🔫 Hold the line!!!

Call to Leap
Sep 12, 2020
2 min read

Hi friends,

Following the hammering indices received the previous week, it seems that the bullish rally attempted to stage a retaliation.

However, it's been a back and forth tug-of-war. Again, corrections are par for the course in the stock market. This was how the past Friday closed by end of day (9/11/20):

Dow Jones Industrial Average: 27,665.64 +131.06 (+.48%)
S&P 500: 3,340.97 +131.06 (+.05%)
Nasdaq: 10,853.54 -66.05 (-.60%)
Russell 2000: 1,497.27 -10.48 (-.70%)

There's a handful of earnings worth noting in the upcoming week (Week of 9/14/20-9/18/20):

9/14/2020:

9/15/2020:

ADBE
FDX

Let's look at Adobe's (ADBE) fundamentals shall we? Adobe is a tech company which offers software solutions in graphic design, video editing, website tracking tools. If you don't know Adobe, they're the main reason why "photoshop" is an actual verb in our vocabulary.

Last 4 earnings report:

2020 Q2: beat
2020 Q1: beat
2019 Q4: beat
2019 Q3: beat

3-year EBITDA

November, 2029: Higher than previous
November, 2018: Higher than previous
November, 2017: Higher than previous

Technicals:

3-month: ~ +18.61%
1-year: ~ +68.33%
5-year: ~ +501.48%

Adobe's been looking pretty strong for the past few years. The 5 year return on Adobe is basically 5 times your initial investment. You didn't really need to do anything on top of just holding it if that was your goal in the first place. If you want to do more than just hold it, like, say, sell covered calls, come checkout us out at 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.