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Hi friends!
This week, the indexes trended lower as the sell-offs continued. Should you be worried? Absolutely not 🙂. This is very normal and with patience, we shall see brighter days ahead. So hang in there fellow wealth builders! Let's take a look to see how the indexes did 🔍.
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).
SPY : -1.61%, closed at $441.4
DIA : -0.93%, closed at $345.64
QQQ : -1.36%, closed at $373.83
Intuity Medical IPO 👩🏽⚕️🩸
Intuity Medical filed for IPO this week. This company has created a blood sugar monitor that makes it convenient for diabetics to control and monitor their condition throughout the day. Diabetes is a leading health issue in our society. Consider revisiting our investing criteria 🙂.
MacKenzie $cott 💵 📚
MacKenzie Scott has donated millions of dollars to universities to help improve racial equity. In addition to increasing access to higher education, these donations can help improve research, advancing innovation.
SpaceX 🚀👨🏽🚀
This company launched the first all-civilian crew to space this week. One of the members on board is a working physician assistant named Hayley Arceneaux who had bone cancer as a child. This mission has currently raised $147 million of their $200 million goal for St. Jude Children's Research Hospital to battle cancer.
Earnings
Here's earnings for the upcoming week:
Darden Restaurants (DRI): 2021-09-23 Before Market Open (Estimated EPS: 1.63)
Costco Wholesale (COST): 2021-09-23 After Market Close (Estimated EPS: 3.53)
Nike Inc (NKE): 2021-09-23 After Market Close (Estimated EPS: 1.12)
General Mills (GIS): 2021-09-22 Before Market Open (Estimated EPS: 0.88)
AutoZone Inc (AZO): 2021-09-21 Before Market Open (Estimated EPS: 29.96)
FedEx Corporation (FDX): 2021-09-21 After Market Close (Estimated EPS: 4.96)
Adobe Inc (ADBE): 2021-09-21 After Market Close (Estimated EPS: 2.52)
Lennar Corp (LEN): 2021-09-20 After Market Close (Estimated EPS: 3.24)
Nike Inc. (NKE) 👟
NKE is a company I'm sure many of you are well aware of. NKE has a loyal customer base and their shoe business is a huge market. Not only does NKE sell large volumes of shoes, but they also sell athletic wear and equipment for sports. NKE has a significant presence in the athletic world thanks to professional athletes like Michael Jordan who have helped brand this company well. This company continues to innovate and create new designs for their customers to buy frequently. New shoe releases that are limited editions typically sell out immediately. People have even camped out to be the first ones to receive a pair. With this high of a demand, it is no wonder which this company has done so well. Let's see if their fundamentals "check" all of our boxes ✔.
Annual Revenue:
2021-05-31 : $44.54B
2020-05-31 : $37.4B
2019-05-31 : $39.12B
2018-05-31 : $36.4B
2017-05-31 : $34.35B
Earnings History:
2021-06-24 : beat (Estimate: 0.51, Actual: 0.93)
2021-03-18 : beat (Estimate: 0.76, Actual: 0.9)
2020-12-18 : beat (Estimate: 0.62, Actual: 0.78)
2020-09-22 : beat (Estimate: 0.47, Actual: 0.95)
Historical Stock Price Returns:
3-month : 23.47%
1-year : 33.3%
5-year : 182.44%
Nike Inc. (NKE) Max Chart (Yahoo Finance)
We can see that NKE has had a strong upwards trend over time. NKE did have some trouble with annual top-line revenue in 2020, which could be due to the pandemic. It has since increased with their most recent report. In addition, we see that NKE has delivered consistent beats during their last 4 earnings. Although it had a hiccup during the pandemic, we still believe NKE is a great company! If you would like to learn more, join our level 1 and 2 courses to learn how we utilize the wheel strategy to make money during neutral markets and how we trade LEAPs to take advantage of bull markets!
Who Competes with NKE?
A few of NKE's competitors include Under Armour Inc. (UA), Lululemon Athletica Inc. (LULU) and Columbia Sportswear Company (COLM).
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