This article is strictly the opinion of the author and is to not be considered financial/investment advice. Call to Leap LLC and the author of this article does not claim to be a registered financial advisor (RIA) or financial advisor. Please visit our terms of service and privacy policy before reading this article.
Hi friends!
This week, the indexes slipped, but then regained their footing to end the week on a positive note. Let's see how they did! 🙂
Here's a look at the 5-day change for ETF's SPY (or the S&P 500), DIA (or the Dow 30), and QQQ (or the Nasdaq 100).
SPY : 2.07%, closed at $443.91
DIA : 2.24%, closed at $347.87
QQQ : 1.59%, closed at $373.33
Shutdown? 🤔
The White House and federal agencies prepare for a possible government shutdown as we wait to see if the debt ceiling will be increased.
Telemedicine 👩🏽⚕️ 💻
The use of telemedicine has become more popular in schools as we transition into the new era of in-person education during covid.
Crypto Ban 🙅♂️
China made all cryptocurrency transactions, illegal. High volatility is just one of the many reasons why we DO NOT like or invest in cryptocurrency.
Earnings
Here's earnings for the upcoming week:
Carmax Inc (KMX): 2021-09-30 Before Market Open (Estimated EPS: 1.87)
Paychex Inc (PAYX): 2021-09-30 Before Market Open (Estimated EPS: 0.81)
Cintas Corporation (CTAS): 2021-09-29 Before Market Open (Estimated EPS: 2.76)
Micron Technology (MU): 2021-09-28 After Market Close (Estimated EPS: 2.24)
CarMax, Inc. (KMX) 🚘
KMX finances and sells vehicles, with a focus on used cars. Used cars have gotten lots of attention recently due to their increases in price. This increase in price can be due to the shortage of new cars. Vehicles are everywhere we look and most likely, you drive one to get to wherever you need to go. That is unless you use a bike. By the look of gas prices now, having a bike does not seem like a bad idea. Cars are always in need and with that in mind, KMX has the ability to profit off of these sales. Let's buckle in and check out their fundamentals 🔍.
Annual Revenue:
2021-02-28 : $18.95B
2020-02-29 : $20.32B
2019-02-28 : $18.17B
2018-02-28 : $17.12B
2017-02-28 : $15.88B
Earnings History:
2021-06-25 : beat (Estimate: 1.63, Actual: 2.63)
2021-04-01 : beat (Estimate: 1.26, Actual: 1.27)
2020-12-22 : beat (Estimate: 1.14, Actual: 1.42)
2020-09-24 : beat (Estimate: 1.08, Actual: 1.79)
Historical Stock Price Returns:
3-month : 14.91%
1-year : 44.27%
5-year : 170.04%
CarMax, Inc. (KMX) Max Chart (Yahoo Finance)
We can see that KMX has had a gradual upwards trend over time. KMX did have some trouble with their recent annual top-line revenue, but this could've been due to the pandemic. In addition, we see that KMX has delivered consistent beats during their last 4 earnings. Overall, not too bad, but we've seen better companies. If you would like to learn more, join our level 1 and 2 courses to learn how we utilize the wheel strategy to make money during neutral markets and how we trade LEAPs to take advantage of bull markets!
Who Competes with KMX?
A few of KMX's competitors include Royal Caribbean Group (RCL), MGM Resorts International (MGM) and Burlington Stores, Inc. (BURL).
Discord Launched!
Just as a PSA, we released our discord channel! Log in and go to the dashboard at www.calltoleap.com/courses and scroll to the bottom of the page for instructions on how to get plugged into the community.
If you're a paid subscriber, remember to check in on positions in the wheel in your dashboard or in the course pages! Until next time!
- Call to Leap Team