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Daily Scoop 7-28

Daily Scoop 7-28

👋 Your Wednesday Scoops - The future of Apple & so much cold brew

July 28, 2021

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Today's Scoop:Party On

Big Picture

Big Tech companies are reporting insane profits.
Policymakers aren't planning to cut off the stimulus anytime soon.
Restaurants and coffee shop traffic is back in full.

The Market

⬇️

-0.02%

S&P 500: 4,400.64

1Mo:

+3%

| 1Yr:

+35%

| 5Yr:

+102%

Jerome Powell, the chairman of the Federal Reserve, aka the Central Bank, said they're not worried too much about the new variant disrupting the economy, but they also think we have a long way to go before they start cutting off the stimulus. Investors have been worried that rising inflation might force the Federal Reserve to cut off the stimulus earlier than expected.

Company Scoops ❤🌎💰

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

Apple's

blowout quarter

Google

continues to dominate

Microsoft

can't be stopped

Starbucks'

popular cold brew

McDonald's

hot chicken sandwich

🤓 Inside Scoop...

Big Tech companies are important indicators of where "the market" is headed. Apple, Microsoft, Amazon, Facebook, and Alphabet (Google) are a huge portion of the value of the S&P 500. When we're looking at the combined value of the biggest 500 companies in the United States (the S&P 500), these 5 companies make up 23% of the value and the other 495 companies make up the other 77%. These companies are huge.