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- Daily Scoop 22-2-8
Daily Scoop 22-2-8
👋 Your Tuesday Scoops - Drug money & Peloton cleans house
Today's Scoop:Bounce
Big Picture
More businesses are raising wages.
Inflation is affecting small business optimism.
Corporate profits are looking good.
The Market
⬆️
+0.8%
S&P 500: 4,521.54
1Mo:
-3%
| 1Yr:
+16%
| 5Yr:
+95%
Markets chose positivity today amidst a volatile week.
Corporate updates have been strong.
About 300 of the biggest companies have already reported earnings, and more than 75% announced
higher profits than investors expected
.
The National Federation of Independent Business released the results of its monthly survey indicating
small business optimism declined
slightly in January.
Inflation has been the most significant issue
, cited by 22% of business owners. Nearly half of the small businesses surveyed reported
open positions they could not fill.
Fifty percent of small businesses reported
raising wages
, the highest number in almost 50 years.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Peloton
-
Pfizer's
-
T-Mobile
-
Tyson Foods
-
Nissan
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
"Beats" and "misses" are CNBC's favorite ways to talk about corporate updates. The headlines announcing, "Company beats EPS by 10 cents," are referring to whether the company was more or less profitable for the quarter than investors expected. Wall Street Analysts are constantly making projections of how they expect companies to perform. When companies report their actual earnings (profits) and revenues, media outlets will compare those numbers to the average of the Analysts' expectations. Don't get too focused on those statements. Take the updates as news. Suppose a company makes $100B of revenue per year. In that case, it's not totally necessary to worry about whether it earned $0.5B more or less than the average of a bunch of estimates for a specific three-month period. It's more about the context.
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