The S&P 500 Index has wavered in the last month as energy and artificial intelligence stocks pulled back. It ended the week at $7,483, a few points below the all-time high of $7,620.
The next few weeks will be important as the earnings season starts. Estimates are that the average earnings growth in the second quarter was 22%, though the final figure will be better than expected. This article explores the top stocks to watch next week, including PepsiCo (PEP), Delta Air Lines (NYSE:DAL), and Micron (NASDAQ:MU).
PepsiCo Stock in a Correction Ahead of Earnings
PepsiCo, the beverage and snacking company, will be in focus as it publishes its financial results on July 9. These results come at a time when it remains in a correction after falling by over 15% from its highest point this year.
The most recent earnings report showed that its revenue and earnings per share were better-than-expected. It made $19.44 billion in Q1, higher than the consensus estimate of $18.94 billion. Notably, its North American food business reported an increase in volume for the first time in two years.
