GE, PepsiCo, PPG Industries, and More: Here’s Why These Five Stocks Are Trending

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Intercontinental Exchange Inc (NYSE:ICE), which owns the NYSE, is in the spotlight after a glitch occurred late Monday that affected the closing trading of several major exchange-traded funds including the SPDR Gold Trust ETF. Given that the NYSE has strong network effects, traders don’t seem to think the glitch is a big deal, at least according to the extended market reaction so far. 42 top funds were long Intercontinental Exchange Inc (NYSE:ICE) at the end of December, down 5 funds from the previous quarter.

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PepsiCo, Inc. (NYSE:PEP) is in the green in the pre-market today after Andrea Teixeira of JPMorgan gave the soft drink maker the thumbs up, initiating an ‘Overweight’ rating and a $125 price target. Although bears remain concerned about potential soda-taxes in various cities, bulls like PepsiCo’s growth prospects and the company’s stock is currently hovering around a 52 week high. 51 elite funds had a bullish position in PepsiCo, Inc. (NYSE:PEP) as of the most recent 13-F reporting period, down 6 funds from the previous quarter.

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Disclosure:None

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