestar production to the United States. We are proud and excited to expand our portfolio as we continue our rapid growth.”

Beginning in mid-2023, Polestar will begin global production of the SUV at Volvo’s facility in Chengdu, China. However, beginning in mid-2024, Polestar will relocate production for North America and other markets to Volvo’s plant in Ridgeville, South Carolina.

How much will it cost? Customers in launch regions can already submit orders on the Polestar website for the Polestar 3 in Long range Dual motor version, which will be available at launch for a starting price of $83,900, according to the firm.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?