✔️Will Voting Season Affect the Stock Market?📝

Hi friends,

Although markets ended in the red by the end of day, there was an overall increase from the previous week. On a somewhat unrelated topic, voting season is coming along. Do you think voting will affect how these indices move?

Although if we were to look at the facts, indices have swung in either direction during every election season. Here's where indices closed on the past Friday: (10/2/20):

  • Dow Jones Industrial Average: 27,682.81 -134.09 (-.48%)

  • S&P 500: 3,348.44 -32.36 (-.96%)

  • Nasdaq: 11,075.02 -251.49 (-2.22%)

  • Russell 2000: 1,539.30 +8.09 (+.53%)

 

Here's earnings for the following week (week of 10/5/20-10/9/20):

10/6/2020:

  • PAYX

10/7/2020:

  • LW

10/8/2020:

  • CCL

  • DAL

  • DPZ

You wanna get paid? Actually, if you work a full time job, your company may use Paychex (PAYX) as a means to handle payroll. That's where we'll be looking at this week for fundamentals. In operation since 1971, Paychex has provided not just payroll but HR services to small mom and pop shop-sized companies to large corporations.


Watch out this Tuesday for their earnings report to decide whether or not you'd want to consider it a part of your portfolio.


Last 4 earnings report:

  • 2020 Q2: beat

  • 2020 Q1: beat

  • 2019 Q4: beat

  • 2019 Q3: beat

3-year EBITDA

  • May, 2020: Higher than previous

  • May, 2019: Higher than previous

  • May, 2018: Higher than previous

Technicals:

  • 3-month: ~ +.97%

  • 1-year: ~ -4.38%

  • 5-year: ~ +70.31% 


If you want to find out how to make investing in companies like Paychex pay you a check, come over to our Level 1 Courses and learn about covered calls and cash-secured puts. It's a nifty strategy that churns out cash periodically.


Until next time!


- Call to Leap Team


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