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Hey friends, we have some exciting news...
You can now invest directly in Share Scoops! We just opened fundraising briefly so our whole community can participate in our pre-seed round alongside our other backers. (How does startup investing work?)
Over $100K raised from 75 investors in less than a week!
Here's what you need to know today...
Big Picture
Wages aren't keeping up with living costs.
Worker productivity is lower.
Layoffs are still broadly low, despite the corporate job cuts.
The Market: ā¬ļø+0.8%
S&P 500: 3,981.351Mo: -4% | 1Yr: -9% | 5Yr: +43%
The market inched higher today without a ton of positive news.
Layoffs are still broadly low despite the consistent announcements from major corporations cutting staff. The Labor Department reported initial unemployment claims fell to 190,000 last week, in line with pre-pandemic averages. The significant cuts have mainly been concentrated in big tech companies where severance pay may delay unemployment filings. With nearly two available jobs for every unemployed worker, laid-off staff may also just be finding new roles quickly. The unemployment rate in January was the lowest in 53 years.
Wages aren't keeping up with rising living costs. The Labor Department reported hourly wages rose 4.7% in 2022 while prices for consumer goods and services rose 5.3%.
Worker productivity is declining, despite the higher wages. The Labor Department reported productivity fell 1.7% in 2022.
Company Scoops š£ļøšš°
Click to dig in & vote your reaction, see how others feel
Eli Lilly decides to slash insulin prices
Delta Air Lines boosts pilot wages
Salesforce battles back activist investors
McDonald's board dodges sexual misconduct liability
(These links only work for 24 hours while the story is live)
Inside Scoop š¤
Earnings Per Share (EPS)
Earnings Per Share (EPS) is one of the two main metrics you'll find in the news about a corporation's quarterly financial update. Earnings is another word for profit, and so is net income. Earnings per share are the company's profit divided by the number of shares available. It's a standard way for an investor to evaluate whether the company is earning more or less profit this quarter than the investor expected.
Understanding how much the stock price is marked up over the company's profitability is also helpful. That's called a price-to-earnings multiple (P/E multiple). If one company's share price is 15x higher than its earnings per share, investors are more confident in its future than a company whose share price is 12x its EPS.
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