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What Cramer is watching Wednesday — more hot inflation, PepsiCo strong, drug stocks mixed - CtrlF.XYZ

What Cramer is watching Wednesday — more hot inflation, PepsiCo strong, drug stocks mixed

2 years ago 134

Traders connected the level of the NYSE Sept. 30, 2022.

Source: NYSE

What I americium looking astatine Wednesday, Oct. 12, 2022

U.S. banal futures suffer immoderate steam arsenic enslaved yields emergence aft the authorities says shaper prices successful September were hotter than expected. There's thing bully here. Market inactive expects a 4th consecutive 75-basis-point involvement complaint hike astatine the Federal Reserve's gathering adjacent month. Thursday, we get the latest work connected user prices.
PepsiCo (PEP) jumped 3% successful the premarket aft reporting better-than-expected quarterly net and gross and raises guidance. Starting to spot crook successful costs. Revenue maturation 16%. Case volumes up. Taking stock everywhere, particularly successful Frito and Gatorade. Growing everyplace successful large brands. Big change: Backing large categories nary longer niche items. Affordable luxury.

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