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PepsiCo, founded in 1898, produces and sells food, snacks, and beverages around the world. The company's brands include Lay's, Santitas, Ruffles, Doritos, Tostitos, Cheetos, Quaker Oatmeal, and Rice-A-Roni; its beverage portfolio includes Pepsi, Mountain Dew, Gatorade, Lipton, Brisk, and various bottled-water products. The company also provides tea and coffee products through a joint venture with Starbucks and Unilever. The company has 318,000 employees. The shares are a component of the S&P 500.

Diageo plc manufactures and markets alcoholic beverages worldwide. The company offers a variety of brands in the spirits, beer, cider, and wine categories. DEO's brands include Johnnie Walker, Crown Royal, J&B, and Windsor whiskies; Smirnoff, Ciroc, and Ketel One vodkas; and Captain Morgan, Don Julio, Tanqueray, and Guinness. Diageo plc was established in 1886 and is based in London.

Despite volatile headlines, price action has tightened up since mid-January. For the S&P 500 (SPX), price is sitting in the top half of a range going back to early November. While certainly not textbook or picture perfect, the index could be tracing out a complex and non-typical bullish cup-with-handle formation. To complete the pattern, a strong break above the all-time closing high of 6,119 is needed -- preferably with some immediate follow-through action. The current trading range is about 355 points wide, so a breakout could open the door for an initial measured move to the 6,300 area and possibly higher. Since mid-January, the price range for the SPX has constricted to about 200 points and some of the short- to intermediate-term moving averages have started to tighten. Price at the top of a range along with slim volatility often is a bullish sign that an index or individual stock is setting up for a breakout move. The SPX also is in a favorable spot based on price channels and volatility bands. On the daily chart, price lies between the middle and upper Bollinger Bands and is in the same spot regarding the 20-day price channels. On the weekly chart, the SPX has been trending between the middle and upper weekly Bollinger Bands and between the middle and upper 20-week price channels on a closing basis since November 2023. The QQQ has seen less strength, trading between the weekly Bollinger Bands and weekly price channels since early September.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.