Hi friends,
Big tech has been carrying major indices in the past week. Look at MSFT and APPL going into beast mode:
Most major indices closed in the green on Friday at market close (8/21/20):
Dow Jones Industrial Average: 27,930.33 +190.60 (+.69%)
S&P 500: 3,397.16 +11.65 (+.34%)
Nasdaq: 11,311.80 +46.85 (+.42%)
Russell 2000: 1,552.48 -11.83 (-.76%)
If you're interested in any of the following, you might want to keep an eye out since their earnings is up (8/24/20-8/28/20):
8/25/2020:
BBY
CRM
HPE
8/26/2020:
TIF
8/27/2020:
DLTR
GPS
UTLA
We just saw Walmart (WMT) release their earnings in the past week. How'd they do? Beat estimates by almost 25%.
Last 4 earnings report:
2020 Q2: Super beat
2020 Q1: beat
2019 Q4: miss
2019 Q3: beat
3-year EBITDA
Jan, 2020: Higher than previous
Jan, 2019: Lower than previous
Jan, 2018: Lower than previous
Technicals:
3-month: ~ +5.69%
1-year: ~ +17.12%
5-year: ~ +82.97%
Wow...and at the same time... 🤔. Walmart's 5 year chart is a nice and steady upward momentum. However, it's worth noting that their EBITDA wasn't consistently moving upward. If you hold WMT and you want make some extra cash, take a look at covered calls. We teach this at our Level 1 Courses!
Until next time!
- Call to Leap Team
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