📈Binge on stocks like you do on shows🍿

Hi friends,

The past week has been another overall gain from the previous week. Fingers crossed, we'll see more gains in the next couple of weeks. We might see an official end to the correction soon!

Major indices closed on the past Friday like the following: (10/16/20):

  • Dow Jones Industrial Average: 28,606.31 +112.11 (+.39%)

  • S&P 500: 3,483.81 +.47 (+.01%)

  • Nasdaq: 11,671.56 -42.31 (-.36%)

  • Russell 2000: 1,633.81 -5.07 (-.31%)

 

There's a couple of noteworthy earnings coming up next week. Here's a list you might want to take a look at (week of 10/19/20-10/23/20):

10/20/2020:

  • NFLX

  • PG

  • SCHW

  • TRV

  • TXN

10/21/2020:

  • ABT

  • ALGN

  • APH

A lot of people have been binging media during the pandemic. Those of you who are remote workers know how easy it is to be Netflixing and chilling (but for real) even during work hours. When the stay-at-home quit, many streaming services saw spike in usage. Let's see if the momentum keeps on going and while we're at it, take a peak at Netflix's fundamentals:



Last 4 earnings report:

  • 2020 Q2: miss

  • 2020 Q1: miss

  • 2019 Q4: beat

  • 2019 Q3: beat

3-year total revenue

  • December, 2019: Higher than previous

  • December, 2018: Higher than previous

  • December, 2017: Higher than previous

Technicals:

  • 3-month: ~ +9.04%

  • 1-year: ~ +75.17%

  • 5-year: ~ +366.04% 


Some people swear by Netflix, some people have a hard time wrangling it as an investment. Is Netflix a strong company? It sure looks like it. Although keep in mind it's still categorized as a growth stock. If you want Netflix in your portfolio, make sure to diversify well by including some fundamentally strong stock. Check out our Level 1 Courses to see how you can sell covered calls and make a few extra dollars!


Until next time!


- Call to Leap Team


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.