Scoops
Posts
Daily Scoop 10-21

Daily Scoop 10-21

👋 Your Thursday Scoops - Tesla drives & PayPal wants Pinterest

October 21, 2021

View this email in your browser

Today's Scoop:New High Score

Big Picture

American corporations have never been more valuable.
Weekly layoffs hit their lowest point since the pandemic.
Inflation doesn't seem to be affecting corporate profits.

The Market

⬆️

+0.3%

S&P 500: 4,549.78

1Mo:

+4%

| 1Yr:

+32%

| 5Yr:

+114%

Markets rose to a new record today as investors celebrated more positive news. Inflation doesn't seem to be eating into corporate profits, with 84% of companies reporting profits that exceeded investors' expectations. Weekly Initial Unemployment Claims, a proxy for layoffs, hit a new low since the start of the pandemic of 290,000 last week.

Company Scoops ❤🌎💰

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

Tesla

powers through supply issues

PayPal

wants to buy Pinterest

Rio Tinto's

changing steel emissions

Southwest's

struggling to fly

American's

still flying low

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

🤓 Inside Scoop...

Earnings season is all about getting a look under the hood of every public company. Except for the big, famous companies, there's not that much news about corporations on a daily basis. Investors get excited every quarter when companies are required to report on their financial health and answer questions.