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Daily Scoop 22-2-1

Daily Scoop 22-2-1

👋 Your Tuesday Scoops - Free Domino's & Rio mining bullies

February 01, 2022

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Today's Scoop:Floating

Big Picture

There are a lot of job openings.
Manufacturers are still struggling with high prices.
Corporate earnings reports have been strong.

The Market

⬆️

+0.7%

S&P 500: 4,546.54

1Mo:

-5%

| 1Yr:

+19%

| 5Yr:

+98%

Markets continued drifting upward to start the month as investors turned their attention from stimulus policy to earnings reports. We're moving into the middle of earnings season, and so far, 78% of

corporations have reported higher profits than investors initially expected

for the fourth quarter.

Today, the Labor Department's Job Openings and Labor Turnover Summary (JOLTS) reported job openings rising to the third-highest level ever in December, indicating a

widening labor shortage

The Institute for Supply Management's survey for January showed

declining conditions in the manufacturing sector.

One of the most significant issues cited was a continued increase in supply prices.

Company Scoops ❤🌎💰

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

Domino's

starts paying customers to help

Rio Tinto's

introspective turns ugly

Moderna's

Spikevax gets approved

Sony

buys more ammo in the gaming wars

Caterpillar's

stuck in motion

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

🤓 Inside Scoop...

When companies talk about their earnings, they're talking about their profits. You can get a little more technical with the accounting, but at a high level, everyone's talking about profitability. These "earnings reports" provide insights into the quarterly financial performance of each company. "Earnings per share" refers to your share of the profits as an owner of the business.