August 18, 2020
Wally World
Walmart (NYSE: WMT) crushed earnings with a nearly 80% profit increase led by a doubling of online sales since the same quarter last year.
While shares were seeing a bid up in anticipation of the earnings report, they ran down in the morning, only to get bid back up mid day. This is a great example of how even when a company releases incredible news, the market might not directly reflected it with short term price action.
Inside Out
Last night, CNN released an ominous article outlining the unprecedented number of insider shareholders clearing positions since May. To quantify this, of the last four months, three saw more than $15 billion of insider shares being sold.
Seeing as this news directly contradicts the fact that today saw all time highs for the S&P 500 index, it’s needless to say that our analysts over at EVO are just as confused as you are.
The only thing that we can be sure of is that staying hedged matters now more than ever--don’t get caught on the wrong side of a correction.
Uncertain times for Students
As college students head back to school, the question of Safety amidst a pandemic is rising.
Earlier this week, the University of North Carolina cancelled all in person classes after experiencing nearly 150 new COVID-19 cases after only 2 days on campus.
Most schools so far have already shut down sporting events, shut down classes, and made everything virtual, but for the schools still offering in person classes, it might be time to reevaluate their position.
Wanna Get Paid to Buy Stocks?
Even if you’re not a financial advisor, you can get paid to buy shares of a company; the trick is selling cash secured puts.
You heard that right: someone else on the market will give you premium if you promise them you’ll buy 100 shares from them at an agreed upon price.
For elaboration on what this means and the risk involved, our Analysts will be presenting on put selling this Friday at 11 a.m. Join our server to participate in the call by clicking here. You won’t regret it.
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