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Daily Scoop 11-1

Daily Scoop 11-1

👋 Your Monday Scoops - Citi's inequality audit & Coke's BodyArmor

November 01, 2021

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Today's Scoop:Hot

Big Picture

Markets are hitting new records.
The US manufacturing sector's staying strong through supply issues.
The United Nations Climate Change Conference (COP26) just kicked off in Glasgow.

The Market

⬆️

+0.2%

S&P 500: 4,613.67

1Mo:

+7%

| 1Yr:

+39%

| 5Yr:

+121%

Markets jumped into November with high energy, pushing to new record highs. Corporate profits continue to surprise on the positive side. We're about halfway through the third-quarter corporate updates, and more than 80% have reported higher profits than originally projected. The ISM Manufacturing Purchasing Managers’ Index (PMI) reported healthier manufacturing industry operations than expected in September, despite supply and labor shortages.

Also, you'll be hearing about the 26th Conference of the Parties, also known as the COP26. It's the annual United Nations Climate Change Conference, held in Glasgow this year from November 1st through the 12th. The COP26 is an important event to bring countries and leaders together to strategize how to tackle climate change.

Company Scoops ❤🌎💰

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

Coke

buys BodyArmor for battle

Pfizer's

ready for the kids

Citi's

evaluating its discrimination

Roblox's

dark, scary weekend

Boeing

can't clear its runway

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

🤓 Inside Scoop...

Shareholders have the power to pressure corporate executives for change through proxy voting. Any investor with at least $2,000 of value in a public company can submit a proposal for other shareholders to vote on. Typically, these proposals are non-binding, acting more as suggestions to the company that it takes under consideration. If you own a fund, your vote goes to the asset manager running the fund, like BlackRock or Vanguard. Those financial institutions tend to be deciding factors in these voting processes.