The beverage and snack food giant is seeing shares get a boost from its results and outlook, but the bigger technical picture isn't encouraging.
The Fed has spoken, and we know a rough ride likely awaits as the inflation battle rages on. So, here we'll compare the First Trust Consumer Staples AlphaDEX and the Consumer Staples Select Sector SPDR funds.
Let's see if the strength can continue.
The beverage giant just posted a second-quarter earnings beat, but whether its stock can push through technical resistance remains to be seen.
These stocks have done me right of late, and are in better technical shape than the market.
The company, despite a nice looking first quarter, has not been in the greatest shape fundamentally.
For now, any rebound is a short-term trading opportunity and nothing more.
Rather than try to catch falling knives, traders should give a look at Merck, IBM and Procter & Gamble.
Here's how I would play the XLP right now.
Names like J.M. Smucker and Kraft-Heinz may seem dull, but they provided needed stability in this kind of market. Let me show you why it's time to get back to the basics.