What an amazing week for stocks. The Dow Jones Industrial Average and S&P 500 seem to be hitting record highs every other day.
The two Wealthy Investor earnings standouts this week were SBUX and TXN.
On Thursday, July 24thStarbucks Corporation (SBUX) reported top-line revenue of $6.82 billion. Total revenue for the quarter was up 8% from the prior year.
The company saw strong sales in both the U.S. and China, which drove top-line revenue growth.
Starbucks makes a great covered call candidate or long-term hold.
The other note worthy stock, Texas Instruments Inc. (TXN), delivered revenues of $3.66 billion,up 2.1% from the previous quarter. The company announced that its semiconductors are no longer just in computers and hand-held devices, but are now inserted in everything from home security systems to complex hospital technology. TNX is still tradable as a covered call, but will soon be a long-term hold.
Right now the stock market is on fire.
Stay focused on the Wealthy Investor approach and you will benefit big in the long-term.
