Aug 23, 20201 min

🖥️ Get on the broad, muscly back of big tech 💪

Hi friends,

Big tech has been carrying major indices in the past week. Look at MSFT and APPL going into beast mode:

Most major indices closed in the green on Friday at market close (8/21/20):

  • Dow Jones Industrial Average: 27,930.33 +190.60 (+.69%)

  • S&P 500: 3,397.16 +11.65 (+.34%)

  • Nasdaq: 11,311.80 +46.85 (+.42%)

  • Russell 2000: 1,552.48 -11.83 (-.76%)

If you're interested in any of the following, you might want to keep an eye out since their earnings is up (8/24/20-8/28/20):
 

8/25/2020:

  • BBY

  • CRM

  • HPE

8/26/2020:

  • TIF

8/27/2020:

  • DLTR

  • GPS

  • UTLA


 We just saw Walmart (WMT) release their earnings in the past week. How'd they do? Beat estimates by almost 25%.

  • Last 4 earnings report:

    • 2020 Q2: Super beat

    • 2020 Q1: beat

    • 2019 Q4: miss

    • 2019 Q3: beat

  • 3-year EBITDA

    • Jan, 2020: Higher than previous

    • Jan, 2019: Lower than previous

    • Jan, 2018: Lower than previous

  • Technicals:

    • 3-month: ~ +5.69%

    • 1-year: ~ +17.12%

    • 5-year: ~ +82.97% 

Wow...and at the same time... 🤔. Walmart's 5 year chart is a nice and steady upward momentum. However, it's worth noting that their EBITDA wasn't consistently moving upward. If you hold WMT and you want make some extra cash, take a look at covered calls. We teach this at our Level 1 Courses!

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.