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):
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
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