Aug 30, 20202 min

💚 Can't remember the last time looking at charts felt so good 💚

Hi friends,

What a week. It's nice to open your brokerage account first thing in the morning to see green, green, and more green.

Major indices crushed it this week, with the following stratospheric numbers on Friday at market close (8/28/20):

  • Dow Jones Industrial Average: 28,653.87 +161.60 (+.57%)

  • S&P 500: 3,508.01 +23.46 (+.67%)

  • Nasdaq: 11,695.63 +70.30 (+.60%)

  • Russell 2000: 1,578.34 +13.78 (+.88%)

It's going to be a quiet week for earnings. The following companies might be up your alley (Week of 8/31/20-9/4/20):
 

9/2/2020:

  • CPRT

9/3/2020:

  • AVGO

  • COO


 Let's pick out Broadcom (AVGO) as our subject for fundamental analysis. Broadcom is semiconductor and software company, specializing in computer hardware, infrastructural software, project management, and software maintenance services:

  • Last 4 earnings report:

    • 2020 Q2: met

    • 2020 Q1: miss

    • 2019 Q4: beat

    • 2019 Q3: beat

  • 3-year EBITDA

    • Oct, 2019: Higher than previous

    • Oct, 2018: Higher than previous

    • Oct, 2017: Higher than previous

  • Technicals:

    • 3-month: ~ +18.79%

    • 1-year: ~ +22.56%

    • 5-year: ~ +241.28% 

Seems legit. No actually, AVGO does look alright. It gave off quite a scare during the Covid crash, getting sliced in half from the all time high prior to the dip. It's like getting a 2:1 stock split but they forget to double your shares. Speaking of stock splits, back to Apple (AAPL); that 4:1 stock split's coming soon. With lowered share prices, getting to 100 shares makes selling covered calls much more attainable. If you have no idea what that is, you might want to visit our Level 1 Courses. Aaaand go!

Until next time!

- Call to Leap Team

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