2 inches high at 100 yards.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yep. Classic garden variety pump and dump chart.
PepsiCo Sales Surges as Shoppers Stock Up. It's Going to Get Worse But Snacks Will Ease the Pain. -- Barrons.com
PepsiCo stock climbed in premarket trading as the soda and snack giant reported surging sales in the first quarter.
The beverage maker, which also owns Lay's and Doritos, said organic sales grew 7.9% in the first three months of the year as consumers stocked up due to lockdown measures and shelter-in-place orders. The stock rose 1.5% before the open. Chief financial officer Hugh Johnston told analysts he expected second- quarter sales to decline at a low single-digit rate as restaurants, movie theaters and other venues remain closed around the world.
The company also withdrew its 2020 guidance due to the uncertainty surrounding the coronavirus pandemic and expected second-quarter sales to decline at a low-single digit rate
"Despite a strong first quarter, there is still a great deal of uncertainty that exists in relation to COVID-19, including how geographies, retail channels and consumer behaviors will evolve over time," the company said in a statement. Despite the uncertainty, PepsiCo said it still expects to return $7.5 billion to shareholders in this financial year and repurchase $2 billion in shares.
Net revenue rose 7.7% to $13.881 billion in the first quarter, ahead of the FactSet consensus of $13.192 billion, while net income fell to $1.338 billion -- 96 cents per share -- but adjusted earnings per share of $1.07 beat estimates of $1.03.
Pepsi performed better than its rival Coca-Cola, whose sales volumes fell 1% in the quarter despite shoppers stockpiling ahead of the lockdowns internationally. Approximately half of Coca-Cola's revenues come from its away- from-home channels, which include restaurants, bars and movie theaters -- all of which have been closed in countries around the world. Last week, Coca-Cola warned the second quarter would be worse and had started with a 25% slump in volumes so far in April.
Pepsi's more diversified snack offering has helped it outperform its rival during the coronavirus pandemic, with its Frito-Lays and Quaker Foods North America businesses achieving 7% organic revenue growth.
Chief Executive Ramon Laguarta said: "With consumers spending more time at home, we've seen an increase in eating breakfast and a tendency to snack more during the day. The Frito and Quaker food businesses are well positioned to capitalize on these changes. And as a result, we've seen higher household penetration across a variety of our products." He added that the negative impact on beverages is more significant than the positive impact on snacks, but that PepsiCo had shifted its advertising and revenue management, as well as promotions, in a bid to capitalize.
The U.S. beverage business has conversely been impacted by a shift away from some channels, such as gas stations and food services, he added.
Looking ahead. Pepsi has certainly capitalized on pantry loading in recent months but the path ahead is less clear. Consumer habits have drastically changed in a short space of time and it is difficult to predict how they will further evolve as the pandemic progresses. Laguarta said he expects gradual improvement in sales at gas and convenience stores as people return to work but said revenue from restaurants, movie theaters and sporting events would take longer. As with Coca-Cola, the second quarter will undoubtedly be worse but Pepsi's snack offering will ease the pain.
(END) Dow Jones Newswires
04-28-20 0937ET
Copyright (c) 2020 Dow Jones & Company, Inc.
WHOA! Somebody just picked up a couple hundred bucks worth. Look out above.
Yep. The really amazing thing is literally nobody even knows about Vplm. Those types of stocks are always fighting uphill against the evil market maker cabal. Weeeee.
But hey, motley fool knows they’ve been motley fooled. LOL Luckily it was money they got from picking up pop cans so I guess they aren’t that stupid.
A little under fifteen bucks traded in the first hour and a half? Hmmm, could this be the dreaded evil market makers at work?
Trimming some gains to cash here.
Uh oh. Looks like a bad time to be sitting on those calls. Yesterday would’ve been a good day to unwind.
I agree. The government wants access to our gps information so they can keep an eye on “contact tracing”. As a matter of fact, this whole experience feels like it’s about government control.
Just saying.
Nah. Best position ever. Fifty cents has changed hands over this power house in the first half hour already. TO DA MOON!
LOL Weeeeee!
Great quarter. Not changing dividend or buyback program. Tons of revenue as people stock up. Position growing through div re-investment. Staples with dividends seem to be a safe investment. I don’t trade these as the dividend tends to put a roof over and a floor under them.
See ya next Q. Everyone stay safe.
Apple's $399 iPhone SE is more powerful than top-of-the line Android handsets
Apple’s iPhone SE, powered by the A13 Bionic, delivers better performance than top of the line Android smartphones.
Priced at $399, the new iPhone SE offers users an incredible value proposition that rival Android handset makers simply can’t compete with.
Read more
https://apple.news/ACKnoVuiBTw2JpSDt9Yf-Mw
Fortunately in the vplm reality distortion field the further the stock plummets the better it is and right now apparently it’s in the best position ever. And I might add that it’s not sub-penny all the time or nuthin.
Pretty sweet.
What does any of that nonsense have to do with vplm being a proven patent troll designed to milk investors and enrich insiders?
Yep. My county has had a total of 29 cases and one death but it’s on stay at home order. I will say that the current unemployment is decent. I hope everyone enjoys their 90 day trial period of socialism. Can’t visit relatives in some places, arresting people for religious services. Pretty sweet. Can’t go be near each other at a restaurant but it’s definitely ok to crowd Into the gas station for lottery tickets, you know, that back door tax on poor people that sends poor peoples money to the state.
Disclaimer, I buy lottery tickets. LOL
Correct. I’ve suggested looking up pump and dump chart patterns and observing the fact that they are identical charts but while one is at it they may want to search “death spiral”. It’s definitely a thing and explains a lot.
What’s on full display is the one cent a share market cap, that’s pretty much the whole ball of wax from this one trick pony.
Congrats! What do you think we’ll see on the earnings report?
Looks like SOLI, which is a penny stock traded company also in the telemedicine business we’ve discussed here before, is being crushed after trading resumed post SEC halt for coronavirus related fraud. That’s sad as there is plenty of room in this space, the legit companies like TDOC are nearly overwhelmed with traffic. This is just another sad indication to be wary of penny stocks.
I can’t believe the CEO was touting home testing kits he doesn’t have yet on a major news network. I believe that’s the issue. They may be ok in the long term but now he can probably look forward to class actions by everyone that took a massive loss. He’s either a liar or an idiot. Either way it’s a red flag and a reason to invest elsewhere.
An old wise man said, they’re pennies for a reason.
Anyone can simply google “pump and dump chart pattern” and see how the charts are identical. And the company’s promotion patterns are another tell. Then there’s the fact that NNVC fits the definition of patent troll outlined in the sticky notes. And the pro-vplm arguments are all empty and meaningless.
All huge red flags.
Not only that but not sub-penny all the time is the new buyout price will be $149.67 lol.
I agree that it does appear to be at the bottom of the pump and dump cycle but I have a personal guideline that prevents me from participating in pump and dumps.
Ok good luck. I have no position here, I was just giving a heads up that citron was on this one, they can cause problems.
Is Emil leaking inside information to select individuals again? That’s another reason I hate these garden variety pink sheet stock schemes. They always end up at or below a single penny. Looks like I got another one right.
Right. Congrats. LOL Good job locking in those gains, my bad, I thought you were long the stock. Sure is better taking gains as opposed to riding something to zero for sure.
Citron bash in my emailbox. Says $1 price target. Not good.
So common on these insider enrichment schemes.
Yes it has, some things do well in any given environment. This is the day of telemedicine. Should have held longer myself but now I need to hear some quarterlies before I would re-enter here.
Congrats on your position.
She probably calmed down after a nice big bowl of gourmet ice cream.
Whoa! Does anybody know why vplm has plummeted to near zero? Yikes!
Yes it is. This is just one of my winning picks. It’s ok to exit early if you book a nice profit, I’ve learned not to sweat missed upside and never get robbed by a penny stock and that has served me well over the years. I left early here but I’ll take a 15 grand short term win over a massive penny stock loss ever time.
Good luck with your TDOC position.
Oh no. That’s bad news. LMFAO
Okey dokey, good luck now.
LOL. You think because an officer sells stock that’s a big deal? There are a shitload of other key points to consider but if you want to focus on that one I guess that’s ok.
They sell constantly for about a thousand reasons. Maybe she’s installing a pool or a tennis court. Maybe she’s having some plastic surgery. Who cares.
Good luck.
Proud, well armed, ex-military deplorable here.
If only Biden could remember what state he fondles little children in.
Great board. Marked it.
Whoa! Does anybody know why vplm has plummeted to near zero? Yikes!
Correct, I exit all my winning picks with a gain and don’t look back. You can’t go broke taking profits, but riding something to near zero will get one right in the broke ballpark.