Jul 10, 20213 min
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Hi friends,
The indexes set new record highs this week! We are well on our way to achieving financial freedom!
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 : 0.4%, closed at $435.52
DIA : 0.28%, closed at $348.73
QQQ : 0.48%, closed at $361.01
TECHnically a competition
President Joe Biden signed an executive order to limit big corporations such as tech companies from monopolizing industries. His idea is to promote competition so that few companies don't own the majority of an industry. This competition may also lead to innovation and better prices for consumers. This is something to keep an eye on as we do like tech companies!
Race for 1st place in space
Richard Branson has been gearing up to be the first billionaire in space, set to launch this Sunday, July 11th 2021. This beats Jeff Bezos' launch date. This milestone opens up many possibilities and opportunities for the future. Perhaps Amazon will ship us to space, same day delivery.
Not that Delta, the other Delta
The "Delta variant" of the Covid-19 virus has been on the radar. Pfizer and BioNTech announced that they are developing a booster vaccine to combat the new variant. We saw what Covid-19 did to the market in 2020 and therefore it is something to watch out for. Please refer to the CDC for accurate information and current guidelines.
Earnings
Here's earnings for the upcoming week:
PepsiCo Inc (PEP): 2021-07-13 Before Market Open (Estimated EPS: 1.53)
First Republic (FRC): 2021-07-13 Before Market Open (Estimated EPS: 1.74)
Delta Air (DAL): 2021-07-13 Before Market Open
JPMorgan Chase (JPM): 2021-07-13 Before Market Open (Estimated EPS: 3.13)
Goldman Sachs (GS): 2021-07-13 Before Market Open (Estimated EPS: 9.51)
Citigroup Inc (C): 2021-07-14 Before Market Open (Estimated EPS: 2.03)
Wells Fargo (WFC): 2021-07-14 Before Market Open (Estimated EPS: 0.93)
United Health (UNH): 2021-07-14 Before Market Open (Estimated EPS: 4.47)
Bank of (BAC): 2021-07-14 Before Market Open (Estimated EPS: 0.78)
Delta Air (DAL): 2021-07-14 Before Market Open (Estimated EPS: -1.44)
U.S (USB): 2021-07-15 Before Market Open (Estimated EPS: 1.09)
The Bank (BK): 2021-07-15 Before Market Open (Estimated EPS: 1.03)
Netflix Inc (NFLX): 2021-07-15 After Market Close (Estimated EPS: 3.21)
PPG Industries (PPG): 2021-07-15 After Market Close (Estimated EPS: 2.22)
Domino's (DPZ): 2021-07-15 Before Market Open (Estimated EPS: 2.87)
Charles Schwab (SCHW): 2021-07-15 Before Market Open (Estimated EPS: 0.77)
Truist Financial (TFC): 2021-07-15 Before Market Open (Estimated EPS: 1.18)
Morgan Stanley (MS): 2021-07-15 Before Market Open (Estimated EPS: 1.68)
People's (PBCT): 2021-07-15 After Market Close (Estimated EPS: 0.34)
United Health (UNH): 2021-07-15 Before Market Open (Estimated EPS: 4.47)
Cintas Corporation (CTAS): 2021-07-15 Before Market Open (Estimated EPS: 2.31)
Progressive Corp (PGR): 2021-07-15 Before Market Open (Estimated EPS: 1.1)
Charles Schwab (SCHW): 2021-07-16 Before Market Open (Estimated EPS: 0.77)
Goldman Sachs (GS)
Let's check out Goldman Sachs as their earnings are approaching Tuesday, July 13th before the market opens. GS is a multinational investment bank and financial services company. More money flowing into a reopening economy means more money to invest! Therefore, GS has some potential for growth! So...How are the fundamentals?
Annual Top-Line Revenue:
2020-12-31 : $44.56B
2019-12-31 : $36.55B
2018-12-31 : $33.42B
2017-12-31 : $29.53B
2016-12-31 : $28.05B
Earnings History:
2021-03-31 : beat (Estimate: 10.53, Actual: 18.6)
2020-12-31 : beat (Estimate: 7.7, Actual: 12.08)
2020-09-30 : beat (Estimate: 5.74, Actual: 9.68)
Historical Stock Returns:
3-month : 11.3%
1-year : 83.93%
5-year : 145.4%
The Goldman Sachs Group, Inc (GS) 5-year chart (Yahoo Finance)
We can see that GS was trending neutral for quite sometime until a jump on October 1st 2020. Their annual top-line revenue continues to increase and they've had 3 previous beats. When we invest in long-term holds, we typically like to see a consistent upwards trend. A neutral market for years doesn't seem too attractive, but it looks like it recently picked up some steam. Not bad GS, but we've seen better charts. Want to see how we can still make money during a neutral market and then capitalize during bull markets? Check out our level 1 and 2 courses where we teach the wheel strategy and LEAPs options!
Who Competes with GS?
A few of GS's competitors include The Charles Schwab Corporation (SCHW), Morgan Stanley (MS), and Lpl Financial Hld (LPLA).
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