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  • Daily Scoop 22-4-13

Daily Scoop 22-4-13

👋 Your Wednesday Scoops - Delta's flying & JPMorgan prepares for defaults

Today's Scoop:Bounce

Big Picture

  1. Prices are rising quickly for consumers.

  2. Prices are rising even more quickly for businesses.

  3. Corporate financial health checks have been solid so far.

The Market: 

⬆️

+1.1%

S&P 500: 4,446.59

1Mo: +7

%

 

| 1Yr:

+8%

| 5Yr:

+89%

Markets floated upwards today after a long stretch of pessimism.

Investors are worried about high inflation.

Yesterday, the Labor Department reported consumer price

inflation at its highest level in over 40 years

. Things consumers spend money on are 8.5% more expensive than a year ago.

Today, the

Producer Price Index registered its fastest one-year rise on record

. Supplies cost 11.2% more for businesses now than they did a year ago.

Earnings season is here!

Corporations are starting to report on their first-quarter financial performance. Investors will be looking to see whether these higher costs are eating into corporate profits.

Company Scoops ❤🌎💰

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

Delta's

-

JPMorgan's

-

American Express

-

Sony

-

Lucid Motors

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

🤓 Inside Scoop...

Earnings season

is all about getting a look under the hood of every public company. Except for the big, famous companies, there's not that much news about corporations on a daily basis. Investors get excited every quarter when companies are required to report on their financial health and answer investors' questions in the earnings call.

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