Where will the markets land next week and the following week after that? We're not psychic but we do know that corrections always happen. Markets snapped back into a bullish return during the previous week and closed on 3/12/2021 with the following results:
Dow Jones 30: 32,778.64 (4.07%, year-to-date: 7.10%)
S&P 500: 3,943.34 (2.64%, year-to-date: 4.99%)
Nasdaq: 13,319.86 (3.09%, year-to-date: 3.35%)
Google (GOOGL) is under fire for collecting data on users even while browsing in incognito. A California judge denied Google's request to drop the case after users found evidence of their personal information being scraped even while browsing "privately". I mean, let's not be naive; did we all really believe that a god-tier tech company is going to just give you the ability to hamstring a source of revenue for them?
Fork Over the Dough
Did you do anything this weekend? If you haven't checked your bank account already, you MAY have already received that $1,400 stimulus check. The IRS declared that more monetary relief is on the way in the coming week(s).
Flying high and breaking the $61k mark (as of the time of this post's publishing), Bitcoin has nearly attainted a 1000% increase year-to-date in a nauseating parabolic move. How many of you have held onto your BTC since a year ago?
Next Week's Earnings
Earnings season is slowly ramping up again:
Lennar Corp. (LEN) on 16th Mar 2021
Cintas Corporation (CTAS) on 17th Mar 2021
Accenture (ACN) on 18th Mar 2021
Dollar General (DG) on 18th Mar 2021
FedEx Corporation (FDX) on 18th Mar 2021
Nike, Inc. (NKE) on 18th Mar 2021
Nike, Inc (NKE)
We've followed Nike each quarter so no reason why we should stop now.
Annual Top-Line Revenue:
Last 4 Earnings Result (from most recent):
Historical Stock Returns:
The picture of stability isn't it? As usual past performance is not an indication of future results. Do your homework (hint hint, the stuff we just did right here above) before deciding whether or not you want to move this asset into your portfolio.
Who's running the same race as Nike?
Nike seeks to outrun Lululemon (LULU), Under Armour (UAA), Adidas (ADDYY), and VF Corporation (VFC).
Just as a PSA, we released our discord channel! Log in and go to the dashboard at www.calltoleap.com/courses and scroll to the bottom of the page for instructions on how to get plugged into the community.
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