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- Daily Scoop 6-23
Daily Scoop 6-23
👋 Your Wednesday Scoops - Free money & a revolt on Amazon
Today's Scoop:Drought
Big Picture:
1) Fewer homes were sold last month as fewer homes on the market pushed median home prices to new records.
2) The manufacturing sector feels optimistic still but a little worried about inflation.
The Market:
⬇️ -0.1%
S&P 500: 4,241.84
1Mo:
+1%
| 1Yr:
+39%
| 5Yr:
+108%
Not much new information for investors to react to right now, so markets just drifted around near all-time highs. May new home sales came in below expectations, dropping -6%, and the median home price rose above $350,000 for the first time ever. The manufacturing sector survey today indicated optimism on growth.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Amazon's
Alabama was just the beginning
-
GameStop's
Popularity is now a business model
-
Sweetgreen's
A healthy diet fueling big ambitions
-
McDonald's
The pandemic changed the way we McFlurry
-
Renewable energy and efficient data centers are key
🤓 Inside Scoop...
Companies can earn extra cash to help fund their business by selling ownership in their company, aka stock or equity. The first time they do it is called an Initial Public Offering (IPO), where they raise money from public investors like us. Anytime after that is a secondary offering or issuance. They only get money from selling new portions of their company. Once the stock is out there, we're all just buying and selling from each other.
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