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Daily Scoop 22-2-17

Daily Scoop 22-2-17

👋 Your Thursday Scoops - Avocado shortage & DoorDash eats Uber

February 17, 2022

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Today's Scoop:Concern

Big Picture

Russia-Ukraine tensions are escalating.
More people got laid off last week
An avocado shortage is coming.

The Market:

⬇️

-2.1%

S&P 500: 4,380.26

1Mo:

-4%

| 1Yr:

+12%

| 5Yr:

+85%

Markets took a tumble today on word of escalating tensions in Eastern Europe. Fourth-quarter corporate updates have been mostly positive but with mixed outlooks for the year ahead.

President Biden and the US Ambassador to the United Nations both warned of

an imminent threat of Russia invading Ukraine

More people got laid off last week.

The Labor Department reported weekly initial jobless claims came in at 248,000, higher than last week.

The US government has

suspended imports of avocados from Mexico

, where it gets 80% of its supply, without warning after a plant safety inspector received a threat. It's uncertain when the suspension will be lifted.

Company Scoops ❤🌎💰

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

Walmart's

keeping prices low for shoppers

DoorDash

Cheesecake Factory

Nvidia

Palantir's

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

🤓 Inside Scoop...

Earnings Per Share (EPS) is one of the two main metrics you'll find in the news about a corporation's quarterly financial update. Earnings is another word for profit, so is net income. Earnings per share are the company's profit, divided by the number of shares available. It's a standard way for an investor to evaluate whether the company is earning more or less profit this quarter than the investor expected. It's also helpful then to understand how much the stock price is marked up over the company's profitability. If one company's share price is 15x higher than its earnings per share, it means investors are more confident in that company's future than a company whose share price is 12x its EPS.