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Daily Scoop 7-26
👋 Your Monday Scoops - Tesla shocks & Big tobacco gives up on cigarettes
Today's Scoop:Easy Breezy
Big Picture
Corporations are making more profit than originally expected.
Cigarettes are getting phased out in the UK.
Automakers in Europe keep shifting to electric.
The Market
⬆️
+0.2%
S&P 500: 4,422.30
1Mo:
+3%
| 1Yr:
+37%
| 5Yr:
+103%
Markets continued rising to new highs today, turning optimistic on economic conditions. Corporations have been exceeding already high expectations for profit this quarter. Big Tech is on deck for their updates this week. Investors are starting to consider that infection resurgence might not lead to shutdowns and major economic impacts.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Tesla
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Activision Blizzard's
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Boston Beer's
-
Philip Morris
-
Mercedes
🤓 Inside Scoop...
When you hear investors talk about "valuations," they're talking about stock prices. A company's value is based on supply and demand for its shares. The more people want to invest in a particular company, confident in its future, the higher its share price will rise. When investors comment on whether a company's value is too high, it means they don't have as much confidence in that company as everyone else does, and think its share price is too high.
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