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PepsiCo, Citi, BAC reporting - results preview
Information is not investment advice
PepsiCo: better than the forecast
The EPS of $1.21 beats the expectation of $1.12; the revenue of $14.82bln beats the expectation of $14.55
The figures brought by PepsiCo are better than observers thought so the move will be likely bullish for this stock. However, the difference between the forecast and the actual data is not that big, that's why bulls won't be likely to push it much - most probably, the stock will rise above the 50-MA into the channel $143-145.
Bank of America: impressively good
The EPS of $0.86 beats the expectation of $0.66; the revenue of $22.9bln beats the expectation of $22.1bln.
The Bank of America's data by far exceeded the expectation, so bulls will likely push the price above the all-time high of $40.30 which is just 1% away from the last price when the market closed yesterday - $41 may be a possible target.
Citigoup: unexpected success
The EPS of $3.62 beats the expectation of $2.24; the revenue of $19.3bln beats the expectation of $18.82bln.
For Citigroup, most observers expected a pretty weak performance. Now, as the bank reports stronger data, its stock may well surge above the local highs of $74.25 and pick up a new uptrend towards $76.00.
Apple TV+ will no longer offer one year of free subscription to anyone who bought an Apple product. It will be a test for Apple!
Growth stocks are back on track! Jump in to get the fresh stock market outlook!
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
PMI reports from the EU, the UK, and the USA will be released during the day!
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).