Consumer Non-Cyclicals

PepsiCo heads into October 8 earnings with North America under pressure, fresh price increases, activist scrutiny and a 4.7% dividend yield.

TradingKey - In the week ahead (October 5 to October 9), the Federal Reserve's policy path will remain the central focus of market trading. The U.S. will release the September ISM Services Index, August trade balance, consumer credit, initial jobless claims, and the preliminary October University of Michigan Consumer Sentiment Index. Meanwhile, the September FOMC meeting minutes, to be released on Wednesday, will offer investors further clues to gauge whether the Fed will continue raising interest rates in October.

Constellation Brands faces an October 6 earnings test as beer demand, margin pressure and a discounted valuation shape the STZ stock outlook.

TradingKey - Conagra faces a Q1 earnings test after cutting its dividend. Explore CAG’s latest news, fundamentals, valuation and key technical levels.

TradingKey - As high mortgage rates continue to weigh on the U.S. housing market and put pressure on homebuilder earnings, Berkshire Hathaway (BRK.A), long built by Warren Buffett, has further expanded its investment in the U.S. residential construction sector.

TradingKey - Berkshire Hathaway (BRK.A, BRK.B) announced on September 18 that 96-year-old Warren Buffett has officially stepped down as chairman effective immediately, assuming the role of honorary chairman and continuing to serve as a director of the company.