{"id":51627,"date":"2026-07-10T06:14:55","date_gmt":"2026-07-10T06:14:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/zh\/uncategorized\/51627\/"},"modified":"2026-07-10T06:14:55","modified_gmt":"2026-07-10T06:14:55","slug":"%e7%99%be%e4%ba%8b%ef%bc%88pep%ef%bc%89%e8%82%a1%e5%83%b9%e4%b8%8b%e8%b7%8c%e3%80%80%e5%8c%97%e7%be%8e%e9%9c%80%e6%b1%82%e7%96%b2%e5%bc%b1%e8%93%8b%e9%81%8e%e7%87%9f%e6%94%b6%e5%8b%9d%e9%a0%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/analysis\/51627\/","title":{"rendered":"\u767e\u4e8b\uff08PEP\uff09\u80a1\u50f9\u4e0b\u8dcc\u3000\u5317\u7f8e\u9700\u6c42\u75b2\u5f31\u84cb\u904e\u71df\u6536\u52dd\u9810\u671f"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/discover-1024x559.webp\" alt=\"\" class=\"wp-image-61557\"\/><\/figure>\n\n\n\n<p><strong>\u91cd\u9ede<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u767e\u4e8b\uff08PepsiCo\uff0cNASDAQ\uff1aPEP\uff09\u7b2c\u4e8c\u5b63\uff08Q2\uff09\u696d\u7e3e\u66f4\u65b0\u53cd\u6620\u5317\u7f8e\u9700\u6c42\u8f49\u5f31\uff0c\u80a1\u50f9\u56de\u843d\u81f3\u7d04138\u7f8e\u5143\u3002<\/li>\n\n\n\n<li>\u6de8\u6536\u5165\uff08net revenue\uff1a\u6263\u9664\u6298\u6263\u53ca\u9000\u8ca8\u7b49\u5f8c\u7684\u6536\u5165\uff09\u6309\u5e74\u53476.4%\u81f3\u7d04242\u5104\u7f8e\u5143\uff0c\u4e3b\u8981\u7531\u6d77\u5916\u696d\u52d9\u589e\u9577\u5e36\u52d5\u3002<\/li>\n\n\n\n<li>\u5317\u7f8e\u6709\u6a5f\u6536\u5165\uff08organic revenue\uff1a\u6487\u9664\u4f75\u8cfc\u3001\u8cc7\u7522\u51fa\u552e\u53ca\u532f\u7387\u5f71\u97ff\u5f8c\u7684\u5167\u751f\u589e\u9577\uff09\u8dcc0.5%\uff1b\u5317\u7f8e\u98f2\u54c1\u6709\u6a5f\u92b7\u91cf\uff08organic volume\uff1a\u6487\u9664\u4f75\u8cfc\u7b49\u5f71\u97ff\u5f8c\u7684\u5be6\u969b\u92b7\u91cf\u8b8a\u5316\uff09\u8dcc4%\u3002<\/li>\n\n\n\n<li>\u901a\u8139\u53ca\u71c3\u6cb9\u6210\u672c\u4e0a\u5347\u62d6\u7d2f\u6d88\u8cbb\u8005\u5728\u96f6\u98df\u53ca\u98f2\u54c1\u7684\u958b\u652f\u3002<\/li>\n\n\n\n<li>PEP\u65e5\u7dda\u5716\u986f\u793a\uff0c\u77ed\u7dda\u963b\u529b\u5728138.75\u7f8e\u5143\u9644\u8fd1\uff1b\u95dc\u9375\u652f\u6301\u4f4d\u7559\u610f134.70\u7f8e\u5143\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>\u767e\u4e8b\u80a1\u50f9\u4e0b\u632b\uff0c\u6295\u8cc7\u8005\u805a\u7126\u5317\u7f8e\u9700\u6c42\u8f49\u5f31\uff1b\u5373\u4f7f\u6574\u9ad4\u6536\u5165\u589e\u9577\u8f03\u5f37\uff0c\u4ea6\u672a\u80fd\u6539\u5584\u5e02\u5834\u6182\u616e\u3002<\/p>\n\n\n\n<p>\u6309\u63d0\u4f9b\u7684\u65e5\u7dda\u5716\uff0c\u80a1\u50f9\u5728137.86\u7f8e\u5143\u9644\u8fd1\u4ea4\u6613\uff0c\u7576\u65e5\u8dcc\u903e3%\u3002\u80a1\u50f9\u65e9\u6bb5\u66fe\u8dcc\u81f3\u7d04134.69\u7f8e\u5143\u5f8c\u53cd\u5f48\uff0c\u6536\u5fa9\u90e8\u5206\u8dcc\u5e45\u3002<\/p>\n\n\n\n<p>\u7b2c\u4e8c\u5b63\u6de8\u6536\u5165\u53476.4%\u81f3\u7d04242\u5104\u7f8e\u5143\uff0c\u9ad8\u65bc\u5e02\u5834\u9810\u671f\u3002\u5168\u7403\u65b9\u4fbf\u98df\u54c1\uff08convenient foods\uff1a\u5373\u98df\/\u6613\u4fdd\u5b58\u96f6\u98df\u7b49\uff09\u6709\u6a5f\u92b7\u91cf\u53473%\uff1b\u5168\u7403\u98f2\u54c1\u6709\u6a5f\u92b7\u91cf\u53472%\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/x.com\/search?q=%24PEP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEP<\/a> In Q2, we delivered another strong quarter with 6.4% net revenue growth. Our international business grew revenue again, and our North America convenient foods business gained volume share\u2014supported by continued brand investment and consumer-centric innovation. Full earnings\u2026 <a href=\"https:\/\/t.co\/GAFe4N492j\">pic.twitter.com\/GAFe4N492j<\/a><\/p>&mdash; PepsiCo (@PepsiCo) <a href=\"https:\/\/x.com\/PepsiCo\/status\/2075205859051753564?ref_src=twsrc%5Etfw\">July 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u4e0d\u904e\uff0c\u6536\u5165\u8868\u73fe\u672a\u80fd\u6d88\u9664\u5e02\u5834\u5c0d\u6838\u5fc3\u5317\u7f8e\u5e02\u5834\u7684\u64d4\u6182\uff1a\u5317\u7f8e\u6709\u6a5f\u6536\u5165\u8dcc0.5%\uff0c\u767e\u4e8b\u5317\u7f8e\u98f2\u54c1\u696d\u52d9\u6709\u6a5f\u92b7\u91cf\u8dcc4%\u3002<\/p>\n\n\n\n<p>\u5e02\u5834\u53cd\u61c9\u53cd\u6620\u4ea4\u6613\u54e1\u66f4\u5728\u610f\u672c\u571f\u9700\u6c42\u8f49\u5f31\u3001\u5229\u6f64\u7387\uff08margin\uff1a\u6bcf1\u5143\u6536\u5165\u53ef\u7559\u4e0b\u591a\u5c11\u76c8\u5229\u7684\u6bd4\u7387\uff09\u53d7\u58d3\uff0c\u4ee5\u53ca\u516c\u53f8\u80fd\u5426\u4ee4\u96f6\u98df\u8207\u98f2\u54c1\u91cd\u56de\u589e\u9577\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6d88\u8cbb\u8005\u7e2e\u6e1b\u96f6\u98df\u8207\u98f2\u54c1\u958b\u652f<\/h3>\n\n\n\n<p>\u901a\u8139\u662f\u767e\u4e8b\u5317\u7f8e\u696d\u52d9\u7684\u4e3b\u8981\u58d3\u529b\u4f86\u6e90\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">PepsiCo&#39;s Q2 earnings report revealed that inflation is causing consumers to spend less on its core products such as snacks and soda. <a href=\"https:\/\/t.co\/Ff63Me7I2d\">pic.twitter.com\/Ff63Me7I2d<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/x.com\/YahooFinance\/status\/2075235812354986082?ref_src=twsrc%5Etfw\">July 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5728\u901a\u8139\u58d3\u529b\u4e0a\u5347\u4e0b\uff0c\u6d88\u8cbb\u8005\u9810\u7b97\u6536\u7dca\uff0c\u7f8e\u570b\u98df\u54c1\u53ca\u98f2\u54c1\u985e\u5225\u589e\u9577\u653e\u6162\u3002\u5317\u7f8e\u98f2\u54c1\u6709\u6a5f\u92b7\u91cf\u6301\u7e8c\u504f\u5f31\uff1b\u767e\u4e8b\u5317\u7f8e\u98df\u54c1\uff08PepsiCo Foods North America\uff09\u7b2c\u4e8c\u5b63\u6de8\u6536\u5165\u8dcc2%\u3002<\/p>\n\n\n\n<p>\u71c3\u6cb9\u6210\u672c\u4e0a\u5347\u4ea6\u6539\u8b8a\u6d88\u8cbb\u7fd2\u6163\u3002\u6cb9\u50f9\u9ad8\u4f01\u5c0d\u9700\u6c42\u6253\u64ca\u5927\u65bc\u9810\u671f\uff0c\u6d88\u8cbb\u8005\u8f49\u5411\u8f03\u4fbf\u5b9c\u66ff\u4ee3\u54c1\u53ca\u8f03\u7d30\u5305\u88dd\u3002<\/p>\n\n\n\n<p>\u516c\u53f8\u65e9\u524d\u70baLay\u2019s\u3001Doritos\u7b49\u54c1\u724c\u6e1b\u50f9\uff0c\u76ee\u6a19\u5438\u5f15\u91cd\u8996\u6027\u50f9\u6bd4\u7684\u9867\u5ba2\uff0c\u4f46\u7b2c\u4e8c\u5b63\u5fa9\u7526\u4e0d\u5e73\u5747\uff1a\u5317\u7f8e\u96f6\u98df\u92b7\u91cf\u6301\u5e73\uff0c\u800c<a href=\"https:\/\/finance.yahoo.com\/economy\/articles\/pepsico-says-economic-concerns-weighed-102047268.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u5317\u7f8e\u98f2\u54c1\u6709\u6a5f\u92b7\u91cf\u8dcc4%<\/a>\u3002<\/p>\n\n\n\n<p>\u53cd\u6620\u5373\u4f7f\u54c1\u724c\u63d0\u4f9b\u66f4\u300c\u62b5\u8cb7\u300d\uff0c\u6d88\u8cbb\u8005\u4f9d\u7136\u9078\u64c7\u6027\u6d88\u8cbb\u3002\u4ea4\u6613\u5c64\u9762\u95dc\u6ce8\uff1a\u767e\u4e8b\u80fd\u5426\u5728\u4e0d\u9032\u4e00\u6b65\u72a7\u7272\u5b9a\u50f9\u53ca\u5229\u6f64\u7387\u4e0b\uff0c\u7a69\u4f4f\u92b7\u91cf\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6d77\u5916\u589e\u9577\u62b5\u92b7\u672c\u571f\u8f49\u5f31<\/h3>\n\n\n\n<p>\u6d77\u5916\u696d\u52d9\u4ecd\u662f\u672c\u5b63\u6700\u5f37\u677f\u584a\u3002<\/p>\n\n\n\n<p>\u6d77\u5916\u6709\u6a5f\u6536\u5165\u53477%\uff0c\u65b9\u4fbf\u98df\u54c1\u53ca\u98f2\u54c1\u5747\u9304\u5f97\u589e\u9577\u3002\u6d77\u5916\u6838\u5fc3\u7d93\u71df\u5229\u6f64\u7387\uff08core operating margin\uff1a\u4ee5\u300c\u6838\u5fc3\u300d\u53e3\u5f91\u8a08\u7b97\u3001\u5254\u9664\u4e00\u6b21\u6027\/\u975e\u7d93\u5e38\u9805\u76ee\u7684\u7d93\u71df\u5229\u6f64\u7387\uff09\u4ea6\u64f4\u5927\uff0c\u53cd\u6620\u898f\u6a21\u6548\u61c9\uff08scale\uff1a\u898f\u6a21\u6108\u5927\u3001\u55ae\u4f4d\u6210\u672c\u6709\u6a5f\u6703\u4e0b\u964d\uff09\u3002<\/p>\n\n\n\n<p>\u6b64\u8209\u6709\u52a9\u62b5\u92b7\u5317\u7f8e\u75b2\u5f31\uff0c\u4e26\u4ee4\u5168\u5e74\u5c55\u671b\u7dad\u6301\u4e0d\u8b8a\u3002\u516c\u53f8\u4ecd\u9810\u671f2026\u8ca1\u5e74\uff1a\u6709\u6a5f\u6536\u5165\u589e\u95772%\u81f34%\uff0c\u4ee5\u53ca\u6838\u5fc3\u56fa\u5b9a\u532f\u7387\u6bcf\u80a1\u76c8\u5229\uff08core constant-currency EPS\uff1a\u4ee5\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u3001\u6e1b\u5c11\u532f\u7387\u6ce2\u52d5\u5f71\u97ff\u7684\u300c\u6838\u5fc3\u300d\u6bcf\u80a1\u76c8\u5229\uff09\u589e\u95774%\u81f36%\u3002<\/p>\n\n\n\n<p>\u73fe\u6642\u6295\u8cc7\u8005\u7126\u9ede\u5728\u65bc\u300c\u6d77\u5916\u5f37\u3001\u5317\u7f8e\u5f31\u300d\u7684\u843d\u5dee\u3002\u6d77\u5916\u589e\u9577\u652f\u6490\u6574\u9ad4\u6536\u5165\uff0c\u4f46\u672c\u571f\u653e\u6162\u4ecd\u62d6\u7d2f\u5e02\u5834\u60c5\u7dd2\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5229\u6f64\u7387\u53d7\u58d3\u4ecd\u662f\u98a8\u96aa<\/h3>\n\n\n\n<p>\u7b2c\u4e8c\u5b63\u6838\u5fc3\u7d93\u71df\u6ea2\u5229\uff08core operating profit\uff1a\u5254\u9664\u4e00\u6b21\u6027\/\u975e\u7d93\u5e38\u9805\u76ee\u7684\u7d93\u71df\u6ea2\u5229\uff09\u53474%\uff0c\u4f46\u6838\u5fc3\u7d93\u71df\u5229\u6f64\u7387\u4e0b\u8dcc40\u500b\u57fa\u9ede\uff08basis points\uff0fbp\uff1a1\u500b\u57fa\u9ede=0.01\u500b\u767e\u5206\u9ede\uff0c\u537340bp=0.40\u500b\u767e\u5206\u9ede\uff09\u3002<\/p>\n\n\n\n<p>\u5229\u6f64\u7387\u53d7\u58d3\uff0c\u4e3b\u8981\u4f86\u81ea\u65b9\u4fbf\u98df\u54c1\u7684\u300c\u53ef\u8ca0\u64d4\u300d\u6295\u8cc7\uff08affordability investments\uff1a\u4f8b\u5982\u964d\u50f9\u3001\u4fc3\u92b7\u7b49\uff09\uff0c\u4ee5\u53ca\u98f2\u54c1\u696d\u52d9\u7684\u92b7\u91cf\u8207\u6e20\u9053\u7d44\u5408\uff08mix\uff1a\u4e0d\u540c\u7522\u54c1\/\u92b7\u552e\u6e20\u9053\u6bd4\u4f8b\u6539\u8b8a\uff0c\u5f71\u97ff\u76c8\u5229\u80fd\u529b\uff09\u8b8a\u5dee\u3002<\/p>\n\n\n\n<p>\u516c\u53f8\u9810\u671f\u4e0b\u534a\u5e74\u539f\u6750\u6599\u53ca\u76f8\u95dc\u6295\u5165\u6210\u672c\uff08input costs\uff1a\u751f\u7522\u6240\u9700\u6750\u6599\u3001\u904b\u8f38\u7b49\u6210\u672c\uff09\u7684\u901a\u8139\u58d3\u529b\u5c07\u8f03\u4e0a\u534a\u5e74\u66f4\u9ad8\uff1b\u4e0d\u904e\uff0c\u63d0\u5347\u6548\u7387\u5e36\u4f86\u7684\u7bc0\u7701\uff08productivity savings\uff1a\u6d41\u7a0b\u6539\u5584\u3001\u4f9b\u61c9\u93c8\u512a\u5316\u7b49\u7bc0\u7701\uff09\u53ca\u95dc\u7a05\u76f8\u95dc\u9000\u6b3e\u7533\u7d22\uff08tariff-related refund claims\uff1a\u5c31\u5df2\u7e73\u95dc\u7a05\u63d0\u51fa\u9000\u56de\u7533\u8acb\uff09\u6216\u53ef\u62b5\u92b7\u90e8\u5206\u58d3\u529b\u3002<\/p>\n\n\n\n<p>\u672a\u4f86\u6578\u5b63\u8b8a\u5f97\u95dc\u9375\uff1a\u5e02\u5834\u5c07\u89c0\u5bdf\u767e\u4e8b\u80fd\u5426\u91cd\u5efa\u5317\u7f8e\u589e\u9577\uff0c\u540c\u6642\u907f\u514d\u5229\u6f64\u7387\u8dcc\u5f97\u592a\u591a\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u95dc\u9375\u4ea4\u6613\u4f4d<\/h2>\n\n\n\n<!-- TradingView Widget BEGIN --><div class=\"tradingview-widget-container\">  <div class=\"tradingview-widget-container__widget\"><\/div>  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-PEP\/\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">PEP stock chart<\/span><\/a><span class=\"trademark\"> by TradingView<\/span><\/div>  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-advanced-chart.js\" async>  {  \"allow_symbol_change\": true,  \"calendar\": false,  \"details\": false,  \"hide_side_toolbar\": true,  \"hide_top_toolbar\": false,  \"hide_legend\": false,  \"hide_volume\": false,  \"hotlist\": false,  \"interval\": \"D\",  \"locale\": \"en\",  \"save_image\": true,  \"style\": \"1\",  \"symbol\": \"NASDAQ:PEP\",  \"theme\": \"dark\",  \"timezone\": \"Etc\/UTC\",  \"backgroundColor\": \"#0F0F0F\",  \"gridColor\": \"rgba(242, 242, 242, 0.06)\",  \"watchlist\": [],  \"withdateranges\": false,  \"compareSymbols\": [],  \"studies\": [],  \"width\": 900,  \"height\": 500}  <\/script><\/div><!-- TradingView Widget END -->\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u50f9\u683c\u6c34\u5e73<\/strong><\/td><td><strong>\u4ea4\u6613\u54e1\u95dc\u6ce8\u9ede<\/strong><\/td><\/tr><tr><td>$149.00<\/td><td>\u8f03\u5927\u963b\u529b\u4f4d\uff0c\u4f86\u81ea\u8fd1\u671f\u6025\u5347\u9ad8\u4f4d\uff08spike high\uff1a\u77ed\u6642\u9593\u6025\u5347\u5f62\u6210\u7684\u9ad8\u4f4d\uff09<\/td><\/tr><tr><td>$147.00<\/td><td>\u53cd\u5f48\u5ef6\u7e8c\u6642\u7684\u7b2c\u4e8c\u9053\u963b\u529b<\/td><\/tr><tr><td>$145.00<\/td><td>7\u6708\u521d\u5340\u9593\uff08range\uff1a\u4e00\u6bb5\u6642\u9593\u5167\u4e0a\u843d\u7bc4\u570d\uff09\u53cd\u5f48\u7684\u95dc\u53e3<\/td><\/tr><tr><td>$142.50<\/td><td>\u77ed\u7dda\u963b\u529b\uff0c\u4f86\u81ea\u6700\u65b0\u8dcc\u7a7f\u5f8c\u7684\u58d3\u529b\uff08breakdown\uff1a\u8dcc\u7a7f\u91cd\u8981\u652f\u6301\uff09<\/td><\/tr><tr><td>$140.00<\/td><td>\u5fc3\u7406\u95dc\u53e3\uff08psychological level\uff1a\u6574\u6578\u4f4d\u5e38\u88ab\u5e02\u5834\u8996\u70ba\u91cd\u8981\uff09<\/td><\/tr><tr><td>$138.75<\/td><td>\u5373\u6642\u963b\u529b\uff0c\u63a5\u8fd1\u6700\u65b0\u4ea4\u6613\u65e5\u9ad8\u4f4d<\/td><\/tr><tr><td>$137.86<\/td><td>\u73fe\u6642\u5716\u8868\u4ea4\u6613\u5340\u57df<\/td><\/tr><tr><td>$135.00<\/td><td>\u5fc3\u7406\u652f\u6301\u5340<\/td><\/tr><tr><td>$134.70<\/td><td>\u6700\u65b0\u4ea4\u6613\u65e5\u4f4e\u4f4d\u53ca\u95dc\u9375\u652f\u6301<\/td><\/tr><tr><td>$134.00<\/td><td>\u8f03\u5927\u4e0b\u884c\u53c3\u8003\u4f4d<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>PEP\u65e5\u7dda\u5716\u986f\u793a\uff0c\u80a1\u50f9\u958b\u5e02\u7d04137.09\u7f8e\u5143\u5f8c\uff0c\u5728137.86\u7f8e\u5143\u9644\u8fd1\u4ea4\u6613\uff1b\u6700\u65b0\u4ea4\u6613\u65e5\u9ad8\u4f4d\u7d04138.74\u7f8e\u5143\uff0c\u4f4e\u4f4d\u7d04134.69\u7f8e\u5143\u3002<\/p>\n\n\n\n<p>\u9577\u4e0b\u5f71\u7dda\uff08long lower wick\uff1aK\u7dda\u5e95\u90e8\u7d30\u9577\u90e8\u5206\uff0c\u4ee3\u8868\u4f4e\u4f4d\u66fe\u88ab\u8cb7\u76e4\u627f\u63a5\uff09\u53cd\u6620\u696d\u7e3e\u5f8c\u6025\u8dcc\u521d\u6bb5\u51fa\u73fe\u8cb7\u76e4\u3002\u4e0d\u904e\uff0c\u80a1\u50f9\u4ecd\u4f4e\u65bc7\u6708\u521d\u5340\u9593\uff0c\u77ed\u671f\u8d70\u52e2\u4ecd\u504f\u5f31\u3002<\/p>\n\n\n\n<p>\u77ed\u7dda\u963b\u529b\u5728138.75\u7f8e\u5143\u9644\u8fd1\u3002\u82e5\u80fd\u4f01\u7a69\uff08sustained move\uff1a\u6301\u7e8c\u7ad9\u7a69\u800c\u975e\u77ed\u66ab\u89f8\u53ca\uff09\uff0c\u6216\u6703\u4e0a\u671b140.00\u7f8e\u5143\u5fc3\u7406\u95dc\u53e3\u3002<\/p>\n\n\n\n<p>\u5982\u53cd\u5f48\u66f4\u5f37\uff0c\u9700\u8981\u5347\u7a7f142.50\u7f8e\u5143\uff0c\u5e02\u5834\u7126\u9ede\u6216\u8f49\u5411145.00\u7f8e\u5143\uff0c\u5176\u5f8c\u70ba147.00\u7f8e\u5143\u53ca149.00\u7f8e\u5143\u9644\u8fd1\u3002<\/p>\n\n\n\n<p>\u4e0b\u884c\u65b9\u9762\uff0c135.00\u7f8e\u5143\u70ba\u9996\u500b\u5fc3\u7406\u652f\u6301\u3002\u82e5\u8dcc\u7a7f\uff0c\u6216\u518d\u5ea6\u8003\u9a57134.70\u7f8e\u5143\u9644\u8fd1\u4f4e\u4f4d\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u504f\u597d\u8207\u504f\u6de1\u90e8\u7f72<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/codeYzIyMjc4MDBhNDZhMjMwYzRiNTIyMzYwZDY2ZjIwNjVfTXd0Z01OaVM5QWNuMGx2UVZvRnhpRnBvM3hkWHVXWnJfVG9rZW46WlVnYmJseGZKb0RTREN4VTRvc2xjWXpYZ003XzE3ODM2NjI3ODQ6MTc4MzY2NjM4NF9WNAampadd_watermarktrueampscene_typeCCM.png\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u60c5\u5883<\/strong><\/td><td><strong>\u89f8\u767c\u689d\u4ef6<\/strong><\/td><td><strong>\u53ef\u80fd\u5e02\u5834\u53cd\u61c9<\/strong><\/td><\/tr><tr><td>\u5617\u8a66\u53cd\u5f48<\/td><td>\u5347\u7a7f$138.75<\/td><td>PEP\u6216\u56de\u8a66$140.00<\/td><\/tr><tr><td>\u504f\u597d\u5ef6\u4f38<\/td><td>\u5347\u7a7f$140.00<\/td><td>\u7126\u9ede\u6216\u8f49\u5411$142.50<\/td><\/tr><tr><td>\u8f03\u5927\u53cd\u5f48<\/td><td>\u5347\u7a7f$142.50<\/td><td>\u80a1\u50f9\u6216\u4e0a\u8a66$145.00\u81f3$147.00<\/td><\/tr><tr><td>\u5340\u9593\u6574\u56fa<\/td><td>\u7dad\u6301\u5728$135.00\u81f3$138.75\u4e4b\u9593<\/td><td>\u4ea4\u6613\u54e1\u6216\u91cd\u65b0\u8a55\u4f30\u696d\u7e3e\u5f8c\u53cd\u61c9<\/td><\/tr><tr><td>\u504f\u6de1\u5ef6\u7e8c<\/td><td>\u8dcc\u7a7f$135.00<\/td><td>PEP\u6216\u56de\u8a66$134.70<\/td><\/tr><tr><td>\u66f4\u6df1\u8dcc\u7a7f<\/td><td>\u8dcc\u7a7f$134.70<\/td><td>\u8dcc\u52e2\u6216\u5ef6\u4f38\u81f3$134.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u504f\u597d\u60c5\u5883\u53d6\u6c7a\u65bcPEP\u80fd\u5426\u5347\u7a7f\u4e26\u5b88\u4f4f138.75\u7f8e\u5143\uff0c\u4ee3\u8868\u5e02\u5834\u958b\u59cb\u6de1\u5316\u696d\u7e3e\u5f8c\u7684\u521d\u6b65\u8f49\u5f31\u3002<\/p>\n\n\n\n<p>\u5982\u78ba\u8a8d\u5347\u7a7f\uff08confirmed break\uff1a\u6536\u5e02\u6216\u591a\u6b21\u6e2c\u8a66\u5f8c\u4ecd\u7ad9\u7a69\uff09140.00\u7f8e\u5143\uff0c\u77ed\u7dda\u53cd\u5f48\u5f62\u614b\u6709\u671b\u6539\u5584\uff0c\u7126\u9ede\u4e0a\u79fb\u81f3142.50\u7f8e\u5143\u3002<\/p>\n\n\n\n<p>\u82e5\u518d\u5347\u7a7f142.50\u7f8e\u5143\uff0c\u5e02\u5834\u6216\u4e0a\u671b145.00\u7f8e\u5143\uff0c\u5176\u5f8c\u7559\u610f147.00\u7f8e\u5143\u5340\u57df\u3002<\/p>\n\n\n\n<p>\u4e2d\u6027\u60c5\u5883\u70ba\u5728135.00\u81f3138.75\u7f8e\u5143\u4e4b\u9593\u6574\u56fa\uff08consolidation\uff1a\u7a84\u5e45\u4e0a\u843d\uff09\u3002\u53cd\u8986\u8d70\u52e2\u6216\u4ee3\u8868\u4ea4\u6613\u54e1\u7b49\u5f85\u5317\u7f8e\u6539\u5584\u7684\u66f4\u6e05\u6670\u4fe1\u865f\u3002<\/p>\n\n\n\n<p>\u504f\u6de1\u60c5\u5883\u5728\u8dcc\u7a7f135.00\u7f8e\u5143\u5f8c\u8f49\u5f37\uff1b\u82e5\u78ba\u8a8d\u8dcc\u7a7f\uff0c\u6216\u518d\u5ea6\u805a\u7126134.70\u7f8e\u5143\u9644\u8fd1\u4f4e\u4f4d\u3002<\/p>\n\n\n\n<p><em>\u514d\u8cac\u8072\u660e<\/em><\/p>\n\n\n\n<p><em>\u4ee5\u4e0a\u50f9\u4f4d\u8207\u60c5\u5883\u70ba\u4f5c\u8005\u64b0\u5beb\u6642\u89c0\u9ede\uff0c\u4e26\u975e\u6295\u8cc7\u5efa\u8b70\uff0c\u4ea6\u4e0d\u69cb\u6210VT Markets\u7684\u4efb\u4f55\u5b98\u65b9\u63a8\u85a6\u3002\u6295\u8cc7\u8005\u61c9\u81ea\u884c\u5206\u6790\uff0c\u4e26\u5be9\u614e\u7ba1\u7406\u98a8\u96aa\u3002<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u901a\u904eVT Markets\u8cb7\u8ce3\u767e\u4e8b\u5dee\u50f9\u5408\u7d04\uff08CFD\uff09<\/h2>\n\n\n\n<p>\u767e\u4e8b\u5c6c\u6d88\u8cbb\u5fc5\u9700\u54c1\uff08consumer staples\uff1a\u4e0d\u8ad6\u7d93\u6fdf\u597d\u58de\u90fd\u5e38\u898b\u9700\u6c42\u7684\u65e5\u7528\u54c1\/\u98df\u54c1\u98f2\u54c1\uff09\u677f\u584a\u7126\u9ede\u80a1\u4efd\uff0c\u5e02\u5834\u95dc\u6ce8\u901a\u8139\u58d3\u529b\u3001\u696d\u7e3e\u8868\u73fe\u53ca\u7f8e\u80a1\u60c5\u7dd2\u3002<\/p>\n\n\n\n<p>\u5728VT Markets\uff0c\u4ea4\u6613\u54e1\u53ef\u5728\u540c\u4e00\u5e73\u53f0\u8cb7\u8ce3\u767e\u4e8b\u80a1\u7968\u5dee\u50f9\u5408\u7d04\uff08share CFDs\uff1a\u4ee5\u5408\u7d04\u65b9\u5f0f\u8ffd\u8e64\u80a1\u50f9\u5347\u8dcc\u7684\u7522\u54c1\uff0c\u4e0d\u9700\u6301\u6709\u5be6\u80a1\uff09\uff0c\u4ea6\u53ef\u4ea4\u6613\u4e3b\u8981\u6307\u6578\u3001\u5916\u532f\u3001\u9ec3\u91d1\u3001\u539f\u6cb9\u3001ETF\uff08\u4ea4\u6613\u6240\u8cb7\u8ce3\u57fa\u91d1\uff1a\u5728\u4ea4\u6613\u6240\u8cb7\u8ce3\u3001\u8ffd\u8e64\u4e00\u7c43\u5b50\u8cc7\u7522\u7684\u57fa\u91d1\uff09\u7b49CFD\u5e02\u5834\uff0c\u65b9\u4fbf\u540c\u6642\u89c0\u5bdf\u7f8e\u570b\u6d88\u8cbb\u80a1\u53ca\u5927\u5e02\u8d70\u52e2\u3002<\/p>\n\n\n\n<p>\u53ef\u4f7f\u7528VT Markets\u5716\u8868\u5de5\u5177\uff0c\u8ffd\u8e64\u652f\u6301\u4f4d\uff08support\uff1a\u8f03\u591a\u4eba\u50be\u5411\u8cb7\u5165\u7684\u4f4d\u7f6e\uff09\u3001\u963b\u529b\u4f4d\uff08resistance\uff1a\u8f03\u591a\u4eba\u50be\u5411\u6cbd\u51fa\u7684\u4f4d\u7f6e\uff09\u3001\u52d5\u80fd\uff08momentum\uff1a\u5347\u8dcc\u529b\u5ea6\uff09\u53ca\u7a81\u7834\uff08breakout\uff1a\u5347\u7a7f\/\u8dcc\u7a7f\u95dc\u9375\u4f4d\u5f8c\u5ef6\u7e8c\u8d70\u52e2\uff09\u60c5\u6cc1\u3002<\/p>\n\n\n\n<p><strong>\u4e86\u89e3\u66f4\u591a\uff1a\u5728VT Markets\u8cb7\u8ce3&nbsp;<a href=\"https:\/\/www.vtmarkets.com\/forex\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u80a1\u7968\u5dee\u50f9\u5408\u7d04<\/a>&nbsp;\uff0c\u6309&nbsp;<a href=\"https:\/\/www.vtmarkets.com\/Insights\/?utm_source=DMA\" target=\"_blank\" rel=\"noreferrer noopener\">\u6b64\u8655<\/a>\u3002<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u70ba\u4f55\u4ee5\u5dee\u50f9\u5408\u7d04\uff08CFD\uff09\u4ea4\u6613\u767e\u4e8b\uff1f<\/h2>\n\n\n\n<p>\u767e\u4e8b\u5dee\u50f9\u5408\u7d04\u8b93\u4ea4\u6613\u54e1\u5728\u4e0d\u6301\u6709\u5be6\u80a1\u4e0b\uff0c\u90e8\u7f72\u80a1\u50f9\u4e0a\u5347\u6216\u4e0b\u8dcc\u3002<\/p>\n\n\n\n<p>\u7576\u80a1\u50f9\u56e0\u696d\u7e3e\u3001\u6d88\u8cbb\u8da8\u52e2\u3001\u901a\u8139\u3001\u5229\u6f64\u7387\u6307\u5f15\uff08guidance\uff1a\u7ba1\u7406\u5c64\u5c0d\u672a\u4f86\u8868\u73fe\u7684\u9810\u6e2c\/\u76ee\u6a19\uff09\u6216\u6574\u9ad4\u80a1\u5e02\u6ce2\u52d5\u800c\u6025\u8b8a\u6642\uff0c\u9019\u7a2e\u5f48\u6027\u53ef\u6d3e\u4e0a\u7528\u5834\u3002<\/p>\n\n\n\n<p>\u5982PEP\u5347\u7a7f\u963b\u529b\u4f4d\uff0c\u53ef\u7559\u610f\u504f\u597d\u5ef6\u7e8c\uff1b\u5982\u5931\u5b88\u652f\u6301\u4f4d\uff0c\u5247\u7559\u610f\u4e0b\u884c\u90e8\u7f72\u8207\u52d5\u80fd\u8f49\u5f31\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 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