Patience is a Virtue 😌

Updated: Dec 8, 2020

Hi friends,

People keep saying uncertainty with the election and its transition could rock the economy. Major indices this week seem to reflect this uncertainty.

Remember to always look at the big picture, though. Patience and sticking to your guns can really pay off. This is where we left off on Friday: (11/20/20):

  • Dow Jones Industrial Average: 29,263.48 -219.75 (-.75%)

  • S&P 500: 3,557.54 -24.33 (-.68%)

  • Nasdaq: 11,854.97 -49.74 (-.42%)

  • Russell 2000: 1,785.34 +1.21 (+.07%)

 

With earnings fizzling on industry titans, there are some left over which might be interesting (week of 11/23/20-11/27/20):

11/23/2020:

  • A

11/24/2020:

  • ADI

  • ADSK

  • BBY

  • DLTR

  • GPS

  • HPQ

  • TIF

11/25/2020:

  • DE

A little bit of a nerd fact: there's this planet in our universe called 55 Cancri-E. It's about twice the mass of Earth and is made of DIAMONDS 💎💎💎. If you ran a company selling diamonds, you'd probably crap your pants because, you know, supply and demand. Too much of the thing that you sell reduces the value of the thing that you sell (unless you controlled the whole supply).


Whether or not you believe diamonds, or any other rock, are worth what they are, one thing's for sure: the companies selling them seem to have been doing alright. One example is Tiffany & Co. (TIF). How about those fundamentals?


Last 4 earnings report:

  • 2020 Q3: beat

  • 2020 Q2: miss

  • 2020 Q1: beat

  • 2019 Q4: miss

3-year total revenue

  • Jan, 2020: Lower than previous

  • Jan, 2019: Higher than previous

  • Jan, 2018: Higher than previous

Technicals:

  • 3-month: ~ +4.23%

  • 1-year: ~ +3.34%

  • 5-year: ~ +77.18% 

Should wedding rings be worth 3 months of your salary? We don't know and we don't judge. We only judge companies and how well they do. We hope you'll do the same. We also hope you'll think about trading derivates like options. Come to our Level 1 Courses to learn how; it's life-changing knowledge.


Until next time, have a safe and Happy Thanksgiving!


- 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.