Hi friends,
What a nice boost to end the short trade week, with the S&P 500 breaking 4,000 🎉. This is the 4-day record (close date at 4/1/2021, as markets were closed on Friday):
Dow Jones 30: 33,153.21 (1.64%, year-to-date: 8.32%)
S&P 500: 4,019.87 (2.82%, year-to-date: 7.02%)
Nasdaq: 13,480.11 (3.87%, year-to-date: 4.59%)
Facebook breach
With Microsoft being one of the more recent victims of a data breach, Facebook just recently joined the ranks of the hacked as over half a billion users' data has been compromised. You wanna prevent your personal data on social from being circulated? Step 1: Avoid posting sensitive information on social media.
Employment
The White House reports an addition of 916,000 jobs in the month of March, beating many economists' projections. Great news for the economy; let's cross our fingers and hope to see even more for this month.
A dose of reality
With over 160 million Covid-19 vaccine doses now administered in the United States, things may start to look brighter. Scientists fear that nations with a lower rate of vaccination could see spin-off mutations of the virus which may prove to be more resilient than the current strain, potentially spawning a rerun of the latest episode in the pandemic. I think we can all agree that this needs to be over already.
Next Week's Earnings
Paychex Inc. (PAYX) on 6th Apr 2021
Lamb Weston Holdings Inc (LW) on 7th Apr 2021
Conagra Brands (CAG) on 8th Apr 2021
Constellation Brands (STZ) on 8th Apr 2021
Paychex Inc. (PAYX)
The last time we looked at Paychex, things looked pretty good. Let's follow up and run fundamentals again. I hope that you're catching on; just because you're investing in something you thought was great a year ago, doesn't mean you should rest on your laurels and not do analysis periodically. Never celebrate too early.
Annual Top-Line Revenue:
2016: $2.95B
2017: $3.15B
2018: $3.38B
2019: $3.77B
2020: $4.04B
Last 4 Earnings Result (from most recent):
Beat
Beat
Beat
Beat
Historical Stock Returns:
3-month: 5.95%
1-year: 64.82%
5-year: 81.48%
...and it still looks as bright as ever. Even so, remember to avoid the temptation of going "all-in" on something. Take things a little bit at a time. If you need a reminder how we like to do this, take a moment to go through the intro courses again. We like to play this like a steady game of chess and NOT like it's a casino
Who else occupies the same space as Paychex Inc?
PAYX competes with Intuit (INTU), Automatic Data Processing Inc (ADP), and Square (SQ). If you didn't know already, these companies (among several others) provide payroll services!
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