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If you pick stocks, you MUST learn how to read an income statement.
Here’s everything you need to know:
The income statement shows a company’s revenue and expenses over a period of time, usually a quarter or year.
It’s also called:
▪️Profit and Loss statement, or “P & L”
▪️Statement of earnings
It follows this basic format:
Most public companies show their income statement in their quarterly earnings press release, but not always
Find them by looking at:
▪️10-Q (quarterly report)
▪️10-K (annual report)
▪️Aggregator websites like @theTIKR
Let's use Home Depot fiscal 2021 as an example
Step 1: Get the data
▪️ Go to https://t.co/OO3BfNGWVl
▪️ Search "HD"
▪️ Click the "10-K" from March 23rd
▪️ Scroll to "Statement of earnings"
The income statement flows in a step-down manner.
The top number is revenue (sales), and costs + expenses are subtracted as you go down
Here’s everything you need to know:
The income statement shows a company’s revenue and expenses over a period of time, usually a quarter or year.
It’s also called:
▪️Profit and Loss statement, or “P & L”
▪️Statement of earnings
It follows this basic format:

Most public companies show their income statement in their quarterly earnings press release, but not always
Find them by looking at:
▪️10-Q (quarterly report)
▪️10-K (annual report)
▪️Aggregator websites like @theTIKR

Let's use Home Depot fiscal 2021 as an example
Step 1: Get the data
▪️ Go to https://t.co/OO3BfNGWVl
▪️ Search "HD"
▪️ Click the "10-K" from March 23rd
▪️ Scroll to "Statement of earnings"

The income statement flows in a step-down manner.
The top number is revenue (sales), and costs + expenses are subtracted as you go down

9 free websites for learning new skills (that will make you unstoppable):
https://t.co/bhPaEE6aqM
My favorite website to master product psychology.
• Level up your product skills
• Learn about cognitive biases
• Use psychology to build better products
https://t.co/owsFrOjjtu
Learn faster, think better, and make smart decisions.
• Train your brain
• Leverage mental models
• Master the best of what other people have already figured out
https://t.co/wZnmCwFEZ8
Explore the world's leading design portfolios.
• Unlimited design inspiration
• Discover amazing designers
• Search for specific animations
https://t.co/hDwnXXP9i7
See how the best investors invest.
• Follow in the footsteps of investing gurus
• Study Warren Buffett and Charlie Munger
https://t.co/bhPaEE6aqM
My favorite website to master product psychology.
• Level up your product skills
• Learn about cognitive biases
• Use psychology to build better products
https://t.co/owsFrOjjtu
Learn faster, think better, and make smart decisions.
• Train your brain
• Leverage mental models
• Master the best of what other people have already figured out
https://t.co/wZnmCwFEZ8
Explore the world's leading design portfolios.
• Unlimited design inspiration
• Discover amazing designers
• Search for specific animations
https://t.co/hDwnXXP9i7
See how the best investors invest.
• Follow in the footsteps of investing gurus
• Study Warren Buffett and Charlie Munger
10 free websites so useful they should come pre-bookmarked on every browser:
1. Quillbot
A free paraphrasing website (popular among students).
• Input text and hit Rephrase
• Get AI-inspiration on how to rewrite
• Scan text for plagiarism (built-in feature)
• Credit sources
https://t.co/JBf4rpT9zF
2. 12ft Ladder
Want to read an article, but there’s a paywall?
Simply insert the URL into 12ft Ladder.
All sites have a non-paywall version they send to Google for SEO.
12ft finds the cached, un-paywalled version of the page.
Now you’re in.
https://t.co/E5vBxDGils
3. Untools
Benefit from a collection of thinking tools and frameworks.
Categories include:
• Systems thinking
• Decision making
• Problem solving
• Communication
https://t.co/vMgngVKMow
4. UnrollMe
Is your inbox overflowing with email subscriptions?
Use UnrollMe to bulk unsubscribe (it's free).
Another cool feature? “Roll-up” subscriptions into a single email.
You’ll be *many* steps closer to inbox zero.
https://t.co/uukYkPgbRv
1. Quillbot
A free paraphrasing website (popular among students).
• Input text and hit Rephrase
• Get AI-inspiration on how to rewrite
• Scan text for plagiarism (built-in feature)
• Credit sources
https://t.co/JBf4rpT9zF

2. 12ft Ladder
Want to read an article, but there’s a paywall?
Simply insert the URL into 12ft Ladder.
All sites have a non-paywall version they send to Google for SEO.
12ft finds the cached, un-paywalled version of the page.
Now you’re in.
https://t.co/E5vBxDGils

3. Untools
Benefit from a collection of thinking tools and frameworks.
Categories include:
• Systems thinking
• Decision making
• Problem solving
• Communication
https://t.co/vMgngVKMow

4. UnrollMe
Is your inbox overflowing with email subscriptions?
Use UnrollMe to bulk unsubscribe (it's free).
Another cool feature? “Roll-up” subscriptions into a single email.
You’ll be *many* steps closer to inbox zero.
https://t.co/uukYkPgbRv

Here are 16 Free & powerful Scanners for Traders.
🧵
1. NR7 breakout scanner -
NR7 is a great concept using which you can identify the potential breakout candidates.
For details on NR& concept refer to this thread - https://t.co/EgC9h77bLl
Here's the scanner -
2. Volume & price shockers -
This scans the stocks that have seen a sudden rise in their volume by over 2x times the average volume of last 10 days and have gained or lost more than 5% today.
Great candidate for breakout /
3. 15 min breakouts -
These stocks have shown a rise in both prices as well as volume in the last 15 min. High chances that they will continue the rally
4. Engulfing Candle scan -
This scans the stocks which are in extended up/down trend & have formed Engulfing candle now. They are a great candidate to take reversal trades.
Bullish engulfing - https://t.co/4pOosoeMsL
Bearish engulfing -
🧵
1. NR7 breakout scanner -
NR7 is a great concept using which you can identify the potential breakout candidates.
For details on NR& concept refer to this thread - https://t.co/EgC9h77bLl
Here's the scanner -
2. Volume & price shockers -
This scans the stocks that have seen a sudden rise in their volume by over 2x times the average volume of last 10 days and have gained or lost more than 5% today.
Great candidate for breakout /
3. 15 min breakouts -
These stocks have shown a rise in both prices as well as volume in the last 15 min. High chances that they will continue the rally
4. Engulfing Candle scan -
This scans the stocks which are in extended up/down trend & have formed Engulfing candle now. They are a great candidate to take reversal trades.
Bullish engulfing - https://t.co/4pOosoeMsL
Bearish engulfing -