Watch PepsiCo (PEP) this morning. The firm will post third-quarter results that should demonstrate strong growth. Shareholders will want to see Pepsi post strong operating margins, sales growth, and EPS strength.
Pepsi’s competitors to watch include Coca-Cola (KO), Keurig Dr Pepper (KDP), and Celsius Holdings (CELH).
Watch General Motors (GM) amid the four-day battery show and electric and hybrid vehicle technology expo. Participants include Volkswagen (VLKAF) and Glatfelter (GLT). In the third quarter, GM posted a 2.2% decline in vehicle deliveries, to 659,601. GM posted strong EV sales helped by Chevy Blazer and Equinox sales strength.
Watch Ford Motor (F) stock today. Bulls are losing momentum as the stock fades yet again from the $11.00 - $11.50 rally point. The market tried since August to lift the stock above that range. In Q3, the firm reported a 12.2% increase in EV sales. Hybrid sales grew by 38%. To maximize revenue growth, Ford needs to produce more hybrids and cut EV production.
Be wary of Rivian Automotive (RIVN). The stock risks falling below $10.00 after the firm warned that it would deliver fewer units than expected. In the last quarter, Rivian produced 13,157 vehicles. It sold 10,018 units.
Rivian will post Q3 financial results on November 7, 2024. The firm may admit that it faces a demand issue. It will need to increase marketing, offer great lease deals, and give competitive incentives to drive sales.
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