Hi friends,
Here's where the market ended up on Friday (7/10/20 at close):
Dow Jones Industrial Average: 26,075.30 +369.20 (+1.44%)
S&P 500: 3,185.04 +32.99 (+1.05%)
Nasdaq: 10,617.44 +69.64 (+0.66%)
Russell 2000: 1,422.68 +23.76 (+1.70%)
Notable earnings in the upcoming week (7/13/20-7/17/20): 7/13/2020:
PEP
7/14/2020:
JPM
C
DAL
FAST
FRC
WFC
7/15/2020:
GS
IBM
UNH
BK
OMC
PGR
PNC
USB
7/16/2020:
JNJ
ABT
We like being diligent by doing our fundamentals and technicals. Let's use Johnson & Johnson (JNJ), whose earnings report is coming up (see dates above) as an example:
Last 4 earnings report: Beat all estimates
3-year EBITDA
2017: Improved from 2016
2018: Decreased from 2017
2019: Improved from 2018
Technicals:
3-month: ~ +2.09%
1-year: ~ +1.41%
5-year: ~ +46.41%
If none of this makes any sense, please watch those intro videos; we worked really hard on them. Doing fundamentals is like eating vegetables. It usually doesn't taste as good as pizza but is probably good for you. If you're curious about how covered calls could work in a situation like this, check out our level 1 courses. Until next time! - Call to Leap Team
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