📝 Report Cards Are In And Some Shares Are...DOWN

Hi friends,

Let's talk about the past week. Major indices ended up in the red...

Some companies didn't do so well in their earnings report. Some did phenomenally but still ate it (ahem, MSFT). Market closed with the following this past Friday (7/24/20):

Dow Jones Industrial Average: 26,469.89 -182.44 (-.68%)
S&P 500: 3,215.63 -20.03 (-.62%)
Nasdaq: 10,363.18 -98.24 (-.94%)
Russell 2000: 1,467.55 -22.65 (-1.52%)

Some notable earnings reports in upcoming week (7/27/20-7/31/20): 7/27/2020:

ARE
AVY
FFIV
NOV
PFG

7/28/2020:

MCD
MMM
PFE
RTX
V
AFL
AKAM
AMD
AMGN
BEN
BXP
EBAY
EIX
MXIM
SPGI
SBUX

7/29/2020:

BA
ADP
FB
GE
GM
MCO
PYPL
QCOM

7/30/2020:

AAPL
PG
AMZN
EA
EXPE
F
GOOG
MGM
VRTX
WM
XLNX

7/31/2020:

CAT
CVX
MRK
XOM
ABBV
D
NWL
UA
WY

AMD took off on Friday and closed a little more than a WHOPPING 16% up from the start of the day. AMD's earnings are in the coming week so be on the lookout:

Last 4 earnings report:
- 2019Q2: Miss
- 2019Q3: Beat
- 2019Q4: Beat
- 2020Q1: Beat
3-year EBITDA
- 2017: Improved from 2016
- 2018: Improved from 2017
- 2019: Improved from 2018
Technicals:
- 3-month: ~ +20.86%
- 1-year: ~ +103.88%
- 5-year: ~ +3,714.29% (AMD traded below $2.50 per share in July/August of 2015)

Whoever went all in on AMD 5 years back must be laughing at everybody right now. Even so, we generally don't like to speculate which is why doing basic fundamental/technical analysis is at the core of decision making. Always make sure that the gains outweigh the risks. So do your homework, folks! How would covered calls fare with a company like AMD? Find out in our level 1 courses!

- Call to Leap Team

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