Scoops
Posts
Daily Scoop 10-27

Daily Scoop 10-27

👋 Your Wednesday Scoops - Robinhood crumbles & Big Tech can't be stopped

October 27, 2021

View this email in your browser

Today's Scoop:Tired

Big Picture

Corporate profits have been higher than expected.
The pandemic digital shift has been a boon for Big Tech.
Businesses have eased up on big purchases amidst higher costs and supply disruptions.

The Market

⬇️

-0.5%

S&P 500: 4,551.68

1Mo:

+5%

| 1Yr:

+39%

| 5Yr:

+114%

Markets slumped a bit today after several days of gains and new record highs. Investors have been pleased with corporate earnings for the third quarter. Over 80% have reported higher profits than expected. Higher costs from supply chain disruptions have not yet eaten into profitability. The Commerce Department did report that durable goods orders dropped in August, meaning businesses eased up on big purchases of things like machinery and technology.

Company Scoops ❤🌎💰

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

Robinhood

stumbles hard

Twitter

keeps flying

Microsoft

can't be stopped

Google

flexes on the internet

General Motors

navigates the potholes

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

🤓 Inside Scoop...

Earnings, aka profits, are the talk of the town at the end of every quarter. Companies report their "Earnings Per Share," or "EPS," to help investors understand the company's profitability per a single share of stock. If you're a shareholder, EPS is your share of the profits. It's helpful as an incremental way for investors to track whether a company is growing its profits consistently. In theory, those profits could be distributed out to shareholders in cash as a "dividend," but really, it's just a standardized way of measuring the company.