PepsiCo's first quarter earnings have reportedly beaten estimates, with price cuts on products like Doritos and Lay's contributing to the positive results. The company's revenue for the quarter was $19.4 billion, and some outlets suggest this could be a turning point for the stock. The outlook for PepsiCo's stock is uncertain, with some predicting a rebound and others discussing the investment case, while at least one outlet is focused on a competitor, Coca-Cola.