Finimize - 🇩🇪 Germany avoids a recession

There's big competition in Big Oil | Europe's economy is still lagging |

Hi Reader, here's what you need to know for May 2nd in 3:11 minutes.

⛅️ Today’s a public holiday for us at Finimize HQ, so we’ll be taking a day off to soak up the… clouds. We’ll be back on Wednesday, and we’ll miss you too.

Today's big stories

  1. Oil giants Exxon Mobil and Chevron reported booming profits
  2. Here's how to work out if your next crypto investment is risky and rewarding, or just plain risky – Read Now
  3. Data out last week showed the eurozone economy barely grew last quarter

Cold Hard Trash

Cold Hard Trash

What’s Going On Here?

Exxon Mobil reported booming profits on Friday, even if the oil giant had to scrap some best laid plans along the way.

What Does This Mean?

You know the oil price is in top form when a major producer can wipe billions off its books and come out swinging. That’s exactly what Exxon did last quarter: it wrote down $3.4 billion from the value of its Russian business and still posted a $5.5 billion profit – twice as much as the same time last year. “That’s cute,” said Chevron: the rival oil giant’s profit more than quadrupled, hitting its highest for a quarter since 2012. The company’s “free cash flow” hit a 17-year high too, meaning the world is Chevron’s oyster: it could use that money to buy back shares, boost its dividends, or pay off the debt it’s built up in the last couple of years.

Why Should I Care?

The bigger picture: Heating isn’t getting any cheaper.
Exxon is ahead of Chevron on that front: the company just announced that it’s as much as tripling its share buybacks. The move – which will reduce the amount of available shares and push up the value of those left over – comes a day after TotalEnergies pledged to buy back $2 billion worth of its own stock by July. Big Oil investors are loving it, but governments aren’t keen: they’re pressuring energy companies to invest the money into oil production, as consumers pay an arm and a leg at the gas pump.

For markets: Push and pull.
The oil price just notched its fifth monthly gain in a row in April, but the slippery elixir could be left in limbo in the next few months. On the one hand, prices are set to keep rising: the European Union’s threat of a ban on Russian oil could see to that. But on the other, China’s relentless Covid lockdowns are damaging demand from the world’s biggest oil importer, which is bound to have the opposite effect.

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Analyst Take

How To Tell If A Crypto Is Risky And Rewarding, Or Just Plain Risky

How To Tell If A Crypto Is Risky And Rewarding, Or Just Plain Risky

By Jonathan Hobbs, Analyst

What’s Going On Here?

Crypto is risky, there’s no doubt about it.

But it’s also very rewarding if you can find crypto that offers the highest returns for the lowest risk.

Fortunately, there is a way to do exactly that: a simple strategy you can use to calculate one coin’s risk-reward balance next to another’s.

With this approach, you’d find that dogecoin – which has delivered the highest return in the last three years – actually compensated investors less than almost all the major coins for the risk they took on.

So going forward, this three-step strategy could be an invaluable way to decide if your new favorite coin is worth the risk.

That’s today’s Insight: how the major crypto investments stack up against each other, and how to roll out this strategy for yourself.

Read or listen to the Insight here

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Mortal Combat

Mortal Combat

What’s Going On Here?

Data out last week showed the eurozone economy barely grew last quarter. As for why, take your pick…

What Does This Mean?

Europe’s ongoing battle with inflation, war, and supply chain issues all conspired to drag down the region’s economy, which only grew 0.2% last quarter compared to the quarter before. All its major economies were impacted: Spain’s growth slowed considerably, France’s output didn’t grow at all, and Italy’s shrank. Germany didn’t exactly shoot the lights out either, with its economy growing just 0.2%. But it was the only one to actually beat expectations. Oh, and its uptick marked a rebound from the previous quarter’s 0.3% contraction, which means it narrowly avoided slipping into a recession. Phew.

Why Should I Care?

The bigger picture: Rock, meet hard place.
This data will no doubt make the European Central Bank (ECB) uncomfortable, especially combined with inflation that won’t stop rising: new data on Friday showed that consumer prices in the eurozone were 7.5% higher in April than a year ago – the second record-high in a row (tweet this). And to think, the ECB’s aim for inflation is down at the 2% mark. That means the central bank will probably have no choice but to raise interest rates this year, even though it’s been adamant it wouldn’t do that. That creates a whole new problem, mind you: higher interest rates slow down consumer and business spending, which could hamstring growth even more.

Zooming in: Stop fighting it, ECB.
Europe’s record inflation was mostly driven by energy prices in the region, which were 38% higher in April than they were a year ago. And with Russia halting natural gas supplies to Poland and Bulgaria last week, gas prices have just risen another 20%. That’ll only push inflation higher, and could force a reluctant ECB to step in even sooner.

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💬 Quote of the day

“The years teach much which the days never know.”

– Ralph Waldo Emerson (an American essayist, lecturer, and philosopher)
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🌎 Finimize Live

🎉 Coming Up This Week

All events are in UK time.

How To Choose An Exchange-Traded Fund: 12.30pm, May 3rd
🌱 How To Turn Your Portfolio Vegan: 6pm, May 3rd
💥 What Is ReFi Anyway?: 5pm, May 5th
🎉 How To Invest In The Metaverse: Land, Stocks, And Crypto: 6pm, May 6th

💪 And then after that…

🚀 How Space Is Changing The World: 5pm, May 9th
👉 What’s Next For Crypto Regulation?: 6pm, May 11th
📚 How To Go From Ideas To Execution: 5pm, May 12th
💻 How To Invest In The Up-And-Coming Tech Landscape: 5pm, May 13th
📈 How To Identify High Growth Metaverse Stocks: 12pm, May 16th
🙌 How To Invest In Community-Led Projects: 5pm, May 16th
🌎 How To Invest In The Global Chip Shortage: 5pm, May 17th
🏡 How To Buy A Digital Condo: 12pm, May 18th
🚗 The Leaders Of The EV Revolution: 5pm, May 19th
♻️ How To Pick Winning ESG Stocks: 5pm, May 20th
📈 How To Invest Thematically: 12pm, May 24th

🎯 On Our Radar

  1. You can’t avoid gold diggers. After all, we’re all one.
  2. A fossil just baffled scientists. Probably because it’s glowing.
  3. Not-so-petty theft. Rival firms are stealing each other’s frozen brains.
  4. Time to make beauty sustainable. Here’s how to save the planet, one hair wash at a time.
  5. An ode to garlic. Bad breath will always be worth it.
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