💥 Netflix smashed through its own projections

Netflix outdid itself | Foxconn’s planning to conquer EVs |

Hi Reader, here's what you need to know for October 19th in 3:13 minutes.

📚 Ratios might’ve been the bane of your life in high school, but they could sure come through for you nowadays. Join Finimize’s own Reda Farran at 1pm today for The Three Most Important Metrics In Investing, and find out how some simple math could teach your portfolio a thing or two. Get your free ticket here

Today's big stories

  1. Netflix announced results that far surpassed expectations
  2. Discover the one ETF making bank in this bear market – Read Now
  3. Manufacturing giant Foxconn announced plans to make a dent in the EV market

We’re Watching Now, Netflix

We’re Watching Now, Netflix

What’s Going On Here?

Netflix reported much better-than-expected results late on Tuesday.

What Does This Mean?

Netflix has announced a falling subscriber count for two straight quarters this year, so the odds were stacked against it coming into this earnings season. But it managed to prove everyone wrong: the streaming giant said projects including “The Gray Man” and “Purple Hearts” were real needle-movers last quarter. That helped it add over 2.4 million subscribers last quarter, smashing through its own projection of one million, and in turn pushing its revenue and profit to both tidily beat analysts’ expectations. And since Netflix predicted even more growth this quarter, the news was good enough to convince investors to brush off the company’s worse-than-expected profit outlook: they sent its shares up 14% after the news.

Why Should I Care?

The bigger picture: Start-stop entertainment.
Netflix will want to keep that subscriber growth going, which might be why it’s decided that downgrading the user experience may be just the way to go. The streaming giant’s bringing forward the launch of its ad-supported service to next month, in hopes that its lower-cost $6.99 version – which slots about five minutes of commercials into every hour of content – will appeal to bargain-hunting entertainment-seekers who can’t get the same low price from rivals Disney+ or HBO Max. All that cash from advertisers would be a nice bonus too: some analysts predict that could make Netflix around $3 billion in extra revenue by 2025.

Zooming out: Netflix won’t share.
Determined to put an end to the bonding experience of sharing your Netflix password with a special someone, the streaming giant revealed the new “Profile Transfer” feature this week. Netflix would have you believe it’s designed to make big moves and break ups easier by switching your history and recommendations to a new account, but it’s probably a simple bid to clamp down on the more than 100 million households that access the service using shared accounts.

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Analyst Take

Why This ETF Is Having A Stellar Year

Why This ETF Is Having A Stellar Year

By Russell Burns, Analyst

With literally thousands to choose from, deciding which exchange-traded fund (ETF) to invest in can be a bit like choosing just one cake from the whole bakery: overwhelming. 

But this one stands out: the iMGP DBi Managed Futures Strategy ETF has gained an eye-watering 33% this year, even with stocks and bonds both struggling.

It’s been mimicking the returns of the major momentum-following hedge funds – but without the big fees they charge.

That’s today’s Insight: how this high-performing ETF could improve the look of your portfolio.

Read or listen to the Insight here

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Foxconn Thinks It Foxcan

Foxconn Thinks It Foxcan

What’s Going On Here?

iPhone maker Foxconn announced a lofty goal on Tuesday to manufacture nearly half of the world’s electric vehicles (EVs).

What Does This Mean?

As the world’s biggest contract electronics manufacturer, ​​with nearly 50% of the world’s information and communication tech market under its sway, there’s little reason to doubt Foxconn’s ability to muscle into new industries. That’s doubly true given that the company – which plans to manufacture the EVs for other firms – is making all the right moves so far: it’s built prototypes from scratch to show what it can do, and has already formed cozy partnerships with established carmakers and EV startups alike. With shrewd strategies like that, it’s no wonder Foxconn’s showing such moxie: the company’s aiming to have 5% of the global EV market – worth about $31 billion – as soon as 2025, and hopes to manufacture nearly half of all the world’s EVs in the long run.

Why Should I Care?

The bigger picture: There is a world elsewhere.
This move won’t just introduce Foxconn to a new industry, it’ll bring the firm to crucial new regions too. The lion’s share of Foxconn’s tech manufacturing has been based in China to date, but with geopolitical tensions between Taiwan and the People’s Republic on a steady boil, it makes sense that the firm’s casting around for some new friends right now. And with new staff in the EV division based exclusively outside of China, this latest move sure shows that Foxconn's shifting gears.

Zooming out: Everyone’s panning for gold.
It’s not a bad time to be breaking into the EV industry: it’s a market where winners can win big right now. Just take a look at BYD, the Chinese EV company, which announced this week that its quarterly profit could jump 365% to a new record high. With growth like that on the table, it’s no wonder that the industry’s caught Foxconn’s eye.

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💬 Quote of the day

“Walking is also an ambulation of mind.”

– Gretel Ehrlich (an American writer)
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🌍 Finimize Live

🥳 Coming Up In The Next Week…

All events in UK time.

💪 Three Metrics You Should Know Before Investing: 1pm, October 19th
🎧 How To Invest In Music NFTs: 6pm, October 24th
🗂 How to Prepare Your Portfolio For Recession: 5pm, October 25th
⬆️ How to Navigate Rising Interest Rates: 1pm, October 26th
🔥 How To Secure Your Financial Future Before 40: 5pm, October 26th

👀 And After That…

🏆 How To Spot Investment Opportunities In Gold: 12pm, October 27th
🥗 How Will The Global Food Crisis Impact Your Portfolio: 1pm, October 28th
🇨🇳 What You Need To Know About Investing In China: 5pm, October 31st
🤑 Asset Allocation For Young Investors: 5pm, November 2nd
🙋‍♀️ Ladies Investing Club Meetup: 6.30pm, November 2nd (in person)
💰 Strategies For Market Volatility: 1pm, November 8th
🔧 Tools Value Investors Use For Turbulent Times: 6pm, November 10th
🚀 Modern Investor Summit: 12pm, December 6th-7th

🎯 On Our Radar

  1. Relax, worrywarts. The stress isn’t useful – and it might never happen.
  2. The evolving Revolver. How one album changed the course of pop.
  3. The end of history. After thirty years, Fukuyama still thinks it’s coming.
  4. Gaming grandparents. This new video game can improve memory in the elderly.
  5. Jazz Age reborn. The 23-year-old musician breathing life into the Songbook.
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