ONLINE FOREX BROKER
2021-02-10 • Updated
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?
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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