3 Stocks To Watch In The Coming Week: Tesla, PepsiCo, Levi Strauss | Investing.com

After experiencing some weak point throughout September, the US fairness market faces October with numerous headwinds driving uncertainty—the COVID-19 pandemic continues to gum up international provide chains, boosting inflation and forcing many corporations to wrestle with assembly their manufacturing targets.

All this harm investor sentiment in September and saved main indices below stress. The completed the month down 4.8%, its worst efficiency for the timeframe since March 2020, when the pandemic prompted a significant market sell-off. The broad benchmark additionally closed 5% under its report excessive for the primary time this yr.

The fell 5.3% over the identical interval, its lowest degree since March 2020, whereas the dropped 4.3%, its worst month in 2021 to this point.

Beyond these macro tendencies, under we spotlight three shares which might see some motion within the upcoming week, resulting from company-specific developments:

1. Tesla

Tesla (NASDAQ:) shares may even see some motion when markets open on Monday after the electrical car (EV) maker over the weekend that it delivered extra cars than analysts had anticipated for the third quarter.

The firm mentioned on Saturday that it delivered 241,300 electrical automobiles in the course of the interval, beating analyst consensus estimates of round 220,900 cars, based on calculations compiled by StreetAccount as of Sept. 30.

The firm produced 237,823 cars within the interval ending Sept. 30, 2021, Tesla mentioned in its report. Of that, 228,882 had been its Model 3 and Y automobiles, Tesla’s extra inexpensive mid-range choices.

The inventory has gained greater than 40% from its lowest level this yr, on expectations that Tesla is on track to enhance its margins as its quantity improves. The larger gross sales figures additionally present that the corporate is in a greater place to beat the availability shortages which are hurting different automotive makers. 

TSLA shares closed on Friday at $775.22, after gaining 14% up to now three months.

2. PepsiCo

Snack and beverage big PepsiCo (NASDAQ:) will report third quarter earnings on Tuesday, Oct. 5, earlier than the market opens. Analysts, on common, count on $1.73 a share revenue on gross sales of $19.37 billion.

PEP Weekly TTM

In its in July, Pepsi reported its quickest gross sales progress in at the least a decade. The firm additionally raised its forecast, predicting it should profit from shoppers returning to eating places, bars and stadiums after a yr of staying at properties in the course of the pandemic.

Indeed, COVID-19 upended consumption habits, with packaged meals seeing a quick surge in demand whereas away-from-home consuming slowed throughout momentary lockdowns. Pepsi’s diversified portfolio of snack gadgets—which incorporates manufacturers akin to Tostitos, Fritos, Ruffles, and Cheetos—is well-positioned to learn from these evolving consuming habits.

After recovering from the March dip, PEP inventory is up greater than 6% up to now six months. It closed on Friday at $150.95.

3. Levi Strauss

Apparel maker Levi Strauss & Co. (NYSE:), will report fiscal Q3 2021 earnings on Wednesday, Oct. 6, after the market closes. Analysts on common expect $0.3736 a share revenue on $1.48 billion gross sales.


The San Francisco-based clothes producer—greatest identified for its iconic Levi’s model denims—instructed traders in July that customers are stocking up on denims in new sizes and kinds within the US and China as they emerge from their properties because the pandemic seems to be waning.

At that point, the retailer anticipated fiscal third-quarter gross sales had been to prime pre-pandemic ranges. That was one thing Levi Strauss beforehand didn’t count on to realize till the fourth quarter.

While LEVI raised its income and revenue outlook for the remainder of the yr, the corporate cautioned its assumptions had been based mostly on the COVID pandemic not worsening all over the world. The inventory closed on Friday at $25 after falling about 6% up to now six months.

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