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Daily Scoop 10-26

Daily Scoop 10-26

👋 Your Tuesday Scoops - Widespread crypto & Facebook's metaverse

October 26, 2021

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Today's Scoop:Rising Tide

Big Picture

Consumer confidence is on the rise.
Surging home prices might be slowing a bit.
Corporate profits are climbing.

The Market

⬆️

+0.2%

S&P 500: 4,574.79

1Mo:

+3%

| 1Yr:

+35%

| 5Yr:

+115%

Markets pushed to new highs today as more corporations reported healthy profits. We're about 30% through earnings season, and so far, more than 80% have exceeded profit expectations. Conference Board's Consumer Confidence Index rose in October after a three-month decline. Home price inflation has shown signs of slowing. The S&P/Case-Shiller Home Price Index showed August home prices were up 20%, but that's steady from the previous month and declining in some regions.

Company Scoops ❤🌎💰

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

Facebook's

forging a new future

Mastercard's

bringing crypto to the masses

UPS

delivers the profit

Lyft

reveals sexual assaults

Verizon's

space internet program

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

🤓 Inside Scoop...

Public companies are required to report on their financial health every quarter. The end of the quarter when most companies give their reports is called "earnings season." It's the best opportunity for investors to get insight into how the company is performing. Earnings is just another word for profit.