Oct 25, 20202 min

🤑Earnings, please don't ghost me💔

Hi friends,

We saw some rough waves hitting the shores of the market in the past week. Overall, indices ended up in the green at the end of day, but it's looking slightly lower on average than the previous week.

Major indices closed on the past Friday like the following: (10/23/20):

  • Dow Jones Industrial Average: 28,335.57 -28.09 (-.10%)

  • S&P 500: 3,465.39 +11.90 (+.34%)

  • Nasdaq: 11,548.28 +42.28 (+.37%)

  • Russell 2000: 1,640.50 +10.25 (+.63%)

It's earnings season, folks! There's a lot of activity coming up in the next week. (week of 10/26/20-10/30/20):
 

10/26/2020:

  • HAS

10/27/2020:

  • AFL

  • AKAM

  • AMD

  • CAT

  • MMM

  • MRK

  • MSFT

  • PFE

  • RTX

10/28/2020:

  • BA

  • V

10/29/2020:

  • AAPL

  • AMZN

  • ATVI

  • BIO

  • CBRE

  • CNCSA

  • DD

10/29/2020:

  • CVX

  • XOM

If you follow us, you'll know that a lot of the stocks we prefer have their earnings this week. One of them being the legendary Microsoft (MSFT). You'll be hard pressed to find a portfolio that doesn't have, or at least one point had, Microsoft in it. As one of the leaders in technology of the modern world, Microsoft has been on an incredible steady growth since its founding. Microsoft has had 9 splits since 1987. If you bought one share prior to the first split and held that one share all the way til today, you would have 288 shares of Microsoft.

Last 4 earnings report:

  • 2020 Q2: beat

  • 2020 Q1: beat

  • 2019 Q4: beat

  • 2019 Q3: beat

3-year total revenue

  • June, 2019: Higher than previous

  • June, 2018: Higher than previous

  • June, 2017: Higher than previous

Technicals:

  • 3-month: ~ +7.64%

  • 1-year: ~ +55.58%

  • 5-year: ~ +357.32% 

Microsoft's continuous innovation and competitiveness in the cloud computing arena has kept its top-line revenue in a continuous growth. You will want to keep a very close eye on this one next week. Just as a little teaser, Microsoft is one of the companies we love selling covered calls on. Check out our Level 1 Courses to learn about selling covered calls and make extra money so you can pay for that fancy steak dinner.

Until next time!

- Call to Leap Team

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.