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PepsiCo’s stock is currently trading at 131.14-lower by 1.07% as compared to the previous closing price. In the pre-market trading session, the stock was trading higher by 0.25%. The stock has erased all of its earlier gains and turned into negative territory after the opening bell.
The company reported its second-quarter earnings before the market opens on Tuesday. PepsiCo generated an adjusted EPS of $1.54 for the second quarter. The EPS was above the market expectation of $1.50. The company brought in $16.449 billion in revenue for the second quarter. The revenue was above the consensus estimates of $16.426 billion.
Looking into 2019, the beverage and snacks maker expects organic revenue to grow by 4%. PepsiCo also forecasts adjusted EPS to fall by 1% for the year at the constant foreign currency exchange. Shares of the company have rallied more than 20% so far this year.
On the technical front, the current price is below the MA5. The current price is below the middle line of the Bollinger Bands and is heading downwards. The RSI is currently at 46.49% and suggests that the market can move in the downward direction.
TRADE SUGGESTION-STOP SELL AT 131.10 TAKE PROFIT AT 130.40 STOP LOSS AT 131.45