Pepsi Bottling Group, Inc. (PBG) continues to execute well in a difficult soft drink environment. The lackluster carbonated soft drink (CSD) environment in North America is being addressed with a robust pipeline of new products and new initiatives in the refreshment and hydration categories.

Pepsi Bottling Group’s management is highly motivated and focused on the efficient manufacture and distribution of Pepsi-Cola products. The company is expanding in higher growth geographies. Net revenue per case in the U.S. has been strong, growing in the mid single-digit range due to a positive pricing environment. With the stock trading in the low-end of the historical valuation range, the Buy rating is maintained.

Pepsi Bottling Group’s stock has traded in a wide P/E multiple range of 12 to 27 over the last five years. However, during times of low single-digit volume growth, the P/E range has been between 12 and 19. At the current

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We are just at the beginning of Q3 and earnings calls for Q2 will be coming from this week. I think widely expected is especially General Electric (GE) on Friday. GE shares closed last week on five years lows on credit concerns. Here are major events for the week.Monday:Economic NAEarnings NATuesday:Economic Pending Home (-3.0%), Wholesale Inv (0.7%), Consumer Credit (7.0B)Earnings Greenbrier (GBX), Pepsi Bottling (PBG), Alcoa (AA)Wednesday:Economic Weekly CrudeEarnings Acergy (ACGY), Wolverine (WWW), AAR (AIR), Shaw (SGR)Thursday:Economic Weekly ClaimsEarnings Chattem (CHTT), FC Stone (FCSX), Progressive (PGR), Marriott (MAR), Infosys (INFY)Friday:Economic Import / Export, Trade Balance, Michigan (56), Treasury BudgetEarnings General Electric (GE), Rockwell (COL)http://stockweb.blogspot.com/atom.xml