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Hi friends,
With another bounding leap forward, here's a look at the 5-day change for ETF's SPY (or the S&P 500), DIA (or the Dow 30), and QQQ (or the Nasdaq 100). What a way to reach historical highs while springing into the 4th of July:
SPY : 1.53%, closed at $433.72
DIA : 1.04%, closed at $347.94
QQQ : 2.24%, closed at $358.64
YOLO under wraps
Subreddit r/WallStreetBets has made itself private this past week, only allowing viewers and participants in at the behest of its moderators. Why? It could be that the SEC may be cracking down on what it deems market manipulation or it may even be that WSB is weeding out moles looking to disrupt the proletariat. Who knows.
Robinhood's IPO
It was only a matter of time before Robinhood moves forward with filing for IPO. To top off that bit of news, they're planning to allow access to roughly a quarter of its IPO shares for its own customers. Yep, if you have an account with Robinhood you would be able to buy the IPO directly on its own app.
Hacked again
Kaseya, an IT management software company is the latest victim of a recent ransomware attack, affecting companies using its services in the hundreds. Customers using their VSA (or virtual server agent) are advised to stop running their VSAs until Kaseya patches their systems. Experts say the suspects are of a known Russian hacking group, REvil.
Earnings
Here's earnings for the upcoming week:
PepsiCo Inc (PEP): 2021-07-13 Before Market Open (Estimated EPS: 1.53)
First Republic (FRC): 2021-07-13 Before Market Open (Estimated EPS: 1.74)
Delta Air (DAL): 2021-07-13 Before Market Open
JPMorgan Chase (JPM): 2021-07-13 Before Market Open (Estimated EPS: 3.13)
Goldman Sachs (GS): 2021-07-13 Before Market Open (Estimated EPS: 9.51)
Citigroup Inc (C): 2021-07-14 Before Market Open (Estimated EPS: 2.03)
Wells Fargo (WFC): 2021-07-14 Before Market Open (Estimated EPS: 0.93)
United Health (UNH): 2021-07-14 Before Market Open (Estimated EPS: 4.47)
Bank of (BAC): 2021-07-14 Before Market Open (Estimated EPS: 0.78)
Delta Air (DAL): 2021-07-14 Before Market Open
U.S (USB): 2021-07-15 Before Market Open (Estimated EPS: 1.09)
The Bank (BK): 2021-07-15 Before Market Open (Estimated EPS: 1.03)
Netflix Inc (NFLX): 2021-07-15 After Market Close (Estimated EPS: 3.21)
PPG Industries (PPG): 2021-07-15 After Market Close (Estimated EPS: 2.22)
Domino's (DPZ): 2021-07-15 Before Market Open (Estimated EPS: 2.87)
Charles Schwab (SCHW): 2021-07-15 Before Market Open (Estimated EPS: 0.77)
Truist Financial (TFC): 2021-07-15 Before Market Open (Estimated EPS: 1.18)
Morgan Stanley (MS): 2021-07-15 Before Market Open (Estimated EPS: 1.68)
People's (PBCT): 2021-07-15 After Market Close (Estimated EPS: 0.34)
United Health (UNH): 2021-07-15 Before Market Open (Estimated EPS: 4.47)
Cintas Corporation (CTAS): 2021-07-15 Before Market Open (Estimated EPS: 2.31)
Netflix, Inc (NFLX)
Netflix is a real seesaw sometimes. Being a growth stock has its advantages in that you could suddenly make bank for very little effort. Nevertheless, let's run through some fundamental analysis.
Annual Top-Line Revenue:
2020-12-31 : $25B
2019-12-31 : $20.16B
2018-12-31 : $15.79B
2017-12-31 : $11.69B
2016-12-31 : $8.83B
Earnings History:
2021-03-31 : beat (Estimate: 3.03, Actual: 3.75)
2020-12-31 : miss (Estimate: 1.42, Actual: 1.19)
2020-09-31: miss (Estimate: 2.14, Actual: 1.74)
Historical Stock Returns (approximate):
3-month : -1.11%
1-year : 9.95%
5-year : 460.9%
You can see that annual top line revenue seems to jump nearly $5 billion every year. While it can see turbulence from time to time, it still falls under the same recommendations of incremental buying when things look rosy. If you're not sure, wait until you see how investor sentiment appears after earnings, which is in a couple of weeks. If you want to know how to run the wheel on stocks and make a bit of side cash on companies like Netflix, dive into our level 1 and 2 courses.
Who Competes with NFLX?
Netflix competes with Disney (DIS), Amazon (AMZN), and ViacomCBS Corporation (VIAC).
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.
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
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