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Preopen Sector

Sector pulse: BEVERAGES vs Technology (6.98% spread) - Pepsico (PEP)

Sector ranking shows BEVERAGES near the top and Technology near the bottom. The current spread is 6.98%, with rotation concentrated in a narrow set of names.

Feb 23, 2026Slot (ET): 2026-02-23 08:00 ETSession: pre-marketUpdated dailyTrigger: BEVERAGES leads while Technology lags with 6.98% spread5 companies in focus
Back to analytics feedExplore companies
sector rotationbeveragestechnologyequity sectors
Analyst commentary

What moved and why

Session breadth: 10 gainers vs 24 decliners. High-volume names: 10. Average move: -1.38%.

News catalysts

PEPIs PepsiCo (PEP) Pricing Look Attractive After Recent Share Price StrengthYahoo FinanceMSFTConsumer Tech News (Feb 16-20): Big Techs To Boost AI in India, EV Policy Shifts & MoreBenzingaGOOGL3 Stocks to Buy and Hold Forever: A Long-Term Play for Your PortfolioThe Motley Fool

Spread snapshot

BEVERAGES is averaging 2.32% while Technology is averaging -4.66%.

When this gap widens, portfolios usually reward relative-value positioning over broad beta.

Name-level confirmation

Leaders in BEVERAGES are carrying most of the upside, while names in Technology are contributing to downside breadth.

The key test is whether leadership expands beyond the first two names.

  • PEP: 2.32%
  • MSFT: -2.92%
  • GOOGL: -0.98%
  • META: -2.54%
  • ORCL: -5.16%

What to monitor

If lagging sectors stabilize on volume, this rotation can cool quickly.

If leaders keep expanding breadth, the rotation can persist into the next session.

News catalysts in focus

Recent headline flow for PEP supports this setup: Is PepsiCo (PEP) Pricing Look Attractive After Recent Share Price Strength. This is treated as a likely driver, pending follow-through confirmation.

A second catalyst from MSFT (Benzinga) helps frame whether this move has broad confirmation or remains a single-name event.

  • PEP: Is PepsiCo (PEP) Pricing Look Attractive After Recent Share Price Strength (Yahoo Finance, 2026-02-23, 13h ago)
  • MSFT: Consumer Tech News (Feb 16-20): Big Techs To Boost AI in India, EV Policy Shifts & More (Benzinga, 2026-02-22, 47h ago)
  • GOOGL: 3 Stocks to Buy and Hold Forever: A Long-Term Play for Your Portfolio (The Motley Fool, 2026-02-22, 51h ago)

Seven-day trend

Market breadth
Feb 13
Feb 17
Feb 18
Feb 19
Feb 20
Feb 23
GainersDeclinersHigh volume
Recent sessions table
DateGainersDeclinersHigh volumeAvg move
Feb 18, 202616910+0.10%
Feb 19, 202671510-0.32%
Feb 20, 2026151610-0.14%
Feb 23, 2026102210-1.00%

Top gainers

Momentum
LLY
+4.48%
WMT
+2.68%
PEP
+2.32%
XOM
+2.17%

Top decliners

Risk pockets
IBM-12.34%
ORCL-5.16%
ADBE-4.50%
CRM-4.00%

Sector rotation

Relative strength
Technology-4.66%
Services-Prepackaged Software-4.50%
National Commercial Banks-3.99%
Financials-3.42%

Markets in focus

Country concentration
US-1.38%
Companies in focus

Tickers linked to this briefing

Direct links to company profiles with market chart, filings, and news signals.

PEP | US

PEPSICO INC

$168.83 | +2.32% | vol 4.7M

MSFT | US

MICROSOFT CORP

$385.39 | -2.92% | vol 37.9M

GOOGL | US

Alphabet Inc.

$312.37 | -0.98% | vol 27.5M

META | US

Meta Platforms, Inc.

$638.60 | -2.54% | vol 7.4M

ORCL | US

ORACLE CORP

$140.00 | -5.16% | vol 29.5M

Methodology

Transparency
  • Coverage universe: 35 liquid public tickers tracked for 2026-02-23.
  • Publication mode: pre-market. Reports are generated only when the corresponding market window is valid.
  • Ranking combines absolute move, relative volume, market breadth, and sector dispersion.
  • Each draft is checked against trigger logic and edited for readability before publication.
  • Method notes are intentionally high-level and avoid implementation-specific source details.

Disclaimer: This content is provided for informational purposes only and does not constitute investment, financial, legal, or tax advice. It is not an offer or solicitation to buy or sell any security. Market data may be delayed, incomplete, or inaccurate. Past performance is not indicative of future results. Always do your own research and consult a licensed financial adviser before making investment decisions.