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- Daily Scoop 22-4-21
Daily Scoop 22-4-21
👋 Your Thursday Scoops - Coinbase NFT social media & Best Buy's recycling e-waste
There will be no scoops on Monday, April 25th. We'll be back with regularly-scheduled programming on the 26th. If you need us, you know where to find us.
Today's Scoop:Tired
Big Picture
The jobs market is strong.
Rates are likely to keep rising quickly.
Corporate earnings reports have been positive.
The Market:
⬇️
-1.5%
S&P 500: 4,393.66
1Mo:
-3%
| 1Yr:
+6%
| 5Yr:
+84%
Markets sank today despite the positive trend in corporate financial reports.
We're about a fifth of the way through earnings season, and so far, more than 81% of c
orporations have reported stronger profits than investors expected.
Today, the Federal Reserve Chairman hinted strongly at a desire to
raise interest rates more quickly, risking slower growth to calm inflation
. In March, the Fed started raising baseline interest rates to make debt more expensive, slow down borrowing and spending activity, and ultimately stop prices from rising so quickly.
The jobs market is still looking strong.
The Labor Department reported only 184,000 layoffs last week, near the 53-year low of 166,000 reached in March.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Tesla
-
Coinbase
-
AT&T
-
Best Buy's
-
American Airlines
(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, and 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 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.
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