The stock market loves stability.
Friday, Jan. 25th saw the end to the U.S. Government shutdown and positive earnings from two outstanding S&P 500 components.
During the week ending Jan. 25th, Starbucks Corp. (SBUX) revealed outstanding revenue growth on the top and bottom line. The company saw 3% revenue growth in China as well as 4% revenue growth in the U.S. The 52 week range of SBUX shares was $47.37 - $68.98. This stock is a win-win for covered call writers who seek to trade shares for income.
Semi-conductor, Texas Instruments, Inc. (TXN), delivered earnings Wall Street approved of. Although top-line revenue declined slightly, net profits increased by 300%. The increase in net profits means the dividend is safe. TXN shares should continue to rise over the next 13 weeks.
We are in a strong economy with a lot to look forward to.
Stay open! Stay Positive!
Tyrone Jackson
The Wealthy Investor
