Oil prices rebounded slightly on Friday but are still expected to show losses for the week due to concerns about slowing growth in the US and China. US crude futures rose 2.7% to $70.41 per barrel, while the Brent contract increased by 2.5% to $74.33 per barrel.
Follow PepsiCo’s earnings report
2021-04-12 • Updated
What will happen?
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT.
Why is it important?
PepsiCo’s earnings report will impact hugely the stock price.
- If the results are better than expected, PepsiCo will increase its value. Otherwise, if earnings are worse than the forecasts, PepsiCo will fall.
- The good news for FBS traders is that they can make both buy and sell trades while trading stocks –the rules are almost the same as for the currency pairs. So, you don’t need to already have an asset to sell it.
How has PepsiCo been doing so far?
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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