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Daily Scoop 7-15

Daily Scoop 7-15

👋 Your Thursday Scoops - Sunscreen causing cancer & homeless at Apple

July 15, 2021

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Today's Scoop:Unsatisfied

Big Picture

Stop using Neutrogena & Aveeno sunscreen because it might cause cancer.
Fewer people got laid off last week.
Policymakers continue to say that inflation spikes will be temporary.
Corporations are reporting surging profits.

The Market

⬇️

-0.3%

S&P 500: 4,360.03

1Mo:

+3%

| 1Yr:

+36%

| 5Yr:

+100%

We’re well into the first week of earnings season, and so far companies are looking really healthy. On average, profits have been much higher than investors expected, but they’re still wondering whether this is the best we’re going to get. Layoffs last week hit a new pandemic low. Manufacturing numbers in the New York area came in strong. The Federal Reserve Chairman told Congress today that inflation will be temporary.

Company Scoops ❤🌎💰

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

Johnson & Johnson's

sunscreen cancer risk

Apple's

homeless camp

Oatly's

profitability & sustainability questioned

Lululemon's

yoga pants save the earth

Facebook's

throwing cash around

🤓 Inside Scoop...

Investors get excited about "stock buybacks" because it makes their investments more valuable. Companies often repurchase some of their stock back from the public, either regularly or when they have strong performance and extra cash. When companies have these extra profits, they can either reinvest them into the company or reward their shareholders. It can be an outright cash payment to shareholders called a dividend, or they can reduce the number of outstanding shares, so each investor's shares represent a bigger piece of the company.