Aug 22, 20213 min

🛶Go With the Flow🛶

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 went on a little retreat. 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 : -0.26%, closed at $443.36

DIA : -0.91%, closed at $351.16

QQQ : 0.01%, closed at $367.73

Disable Debt 🙅‍♂️💵

Student loan forgiveness is extended to those who are permanently disabled.

File it, Bro ☕️ 🤙🏽

Dutch Bros coffee files for IPO. Could this company compete with Starbucks?

College Challenges 🤷‍♂️

Universities are struggling with how to budget for covid tests for many unvaccinated students. Could this increase costs associated with achieving higher education?

Earnings

Here's earnings for the upcoming week:

  • Hewlett Packard (HPE): 2021-09-02 After Market Close (Estimated EPS: 0.15)

  • Broadcom Inc (AVGO): 2021-09-02 After Market Close (Estimated EPS: 6.01)

  • Campbell Soup (CPB): 2021-09-01 Before Market Open (Estimated EPS: 0.47)

  • Brown-Forman (BF.B): 2021-09-01 Before Market Open (Estimated EPS: 0.39)

  • Chewy (CHWY): 2021-09-01 After Market Close (Estimated EPS: -0.01)

  • Gap Inc (GPS): 2021-08-26 After Market Close (Estimated EPS: 0.46)

  • Dollar Tree (DLTR): 2021-08-26 Before Market Open (Estimated EPS: 1.03)

  • HP Inc (HPQ): 2021-08-26 After Market Close (Estimated EPS: 0.83)

  • Dollar General (DG): 2021-08-26 Before Market Open (Estimated EPS: 2.57)

  • Ulta Beauty (ULTA): 2021-08-25 After Market Close (Estimated EPS: 2.36)

  • Autodesk Inc (ADSK): 2021-08-25 After Market Close (Estimated EPS: 0.56)

  • Salesforce.Com (CRM): 2021-08-25 After Market Close (Estimated EPS: 0.39)

  • Best Buy (BBY): 2021-08-24 Before Market Open (Estimated EPS: 1.91)

  • Intuit Inc (INTU): 2021-08-24 After Market Close (Estimated EPS: 0.91)

Best Buy Co., Inc (BBY)

BBY has retail stores across the United States and Canada. The company sells a variety of electronics such as TVs, computers, gaming systems, cell phones and accessories. BBY also sells their products online, making it easier to reach more customers. Living in a digital world, BBY helps us get all of the tools we need on a daily basis. Because BBY sells electronics, they are required to stay up to date by selling the newest tech, keeping the company relevant with each innovation made. They may have the best buy, but do they have the best fundamentals? Let’s checkout!

Annual Revenue:

  • 2021-01-30 : $47.26B

  • 2020-02-01 : $43.64B

  • 2019-02-02 : $42.88B

  • 2018-02-03 : $42.15B

  • 2017-01-28 : $39.4B

Earnings History:

  • 2021-05-27 : beat (Estimate: 1.39, Actual: 2.23)

  • 2021-02-25 : beat (Estimate: 3.45, Actual: 3.48)

  • 2020-11-24 : beat (Estimate: 1.7, Actual: 2.06)

  • 2020-08-25 : beat (Estimate: 1.08, Actual: 1.71)

Historical Stock Price Returns:

  • 3-month : -2.57%

  • 1-year : 1.08%

  • 5-year : 193.61%

Best Buy Co., Inc (BBY) Max Chart (Yahoo Finance)

We can see that BBY has had a rocky past with large fluctuations and no consistent steady growth over the years. Zooming into the last 5 years, we can see a slight upwards trend. It’s recent jump can be due to the pandemic with more people sitting at home looking for entertainment. It can also be due to a shift towards online work and school. We can see that BBY has had increasing annual top-line revenue and that their last 4 earnings had consistent beats. Rocky markets can be difficult to navigate. If you'd like to learn how to make money during a neutral market and how to take advantage of bull markets, join our level 1 and 2 courses to learn how we utilize the wheel strategy and LEAPs!

Who Competes with BBY?

A few of BBY's competitors include Walmart Inc (WMT), Target (TGT) and Amazon (AMZN).

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