On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the new earnings results from PepsiCo (
PEP - Free Report) and highlights the oil industry as prices continue to tick higher on the back of growing supply concerns. Later, he is joined by Dave Bartosiak to preview the upcoming Q2 earnings season.
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Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Ryan starts today’s show by checking in on drinks and snacks behemoth PepsiCo. The iconic brand reported earnings before the bell today, tallying profits which beat expectations and improved 8% from the year-ago period.
Shares of PEP moved higher in morning trading, but a revenue miss and the relative irrelevance of consumer staples for many average investors kept reactions to the report muted. Ryan touches on this idea, and more, while reviewing PepsiCo’s earnings results.
Next, the host highlights the growing uncertainty looming over the global oil industry as supply concerns continue to manifest. Today, Brent crude prices touched $79 per barrel as a strike in Norway and disruptions in Libya came to a head. Ryan discusses this news and speculates what OPEC might do next.
On the second half of today’s show, Ryan is joined by Zacks Strategist Dave Bartosiak to preview the Q2 earnings season, which will unofficially begin this Friday as bank giants like JPMorgan (
JPM - Free Report) , Wells Fargo ( WFC - Free Report) , and Citigroup ( C - Free Report) are set to report.
Ryan and Dave chat about estimate trends, investor expectations, and which sectors are slated to impress or disappoint. Make sure to check out the show to hear their full commentary!
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