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🚨 ATTENTION WEALTH BUILDERS! 🚨

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We hope you all had a wonderful week! Let's start this week's update by looking at how the indexes performed 🙂.

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 : 0.46%, closed at $453.08

DIA : -0.23%, closed at $354.14

QQQ : 1.25%, closed at $381.57

The McShortage 🍟👶🏻

A McDonald's in Oregon is looking to hire 14 and 15 year olds to combat the labor shortage...Someone tell those new hires to start developing a positive wealth mindset! The earlier the better 🙏.

Social Security 🤔🤷‍♂️

Social security's trust funds will be unable to pay full benefits starting 2034. This is just another reason why investing and becoming financially free is so important 👌.

iFit files for IPO 🏃‍♂️🏋️‍♀️

iFit is a health and fitness subscription tech company that provides fitness equipment. In addition, their users can stream workouts from trainers. iFit's competition includes Peloton (PTON). Consider revisiting our investing criteria!

Earnings

Here's earnings for the upcoming week:

GameStop Crop. (GME) 🎮

GME is a video game retailer that sells electronics and merchandise. I remember many kids used to go to GME to trade in their old games and buy new ones. GME would buy back games from their customers for what felt like $0.01 just to put it on the shelf and sell it used for $25 that same day 😂. Unfortunately for them, I knew this was not a good deal so I never sold my used games to them 😉. Recently, this stock became popular in the news due to it experiencing a "short squeeze". Explained simply, institutions executed trades and attempted to lower the price of GME to profit off of the decline. Instead, retail investors got together to buy many shares of GME, increasing the stock's price and forcing institutions to buy shares at a loss to cover themselves. All of this extreme buying caused GME to skyrocket. Although many investors made a quick buck, many also lost lots of money. To show you why we don't believe it is wise to invest in GME, let's check out their fundamentals!

GameStop Corp. (GME) Max Chart (Yahoo Finance)

The reason GME skyrocketed was due to a short squeeze mentioned above. It has since continued to be overvalued and volatile. Before this event, we can see that this stock was trading for just a few dollars. It went to a high of $325 per share to a now $202 per share. Imagine buying just 1 share of GME at its peak. You would've been down $123 to date. Had you bought 100 shares, you would've been down $12,300 to date. We see that GME does not have increasing annual top-line revenue. In fact, their annual top line revenue has consistently decreased for the past few years. GME has also delivered 2 misses during their last 4 earnings. Always do your own due diligence and be careful with these meme stocks. Stay educated and disciplined. If you would like to learn more, 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 GME?

A few of GME's competitors include Amazon (AMZN), Best Buy Co Inc (BBY) and Target Corp (TGT).

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