☁️Can You Take Me Higher?☁️

Hi friends,

The wave just keeps riding higher and higher. The S&P 500 and Dow Jones Industrial Average both hit record highs in the last week. Will we see 30K in the Dow? Maybe, we'll see!

This is where we left off on Friday: (11/13/20):

  • Dow Jones Industrial Average: 29,479.81 +399.64 (+1.37%)

  • S&P 500: 3,585.15 +48.14 (+1.36%)

  • Nasdaq: 11,829.29 +119.70 (+1.02%)

  • Russell 2000: 1,744.04 +35.57 (+2.08%)

 

Earnings season are crazy. Just when you think it's over, it just comes back. Next week, we're looking at the following companies (week of 11/16/20-11/20/20):

11/16/2020:

  • TSN

11/17/2020:

  • HD

  • WMT

11/18/2020:

  • LOW

  • NVDA

  • TGT

11/19/2020:

  • INTU

  • ROST


It's time to look at one of our favorites in the Dow/S&P: Home Depot (HD). Being the top home improvement retailer in the U.S. has a lot of advantages. Its storied name brand is at the top of most people's minds when they think of power tools, lumber, etc.


With that said, let's dig into fundamentals:


Last 4 earnings report:

  • 2020 Q3: beat

  • 2020 Q2: miss

  • 2020 Q1: beat

  • 2019 Q4: beat

3-year total revenue

  • Jan, 2020: Higher than previous

  • Jan, 2019: Higher than previous

  • Jan, 2018: Higher than previous

Technicals:

  • 3-month: ~ -2.37%

  • 1-year: ~ +18.15%

  • 5-year: ~ +120.71% 

Home Depot's one of those strong, steady, dividend paying stocks. How well will they fare in the next earnings due to COVID? It's hard to say but I'll say this: the lines at Home Depot certainly feels as if the pandemic is a thing of the past. Check out how you can do this on our Level 1 Courses.


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.