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๐ŸŽ† Goodbye 2020, Here's to 2021 ๐ŸŽ†

Hi friends,

We're approaching the new year and with that, the past week's 5 day indices closed on Friday like so:

  • Dow Jones Industrial Average: 30,199.87ย -28.80 (-0.095%)

  • S&P 500: 3,703.06 -8.93 (-0.24%)

  • Nasdaq: 12,804.73ย +50.00 (+0.39%)

  • Russell 2000: 2,003.95ย +18.99 (+0.96%)

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There's no notable earnings next week so we're going to look the following week's earnings, all taking place on Thursday after the start of the new year (week of 1/4/2021-1/8/2021):

1/7/2021:

  • CAG

  • LW

  • MU

  • STZ

  • WBA

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Micron Technology, Inc (MU)


Micron Technology, Inc (MU) is a tech company based in Boise, Idaho, specializing in the production of computer memory and data storage hardware. It's been around since the late 70s and has seen quite a bit in its storied career. For around a decade since the lingering effects of the dotcom bubble burst wore off, the stock value has been flatlined. Since 2013, its value started to see some movement, seeing a 7x increase from 2015 to today. Does this mean it's a great long term investment? Well, fundamentals will tell:



Last 4 earnings report:

  • 2020 Q3: beat

  • 2020 Q2: beat

  • 2020 Q1: beat

  • 2019 Q4: beat

3-year total revenue

  • Aug, 2020: Lower than previous

  • Aug, 2019: Lower than previous

  • Aug, 2018: Lower than previous

Technicals:

  • 3-month: ~ +42.02%

  • 1-year: ~ +27.12%

  • 5-year: ~ +387.99%ย 

It's looking like fundamental analysis is somewhat ok with its "flash" technical analysis looking fantastic, but what's very concerning is that its top line revenue is looking really sluggish in the past few reports. Whether or not you feel comfortable enough to go in on MU because of its historical flatline, one thing always rings true: remember that if you're running your own portfolio, treat it like a business. If some part of your business is suffering and its outlook is bleak, it's time to cut ties.

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Who's in the same space as Micron?


MU is up against companies like Samsung, Intel, Western Digital, and Seagate, to name a few, all of which have the resources and products to compete against MU.

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Discord Launched!


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. Thanks for tuning in and sticking with us. Have a Happy New Year and stay safe out there!


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


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.

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