2021-04-12 • Updated
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT.
PepsiCo’s earnings report will impact hugely the stock price.
Not great, but good enough! Its soda sales stayed in positive territory despite the weak demand at restaurants amid the long lockdowns. In comparison, Coca-Cola's sales dropped. Besides, the beverage giant is not just Pepsi – it produces many other products such as snack foods, including well-known brands as Lays, Doritos, ad Cheetos (far more than Coca-Cola). However, sales growth is still relatively flat.
Anyway, PepsiCo is viewed as one of the safest companies in its sector and most reliable dividend companies. With almost 50 years of dividend growth history, PepsiCo will soon become a dividend king!
PepsiCo has been moving inside the ascending channel since March. If it manages to break the high of March 29 at $145.00, it will rally up further to the all-time high of $148.50, which the company hit in December. On the flip side, if PepsiCo’s earnings are worse than the forecast, it may press the price down below the 100-day moving average of $140.00. If it drops below it, it may even fall to the 50-day moving average of $136.00.
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Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...
Bearish Scenario: Sales below 78.99 with TP1: 77.93, TP2: 77.45, and upon its breakout TP3: 76.56 and TP4: 75.70 Bullish Scenario: Purchases above 78.00 (wait for a pullback to this area) with TP1: 1679.00 (uncovered POC*), TP2: 79.33, and TP3: 79.66 intraday
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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