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- Daily Scoop 22-2-16
Daily Scoop 22-2-16
👋 Your Wednesday Scoops - Airbnb's back in action & Roblox's meta miss
Today's Scoop:Reassured
Big Picture
Consumers are still spending a lot.
Homebuyers face one of the most expensive markets ever.
Policymakers are still planning to wind down stimulus slowly.
The Market:
⬆️
+0.1%
S&P 500: 4,475.01
1Mo:
-2%
| 1Yr:
+14%
| 5Yr:
+90%
Markets wobbled around and ended slightly positive today. The Federal Reserve released the transcript from its last policy meeting, and investors were pleased to find
no surprises in Fed policy
. The Fed's still planning on winding down the stimulus next month, then starting to raise interest rates, and then thinking about reducing some of the extra money in the system.
The Census Bureau reported a more significant jump in retail sales numbers for January than expected, signaling
healthy consumer spending
. People spent a lot more online, particularly on furniture.
Today, the Mortgage Bankers Association said that the average purchase loan size hit a record $453,000.
Surging home prices have pushed mortgage borrowing to record amounts.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Airbnb's
-
BioNTech's
-
Shopify
-
Kraft Heinz
-
Roblox
(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 or 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.
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