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Daily Scoop 7-13

Daily Scoop 7-13

👋 Your Tuesday Scoops - Big banks, big profits, & big inflation

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Today's Scoop:Inflated

Big Picture

1) Inflation spiked in June, driven by surging prices for used cars and trucks.

2) Big banks are raking in profits on record IPO volumes.

3) Companies are stepping up benefits and pay to attract workers.

The Market

⬇️

-0.4%

S&P 500: 4,369.21

1Mo:

+3%

| 1Yr:

+37%

| 5Yr:

+102%

Big banks & Pepsi kicked off earnings season today, showing off big profits from the last quarter. Inflation's back to the top of investors' concerns after consumer prices spiked higher in June than they have in decades. Prices for used cars & trucks surged nearly 11% in the month, accounting for a third of the jump. Shortages across supply chains are driving up prices. Investors are concerned a persistent inflation problem will force policymakers to cut off the stimulus.

Company Scoops ❤🌎💰

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

McDonald's

steps up worker benefits

JPMorgan

PepsiCo's

Boeing

Goldman Sachs

🤓 Inside Scoop...

EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a standard way investors evaluate a company's profitability. Earnings are profits. Investors like to look at profits this way because many of those other components are either out of the company's control or can be manipulated based on accounting decisions.