CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PepsiCo’s stock rallies as the company beats market expectations

11:37 13 July 2020

About 30 minutes ago, PepsiCo (PEP.US) released its 2Q quarterly results as Wall Street earnings season has just started. PepsiCo is among the biggest companies in America, so investors were particularly interested in the firm’s performance amid the ongoing coronavirus turmoil. Analysts were looking for Pepsi to earn $1.25 a share on revenue of $15.39 billion (Bloomberg consensus). The results turned out to be better than expected as 2Q core EPS amounted to $1.32, beating the highest estimate (range $1.22 to $1.29). PepsiCo’s net revenue stood at $15.95 billion (highest estimate was beaten once again). Net income fell to $1.65 billion from $2.04 billion in the year-ago period. The company still has not provided 2020 outlook given the current uncertainties. Moreover, PepsiCo said it plans to return $7.5 billion to shareholders through dividends of $5.5 billion and stock repurchases of roughly $2 billion. 

PepsiCo (PEP.US) has been recently trading sideways. Despite quick rebound after the rapid February-March sell-off, stock did not manage to climb to fresh all-time highs (like many tech stocks did). Shares are currently soaring almost 2% in the pre-market trading meaning that stock is set to open with a bullish gap today. The $137.90 area (which is additionally strengthened by 78.6% Fibo retracement) may serve as a short-term resistance. Should excited investors smash through that level, an upward move might actually accelerate. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back