PespiCo: beating the local downtrend... and Coca-Cola?
PepsiCo reports its quarterly earnings on Thursday, at 13:00 MT time.
With the EPS expected to be at $1.45, observers forecast a $21.8-21.9B sales revenue for the Q4’2020. Overall, while the virus hit will have taken its toll on the company performance, the last quarter is traditionally a high sales period given the holiday season. In addition to that, the stay-at-home lifestyle forced by virus restrictions actually improved the performance of some of the key sales directions of Pepsi brands. That’s why the report is expected with optimism. Coupled with the long-term strong characteristics of the stock, it makes it a potentially worthy buy.
Technically speaking, the stock price is at a local bottom. After making a new all-time high in the zone of $148, the price value has been dropping during January. It bounced off the mark of $136 and went up to $142. If PepsiCo shows good results, the stock will definitely go beyond $142 into the upside and will eventually aim at challenging the all-time high of $148. You’ll be able to track it on FBS Trader!
Now, Coca-Cola’s report on Wednesday makes it an interesting battel between the two giants as they both are locally in a similar price disposition. Which one is better?
