Pepsico had its Relative Strength (RS) Rating upgraded from 80 to 84 Thursday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest runs.
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Pepsico is building a flat base with a 177.72 buy point. See if the stock can break out in heavy volume should the market turn to an uptrend. Any buys right now might be to risky. On positive is the RS Line, which is nearing a new high.
Earnings News
Earnings growth rose in the company's latest report from 4% to 7%, but the top line fell from 12% to 9%. The company is expected to report its latest results on or around Jul. 13.
Pepsico stock holds the No. 3 rank among its peers in the Food-Packaged industry group. Campbell Soup and Kellogg are also among the group's highest-rated stocks.
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