🏦 Rate Hikes Stoke Fears

Hi friends,

With a little bit of turbulence in the markets following rate hikes, major indices closed in the red on Friday. We hope you don't get airsick easily.

I must break you
  • Dow Jones 30: 32,627.97 (-0.46%, year-to-date: 6.60%)

  • S&P 500: 3,913.10 (-0.77%, year-to-date: 4.18%)

  • Nasdaq: 13,215.24 (-0.79%, year-to-date: 2.54%)

 

Wrist-slapping tech behemoths


Apple (AAPL) is being told to shell out $308.5 million for patent infringement. This is a part of an ongoing dispute between Personalized Media Communications LLC, responsible for licensing its own invented patents, and Apple, who is now being asked to pay PMC royalties. That seems like a crapload of cash but Apple's also currently worth a couple trillion dollars. That's like, 1% of 1% of their net worth.



 

IPOs, anyone?


If you've been following Coinbase, you've probably heard of intentions to go public around this April. It's looking to dole out over 110 million shares in a direct-listing IPO. Bitcoin's escape to the stratosphere showed demand for investing in crypto platforms.



 

Tax deadlines pushed



Great news for the procrastinators reading this: the IRS has announced that the tax deadline is now pushed to May 17th. With that said, make sure to keep yourself up to date with any further changes at irs.gov.

 

Next Week's Earnings


Nike (NKE) beat earnings last week but saw a drop the next day due most likely due to inventory/supply complications from port congestion. Aside from that, this is what we can look forward to next week :

  • Adobe Inc. (ADBE) on 23rd Mar 2021

  • IHS Markit (INFO) on 23rd Mar 2021

  • General Mills (GIS) on 24th Mar 2021

  • Paychex Inc. (PAYX) on 24th Mar 2021

  • Darden Restaurants (DRI) on 25th Mar 2021

 

Adobe Inc (ADBE)


I remember when Adobe went from selling Photoshop to selling Photoshop subscriptions (like most companies do now with software). It was weird to think I'd no longer be paying for boxed software; something I could hold in my hands. Maybe I'm just old.



Annual Top-Line Revenue:

  • 2016: $5.84B

  • 2017: $7.27B

  • 2018: $8.98B

  • 2019: $11.13B

  • 2020: $12.87B


Last 4 Earnings Result (from most recent):

  • Beat

  • Beat

  • Beat

  • Beat


Historical Stock Returns:

  • 3-month: -11.28%

  • 1-year: 51.32%

  • 5-year: 376.32%

It hasn't been a bad run in the long term but as of August 2020, Adobe has been running sideways. If you're curious on how we capitalize on "sideways" moving stocks, check out our Level 1 courses here. You can also sign up for our free Intro series to get started!

 

Who's does Adobe compete with?


Adobe competes with Salesforce (CRM), Dropbox, Inc (DBX), and Docusign Inc (DOCU).

 

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


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.