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Daily Scoop 10-19

Daily Scoop 10-19

👋 Your Tuesday Scoops - Zillow's house flipping and J&J's vaccine bucks

October 19, 2021

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Today's Scoop:Healthy

Big Picture

Corporate profits are looking strong.
Homebuilding rates are slowing due to supply shortages.
Prices for consumer goods will likely keep rising.

The Market

⬆️

+0.7%

S&P 500: 4,519.63

1Mo:

+4%

| 1Yr:

+31%

| 5Yr:

+111%

Markets continued the positive momentum today on the back of upbeat corporate earnings reports. US corporations are on track to grow profits by 30% this quarter, one of the biggest jumps in over a decade. The Census Bureau and Housing Dept reported a decline last month in the amount of new home construction permits, starts, and completions amidst rising costs and limited availability of materials.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Johnson & Johnson's

weak vaccine sales

Zillow's

flipping too many houses

Procter & Gamble's

raising prices

Spotify's

trying to figure out Africa

Toyota's

expanding in the US

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

When companies talk about their earnings, they're talking about their profits. You can get a little more technical with the accounting, but at a high level, everyone's talking about profitability. These "earnings reports" provide insights into the quarterly financial performance of each company. "Earnings per share" refers to your share of the profits as an owner of the business.