Aug 27, 20213 min
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 were groovy 😎✌🏽! Let's take a look to see how "far out" they are 😊 ☮️
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 : 1.14%, closed at $450.25
DIA : 0.45%, closed at $354.57
QQQ : 1.96%, closed at $376.04
Evictions 🏠
The Supreme Court lifted bans on evictions, allowing landlords to remove tenants who are not paying rent due to the pandemic. Could this decision push more people into the workforce?
Increasing Cybersecurity 👮🏼♀️🖥
Biden met with big tech executives to discuss improving our nation's cybersecurity. MSFT said it would invest $20 billion, GOOGL said they would commit $10 billion and AAPL said they would develop a program to improve the security of the technology supply chain.
EV Race 🏎 💨
Rivian, an EV start up that is backed by Amazon and Ford files for IPO. Will this company add more competition to Tesla?
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: 0.4)
Chewy (CHWY): 2021-09-01 After Market Close (Estimated EPS: -0.01)
Chewy Inc (CHWY)
CHWY is an online retailer of pet food and other pet accessories such as toys and beds. CHWY has connections with pharmacies and even provides access to Veterinarians. The pet industry is huge and therefore, there is much opportunity for business. Pets have become a significant part of our society and they require many services to make sure they are healthy and happy. CHWY's online business model allows this company to reach many customers and scale. Let's check out their fundamentals to see if they deserve a treat 🐶 🦴.
2021-01-31 : $7.15B
2020-02-02 : $4.85B
2019-01-31 : $3.53B
2018-01-31 : $2.1B
2016-12-31 : $900.57M
2021-06-10 : beat (Estimate: -0.03, Actual: 0.09)
2021-03-30 : beat (Estimate: -0.1, Actual: 0.05)
2020-12-08 : beat (Estimate: -0.13, Actual: -0.08)
2020-09-10 : beat (Estimate: -0.16, Actual: -0.08)
3-month : 17.05%
1-year : 51.88%
5-year : Not available
Chewy Inc (CHWY) Max Chart (Yahoo Finance)
We can see that CHWY shot up at the start of the pandemic, had a pull back at the beginning of this year and is now slowly rising again. CHWY has had increasing annual top-line revenue and they've delivered consistent beats during their last 4 earnings. Perhaps everyone being at home and having more time to spend with their pets allowed CHWY to thrive. Although there was a pullback, we believe CHWY has a great business model and lots of potential to grow. Their increasing annual top-line revenue is attractive. Will you invest in CHWY? If you're barking for more knowledge, join our level 1 and 2 courses to learn how we utilize the wheel strategy to make money during neutral markets and how we trade LEAPs to take advantage of bull markets!
Who Competes with CHWY?
A few of CHWY's competitors include Amazon (AMZN), Petco Health and Wellness Company Inc (WOOF) and eBay Inc (EBAY).
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