9 July Watchlist 👀
Today we are watching…
1. PepsiCo (#pepsi)
PepsiCo aims to quench investors’ thirst today for profit as it reports on how many foods and beverages it could sell in the second quarter. As wider market fears spike over slowing growth, PepsiCo’s status as a dividend champion is enticing a few new faces into the stock. If the growing popularity of its snacks business can cover any dents to its top line from dwindling Quaker Foods sales, then it may be in with a shout of beating profit projections of $1.49 per share on $16.4 billion in revenue.
2. Levi Strauss (#levi)
Some investors think Levi’s is due for a breakout. Why? Because strong numbers in previous quarters didn’t send the stock up. The denim experts are trying to capitalize on a fast-growing women’s and girl’s segment, whilst also riding the athleisure surge with their strong e-commerce presence. Jeanius! The 165-year old firm went public for a second time earlier this year, analysts now asking it to produce 14 cents of profit per share on $1.31 billion in revenue.