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🔔Mid Day Trading Update🔔
📅Tuesday 12/7/2022📅
🟢Bullish Activity🟢
$PEP
Shares are moving higher this morning after the beverage and snack maker reported Q2 earnings of $1.86 per share $0.12 beat on revenue that rose 5.2% YOY to $20.23B above the $19.51B consensus. The company forecasts its full-year 2022 EPS guidance of $6.63 compared to the $6.66 consensus and raised its organic revenue guidance to $10% from 8%. Consistent with their previous guidance for 2022 it continues to expect: A core annual effective tax rate of 20%; total cash returns to shareholders of around $7.7B, comprised of $6.2B in dividends and $1.5B in share repurchases. The July 15th 177.50 call being the highest volume contract.
$GKOS
Also to the upside after Stifel upgraded the ophthalmic medical technology and pharmaceutical company to Buy from Hold and raised their price target on the stock to $60.00 from $40.00. The July 15th 50.00 call being the highest volume contract.
New 52-week highs: ( $CI + $0.3