Hi Wealth Builders!
This week, the indexes ended higher! We saw many stocks retrace from the pullback we had. Did you observe how sensitive the market can be to negative news and how quickly it can retrace? Stay patient, consistent and disciplined! 👍
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 : 3.2%, closed at $470.74
DIA : 3.14%, closed at $360.23
QQQ : 3.74%, closed at $398.01
Consumer Price Index jumped by 6.8% in November when compared to last year. This is the fastest annual increase since June 1982. What is CPI? The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services. Changes in the CPI are used to assess price changes associated with the cost of living.
Employees at a Buffalo area Starbucks have voted to form a union. What is a union? A labor or trade union is an organization of workers dedicated to protecting members' interests. In addition, they also strive to improve wages, hours and working conditions.
South African doctors see signs that the Omicron variant is milder than the Delta variant. News of the Omicron variant recently caused a pullback and increased volatility in the market. This is a great example of how sensitive the market can be to negative news. We see how it can rebound as well.
Here's earnings for the upcoming week:
Paychex Inc (PAYX): 2021-12-22 Before Market Open (Estimated EPS: 0.8)
Carmax Inc (KMX): 2021-12-22 Before Market Open (Estimated EPS: 1.46)
Cintas Corporation (CTAS): 2021-12-22 Before Market Open (Estimated EPS: 2.64)
General Mills (GIS): 2021-12-21 Before Market Open (Estimated EPS: 1.05)
Micron Technology (MU): 2021-12-20 After Market Close (Estimated EPS: 2)
Nike Inc (NKE): 2021-12-20 After Market Close (Estimated EPS: 0.62)
Darden Restaurants (DRI): 2021-12-17 Before Market Open (Estimated EPS: 1.43)
FedEx Corporation (FDX): 2021-12-16 After Market Close (Estimated EPS: 4.23)
Adobe Inc (ADBE): 2021-12-16 Before Market Open (Estimated EPS: 2.7)
Lennar Corp (LEN): 2021-12-15 After Market Close (Estimated EPS: 4.13)
Progressive Corp (PGR): 2021-12-15 Before Market Open
H&R Block (HRB): 2021-12-13 After Market Close
NIKE Inc (NKE) 👟
NIKE Inc is a sportswear and shoe company that primarily makes their income from selling their products in-store and online. NKE has many sponsorships with different sport teams and individual players. Most notably, Michael Jordan. Nike has a huge, loyal customer base that continues to purchase their products with their shoes selling out in seconds after they are released. This craze and culture that has been developed is great for increasing revenue. An interesting current endeavor that Nike has is entering the Metaverse. This opens a new opportunity to increase their annual revenue. Let's "check" out their fundamentals! 🔎
2021-05-31 : $44.54B
2020-05-31 : $37.4B
2019-05-31 : $39.12B
2018-05-31 : $36.4B
2017-05-31 : $34.35B
2021-09-23 : beat (Estimate: 1.11, Actual: 1.16)
2021-06-24 : beat (Estimate: 0.51, Actual: 0.93)
2021-03-18 : beat (Estimate: 0.76, Actual: 0.9)
2020-12-18 : beat (Estimate: 0.62, Actual: 0.78)
Historical Stock Price Returns:
3-month : 4.64%
1-year : 22.25%
5-year : 226.18%
Nike Inc. (NKE) Max Chart (Yahoo Finance)
NKE has had a consistent increase in their annual top-line revenue with the exception of 2020. This could be due to the pandemic in which many companies were affected. We see that the company has a strong upwards trend. Additionally, NKE has delivered consistent beats within their last 4 earnings. Although they had a hiccup in 2020, we like to take the bigger picture into consideration. When we invest in long-term holds, we typically like to see an increasing annual top-line revenue and a consistent, strong upwards trend. Will you invest in NKE? 🤔
Want to learn how to make monthly passive income, receive higher returns during bull markets and even profit off of stocks that are trending downwards?
Who Competes with NKE?
A few of NKE's competitors include Under Armour (UA), Lululemon Athletica Inc (LULU) and Columbia Sportswear Company (COLM).
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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