As you know we’re in the middle of earnings season. This week’s big disappointment as it relates to earnings, was Texas Instruments, Inc. (TXN).
After market close on Jan. 22nd, the company reported revenue for the quarter of $3.35 billion compared to revenue of $3.71 billion in the prior-year quarter. That is a $36 million dollar shortfall year over year for the quarter.
The company reported 2019 revenue of $14,750,000 compared to 2018 revenue of $15,784,000, an annual shortfall of over $100 million dollars.
As you know in the Wealthy Investor program we want to see revenue growth, not revenue shortfalls.
As of today TXN is no longer a good “date.”
If you currently own shares of TXN continue to sell out of the money covered calls until your shares are bought away from you.
Please take note of these upcoming earnings dates:
AMD- January 28, 2020
CSCO- Feb. 12, 2020
NKE- March 20, 2020
Following earnings is a significant part of being a successful trader and investor in the Wealthy Investor program.
In closing, we all know that the world is awaiting Apple Inc. (AAPL) earnings, which will be released on Jan. 28th.
Please do NOT purchase AAPL LEAPS options before their earnings release!
Right now AAPL LEAPS options are over valued due to high-implied volatility.
Purchasing AAPL LEAPS options before earnings will almost always be a losing trade.
Stay Patient! Stay Positive!
Tyrone Jackson
The Wealthy Investor
