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- Daily Scoop 22-12-21
Daily Scoop 22-12-21
👋 Your Wednesday Scoops - BlackRock backsteps on sustainability & YouTube gets NFL
Today's Scoop:Cruising
Big Picture
Consumers are less worried about inflation.
Home sales are down.
The NFL is moving to streaming.
The Market:
⬆️
+1.5%
S&P 500: 3,878.44
1Mo:
-3%
| 1Yr:
-17%
| 5Yr:
+45%
The market continued its rally today on a glimmer of optimism. Nike's financial report gave hope to the retail industry. FedEx proved they could cut costs quickly.
Consumers are feeling more optimistic and less worried about inflation.
The Conference Board's consumer confidence index bounced back to the highest level since April last month. Consumers said they don't expect inflation to stick around quite as long anymore.
Inflation expectations are critical
because if businesses think costs will keep rising, they'll keep raising prices, perpetuating the cycle.
The housing market is tumbling amidst high mortgage rates and low affordability.
The National Association of Realtors reported the number of homes sold fell 7.7% last month, the 10th straight month of decline.
The supply of new homes keeps shrinking.
💸Timely Money Moves💸
Here are
two easy financial wins
before year-end:
Earn free money by taking advantage of investment platform promotions while budgets are tight.
Get up to $30,000 in free stocks you can sell immediately for depositing $1 at Webull.
Get up to $500 cash by transferring your investments to M1 Finance.
Learn: Why do companies do this?
Earn over 4% in a savings account (maybe 40x your existing account) at a local bank now that rates are much higher.
SaveBetter aggregates the highest-paying banks into one interface.
(Big banks often move much more slowly to raise their payouts on savings accounts)
of these platforms and other free services we like to use.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Wells Fargo
-
BlackRock
-
Nike
-
YouTube's
-
FedEx
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Earnings season
is full of "
beats
" and "
misses
." The news reports refer to whether the company reported more or less profit/revenue/whatever for the quarter than investors expected. Wall Street Analysts make projections, and then media outlets will compare the reported financial figures to the average of the Analysts' expectations.
Having a tiny bit more or less revenue (sales) or earnings (profit) than the average of a range of expectations isn't typically something to worry about, especially when it's only three months of a company's lifetime. The important stuff is the report's context and whether the company feels confident about the future.
Agree with these rankings?
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