Earnings season begins with PepsiCo reporting — and more in Tuesday’s stock market recap.
PepsiCo Inc. (Nasdaq: PEP) kicked off earnings season by beating analysts’ estimates. The soda and snack food company also raised revenue projections for the second quarter in a row. This news sent shares up slightly in premarket trading.
But that’s not the only news hitting the headlines… Aside from earnings, COVID-19 is ramping up again, causing many to consider if we’re on the verge of renewed lockdowns, especially in China.
Many investors are also wondering if the current decline in commodity prices is signaling the end of inflation as we approach the release of Wednesday’s inflation data.
In this morning’s stock market recap video, I’ll reveal the four biggest factors driving this market… how I’m playing tomorrow’s Consumer Price Index report…. An earnings preview… a sneak peek into the strongest and weakest stocks… plus what I expect energy to do next.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. Why I Believe You SHOULDN’T Sit on the Sidelines for the Next 49 Days
A lot of folks are running for the hills right now… And with the economy in the dumpster, I can’t really blame them…
However, I fully believe that if you sit on the sidelines over the next 49 days, you could miss out on something really, really big!
A $1.5-trillion event is coming in September… And if you think my plan is about shorting the S&P, think again!
It’s NOT about rushing into gold, commodities, bonds or crypto either… It’s all about a mathematical correlation between two stocks…
And where one stock wins, the other loses.
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
