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):
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
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