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USA Bollinger Band Indicates Bullish Stocks: $PEP $XOM $ABT

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PepsiCo Signs Leases Deal With Pecos Logistics Park and Partnership With Microsoft

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PepsiCo, Inc. (NASDAQ:PEP) 20 Days Bollinger Band $133.12 is below the last trading price, and the price currently looks bullish. The company signed a lease deal last month for a 283,500 commercial at the Pecos Logistics Park in the north of Denver. The industrial park being developed by Westfield Co will have around 1.15 million sq. ft. of commercial space and is located at the middle triangle of highway 25, 70, and 76 in Adams County.

Also, the company announced a five-year partnership last month with Microsoft Corp. the deal will help enhance Pepsi's ability to address growing demand as well as drive proprietary innovation across consumer experiences. Following the deal, Microsoft will roll out Microsoft teams and Microsoft 365 to all the 270,000 Pepsi employees across the globe.

Exxon Mobil Announces Job Cuts And Projects Delays To Safe Dividends

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Exxon Mobil Corporation (NYSE:XOM) stock is also looking bullish and its 20 Days Bollinger Band of $41.89 is below its last trading price. The oil major is planning cut jobs and deep spending in a bid to preserve shareholder dividends in the quarter. The company expects a loss of $2.63 billion in the quarter due to weaker production and lower global oil prices.

One of the things the company is doing to protect its books is delaying the $30 billion per year plan of rebuilding its aging portfolio across the globe. The company is delaying the development of the Permian Basin Shale, deepwater oil in Brazil and Guyana and gas exports from Papua New Guinea and Mozambique

Abbott Commences Study Evaluating New Device In Treatment of PAF

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Another stock that is currently looking bullish is Abbott Laboratories (NYSE:ABT) whose 20 Days Bollinger Band $94.57 is below its last trading price. The company has commenced registration in the TactiFlex PAF IDE trial evaluating a new device used in treating patients with paroxysmal atrial fibrillation (PAF). The study supports the company's focus on being electrophysiologists' partners in the treatment of atrial fibrillation. Abbot will evaluate the investigational TactiFlex(TM) Ablation Catheter's performance in individuals showing symptoms of atrial fibrillation that cannot be managed by medication.

Demand for the company's COVID-19 tests has continued to surge as the virus ravages the globe. Abbot reported $615 million in Q2 in COVID-19 diagnostic-test related sales out of its total $7.3 billion global sales.

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