Market News & Analysis

Top Story

Earnings Play: PPL Corp.

On Friday, before market, PPL Corp. (PPL) is anticipated to report 1Q EPS of $0.72 compared to $0.70 the prior year on revenue of approximately $2.2B vs. $2.1B last year. The company's current analyst consensus rating is 5 buys, 8 holds and 0 sells, according to Bloomberg. 

From a technical point of view, PPL Corp.'s stock price recently broke below a rising trend line. Prices have entered into a decline after confirming a lower high and a lower low as of May 6th as the stock failed to get back above its 20-day moving average. We can expect prices to continue trending down towards the $21.00 level and possibly retest the 2020 low at $18.00. The RSI has also broken below a rising trend line and currently sits below its 50 median level. A stop-loss can be set near the last high at $27.00.          

Source: GAIN Capital, TradingView

From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.

As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.