We have some exciting news on what's happening with Call to Leap this month, but before we get into that, let's talk shop. Markets are fluttering around record highs again.
We're gonna drop the 5-day change from open (on Monday, 11/30/20) to close (this past Friday, 12/4/20) right here for you:
Dow Jones Industrial Average: 30,218.26 +248.74 (+0.83%)
S&P 500: 3,699.12 +74.54 (+2.06%)
Nasdaq: 12,464.23 +87.05 (+0.70%)
Russell 2000: 1,892.45 +43.75 (+2.37%)
Check out earnings for the following companies(week of 12/7/20-12/11/20):
We don't really need to dive too deeply into what Costco (COST) does right? They started off as a household brand name and now they have hundreds of warehouse stores outside of the US, intercontinental, overseas, and I'm sure pretty soon, on the Mars colony in the next few years. So let's look at the books:
Last 4 earnings report:
2020 Q3: beat
2020 Q2: miss
2020 Q1: beat
2019 Q4: beat
3-year total revenue
Aug, 2020: Higher than previous
Aug, 2019: Higher than previous
Aug, 2018: Higher than previous
3-month: ~ +8.6%
1-year: ~ +25.68%
5-year: ~ +127.46%
As with any other retailer, we want to be observant of how things turn out due to the pandemic, especially with Covid on the rise again. If Costco beats earnings and has solid guidance, it could prove its resiliency against the pandemic with a strong positive outlooks. Until then, be cautious!
So about the news; we're planning to release our Level 2 series on LEAPs in the middle of the month! Here's the thing: we're going to reward current standard members by grandfathering them into level 2 up until the release of level 2 so if you haven't already subscribed to our standard membership where you'll learn about selling covered calls and cash-secured puts to create an additional income stream on companies like Costco, make sure you sign up! What we'll teach in level 2 is very complementary to level 1 so you're going to want to tune in.
Until next time!
- Call to Leap Team