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3 Stocks To Watch In The Coming Week: JPMorgan, PepsiCo, Delta Air Lines

By Investing.com (Haris Anwar/Investing.com)Stock MarketsJul 11, 2021 07:44AM ET
www.investing.com/analysis/3-stocks-to-watch-in-the-coming-week-jpmorgan-pepsico-delta-air-lines-200590808
3 Stocks To Watch In The Coming Week: JPMorgan, PepsiCo, Delta Air Lines
By Investing.com (Haris Anwar/Investing.com)   |  Jul 11, 2021 07:44AM ET
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With US major indices trading at record-high levels, the upcoming week will be mostly about earnings, as some of the nation's largest companies release their latest quarterly numbers. 

Earnings estimates for the just-completed quarter were up 7.3% from the start of April to $45.03 a share for the members of the S&P 500 Index heading into this past week, according to data compiled by FactSet. 

Despite the upbeat sentiment in the market, the spread of a highly contagious coronavirus variant, and the possibility of the Federal Reserve cutting back on its monetary stimulus, are some of the risks that could thwart the ongoing rally in equities. 

Below, we've short-listed three stocks from different sectors which we’re monitoring as the Q2 earnings season begins:

1. JPMorgan Chase

Global lender JPMorgan Chase (NYSE:JPM) will report its second-quarter earnings on Tuesday, July 13, before the market open. Analysts expect the Wall Street powerhouse to report $3.16 a share profit on sales of $29.96 billion.

JPM Weekly TTM
JPM Weekly TTM

The international investment bank is emerging much stronger after the weakness caused by the global pandemic, helped by its trading division and fees from its corporate and investment banking groups. JPMorgan Q2 earnings come after the Federal Reserve gave the U.S.’s largest banks a clean bill of health last month, paving the way for the lenders to boost their payouts to investors after June 30.

In a vote of confidence for the banks, including JPM and Goldman Sachs Group (NYSE:GS), the Fed said last month it would end temporary limits on dividend payments and share buybacks after all 23 firms performed well in annual stress tests. 

JPM stock closed on Friday at $155.77, after rallying strongly so far this year. Shares are up 22% in 2021, handily beating the S&P 500’s 16% expansion. 

2. PepsiCo

Snack and beverage giant PepsiCo (NASDAQ:PEP) will also report the company’s fiscal 2021, Q2 earnings on Tuesday before the market opens. Analysts, on average, expect $1.53 a share profit on sales of $17.97 billion.

PEP Weekly TTM
PEP Weekly TTM

During the pandemic, PEP benefited from locked-down consumers stocking up on snack foods and beverages, helped by its diversified portfolio of snack brands, such as Tostitos, Fritos, Ruffles, and Cheetos.

In April, the company had reiterated its 2021 forecast, which expects mid-single-digit organic revenue growth and high-single-digit constant currency earnings per share. Pepsi is predicting strong sales from its North American beverages unit as more consumers visit restaurants and movie theaters, but demand for Quaker Foods products will likely moderate. 

PEP stock closed on Friday at $149.48, up about 5% in the past three months.

3. Delta Air Lines

Delta Air Lines (NYSE:DAL) will report Q2 earnings on Wednesday, July 14, before the market open. On average, analysts are expecting a loss of $1.36 a share on sales of $6.14 billion.

DAL Weekly TTM
DAL Weekly TTM

The global airline industry is trying to stage a comeback after a brutal 2020 in which air traffic plunged amid surging COVID-19 infections. Domestic air travel in the US is rebounding with the acceleration of coronavirus vaccine rollouts.

On a webcast last month, Delta Air Chief Executive Ed Bastian said the carrier would operate twice as many domestic flights in July as in May, but added that business travel, one of the most lucrative segments for carriers, was still very limited.

Shares of Delta closed on Friday at $42.92, after falling 13% in the past three months amid concerns that new variants of the coronavirus will continue to keep some travel segments depressed.

3 Stocks To Watch In The Coming Week: JPMorgan, PepsiCo, Delta Air Lines
 

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3 Stocks To Watch In The Coming Week: JPMorgan, PepsiCo, Delta Air Lines

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Comments (9)
mahdi Kazemian
mahdi Kazemian Jul 14, 2021 8:39AM ET
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fascinating analys
joe shep
joe shep Jul 12, 2021 1:07PM ET
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Cciv - nio - virgin galactic or maybe a lil specal bonus insite with -Ethereum 2.0
Jaycom Osaruyiwmen
Jaycom Osaruyiwmen Jul 12, 2021 7:34AM ET
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nice insight Haris. it worth watching closely.
Red Riley
Red Riley Jul 11, 2021 10:28PM ET
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never Coke again. Pepsi all the way
Dim Pan
Dim Pan Jul 11, 2021 2:03PM ET
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#1 stock to watch is Virgin Galactic nobody cares for the rest
Anastacio Gonzalez
Anastacio Gonzalez Jul 11, 2021 2:02PM ET
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I'd swing Delta
Francis Mensah
Francis Mensah Jul 11, 2021 1:40PM ET
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Oh kk
Renzo Francesqui
Renzo Francesqui Jul 11, 2021 1:27PM ET
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JPM looks promising
Frank Palacios
Frank Palacios Jul 11, 2021 1:19PM ET
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Shiba inu how does lit look
 
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