Finimize - 📺 It might be time to nab Netflix

Snap’s sales growth hit snail speed | British retail sales fell even further |

Hi Reader, here's what you need to know for October 24th in 3:10 minutes.

🎧 The markets are noisy, so let’s get you some clarity. Join Delphi Digital’s Anil Lulla for How To Invest In Music NFTs, and find out how to make your digital portfolio sing. Grab your free ticket

Today's big stories

  1. Social media company Snap reported its slowest quarterly revenue growth ever
  2. How to know if you should binge on Netflix’s stock – Read Now
  3. UK retail sales fell more than expected in September

Snap Back To Reality

Snap Back To Reality

What’s Going On Here?

Social media company Snap reported its slowest quarterly sales growth ever late last week.

What Does This Mean?

Once the darling of teenagers everywhere, Snap spent most of last quarter in a tailspin – shedding workers and unpromising projects with a kind of desperate, flailing abandon. And while some metrics did point upward (daily active users increased by a better-than-expected 19%), most were pretty damning: US users, for instance, spent 5% less time watching content on its platform than this time last year – likely lured away by TikTok, the hipper new kid on the block. And with advertisers slashing budgets anyway, that bad news comes at a particularly tricky time. That could explain why the average revenue per user fell a disappointing 11%, and why overall revenue grew by a tepid 6%. Investors, spooked by those figures and by Snap’s refusal to give guidance for the second-straight quarter, duly sent its stock plunging 27%.

Why Should I Care?

For markets: Social contagion.
For the third quarter in a row, Snap’s disappointing results have made investors skittish about social media stocks as a whole. The firm's quarterly report caused shares in companies like Meta, Alphabet, and Pinterest to lose a combined market value of $42 billion, as investors worry those ad-reliant platforms could go the way of Snap (tweet this). Things might not be as bad for them though: some analysts reckon picky advertisers might just be shifting their smaller budget allocations to the most efficient and proven platforms, like Facebook and Google.

Zooming out: Twitter teeters too.
Twitter’s another social media company whose stock dropped on Friday, but the blame for that can’t be pinned entirely on Snap. See, Twitter’s dip came on the back of reports that the US government is subjecting Elon Musk’s ventures – including his deal to buy Twitter – to national security reviews. This is the latest twist in a Musk-Twitter saga that’s beginning to seem like an M. Night Shyamalan film.

Copy to share story: https://finimize.com/wp/news/snap-back-to-reality/

🙋 Ask a question

Analyst Take

Is Netflix A Buy After This Latest Plot Twist?

Is Netflix A Buy After This Latest Plot Twist?
Photo of Reda Farran

Reda Farran, Analyst

What a year it’s been for Netflix

Back in April, the streaming giant announced it had lost viewers for the first time in a decade in a shocking update that sent its stock price down 35% in a single day. 

I wrote back then about whether the firm could turn things around and whether you might want to think about buying shares.

So with the firm now reporting a return to growth, I decided to revisit that investment thesis.

That’s today’s Insight: is it time to binge on Netflix’s stock, or just time to chill? 

Read or listen to the Insight here

SPONSORED BY MOOMOO

Take on Wall Street

If you’re trying to keep up with the pros, you’ve got your work cut out for you.

After all, expert traders have access to the fastest real-time data sources, top-tier analysis, and unparalleled comparison tools.

So maybe don’t tell them that you’ve found all their tricks on moomoo: the award-winning platform is practically overflowing with pro-level tools that can help you trade like the big guys.

We’re talking real-time data, cutting-edge stock-scanning technology, easier market access – heck, you’ll even unlock super-fast trading. Wall Street won’t know what hit it.

And here’s the cherry on top: you’ll get up to 15 free stocks – each worth up to $2,000 – if you open and fund an account.

Check Out MooMoo

Disclaimer

Level 2 data is free to moomoo users that have an approved brokerage account with Moomoo Financial Inc. Terms and Conditions apply; please visit https://www.moomoo.com/support/topic490 for details. $2,000 value is based on the market price at the time of the gift. Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.

Brits Aren’t Biting

Brits Aren’t Biting

What’s Going On Here?

Data out on Friday showed that UK retail sales fell more than expected in September.

What Does This Mean?

It’s blindingly obvious that inflation in the UK’s through the roof, but the latest data took even economists by surprise: British retail sales fell 1.4% in September compared to August, almost three times the expected 0.5%. Now, a drop that sharp normally has a couple of causes, and the most obvious is that folk are simply cutting back on expenses as prices rise. In fact, 41% of all motorists were avoiding non-essential journeys because of high fuel prices, and online shopping and food store sales were down 3% and almost 2% respectively in September. Store closures during the late Queen’s funeral played a role in those numbers too, but after August’s drop, these dips are starting to look like a trend. All in, sales volumes are languishing a whole 10% below their pre-pandemic rate.

Why Should I Care?

For markets: Bad news for Brits.
The pound fell in the wake of the news, and economists said the data makes it more likely that the economy shrank last quarter. On top of that, separate data showed that UK consumer confidence – a measure of how Brits view their finances and the economy – continued to hover near 50-year lows at the start of this month. What’s more, all that data came in before the prime minister resigned last week, a move that’ll bring uncertainty and nervousness to fever pitch.

The bigger picture: In the hole.
Whoever replaces the outgoing prime minister will inherit an unenviable job, especially when it comes to getting government finances in check. After all, the government deficit – that’s the difference between what it spends and what it brings in from things like taxes – was much higher than expected last month. The country’s been piling up debt to plug the gap, but with interest rates on the up, that solution’s looking pretty unsustainable.

Copy to share story: https://finimize.com/wp/news/brits-arent-biting/

🙋 Ask a question

💬 Quote of the day

“It’s so much easier to suggest solutions when you don’t know too much about the problem.”

– Malcolm Forbes (an American entrepreneur)
Tweet this

Your brand could represent the new investing era

The second Finimize Modern Investor Summit will celebrate the new era of investing.

So if your brand or product is helping to create the next generation of investing opportunities, our summit is the ideal place to showcase your potential.

Feature your product during speaker slots, fireside chats, and expert Q&A panels, and you’ll be able to directly engage with an engaged audience and demonstrate your brand’s true power.

Thousands of retail investors attended the Modern Investor Summit last year, so don’t miss your chance to get your product in front of our community this December.

Put your brand in the spotlight.

Find Out More

CHART OF THE WEEK

The source of a country’s GDP – or gross domestic product – evolves in stages that mirror an economy’s overall development: it generally starts with agriculture, moves into industry, and then settles down in services. As you can see from the chart, China and India still make a big chunk of their GDP through agriculture, while the US now makes a whopping 80% of its GDP through services.

Created with Genuine Impact.

🎯 On Our Radar

  1. The green-eyed monster. How to stop craving what others have.
  2. Rising rates aren’t doing you any favors. Maybe these stocks could, though.*
  3. Sorry, kids. Intensive parenting’s unpopular – but apparently it’s effective.
  4. Revenge is swift. This singer’s been dishing the dirt on celebrities for sixteen years.
  5. Chessgate. The chess-world drama now has a $100 million price tag.

When you support our sponsors, you support us. Thanks for that.

🌍 Finimize Live

🥳 Coming Up This Week…

All events in UK time.

🎧 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
🏆 How To Spot Investment Opportunities In Gold: 12pm, October 27th
🥗 How Will The Global Food Crisis Impact Your Portfolio: 1pm, October 28th

👀 And After That…

🇨🇳 What You Need To Know About Investing In China: 5pm, October 31st
🎨 How To Buy And Sell NFTs: 6pm November 1st
🤑 Asset Allocation For Young Investors: 5pm, November 2nd
🙋‍♀️ Ladies Investing Club Meetup: 6.30pm, November 2nd (in person)
😎 How To Build A Portfolio Ready For The Next Decade: 1pm, November 3rd
💰 Strategies For Market Volatility: 1pm, November 8th
🔧 Tools Value Investors Use For Turbulent Times: 6pm, November 10th
🌍 How To Build An Eco-Friendly Crypto Portfolio: 1pm, November 14th
🚀 Modern Investor Summit: 12pm, December 6th-7th

Automated advertisement – Finimize does not endorse advertiser • Privacy Policy | Advertiser Disclosure
❤️ Share with a friendYour Referrals: 0

Thanks for reading Reader. If you liked today's brief, we'd love for you to share it with a friend.

Share your unique link:

https://finimize.com/invite/?kid=177ZWC

You stay classy, Reader 😉

We’d love to hear your thoughts. Give feedback

Want to advertise with us too? Get in touch

Image Credits:

Image credits: jocic - Shutterstock | National Museums Northern Ireland

Preferences:

Update your email or change preferences

View in browser

Unsubscribe from all Finimize Emails

😴

Crafted by Finimize Ltd. | Bow Bells House, Bread Street, London, EC4M 9HH

All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021

View Online

Key phrases

Older messages

🇺🇸 American Airlines has an ego

Thursday, October 20, 2022

American Airlines' profit got airborne | Hermès is still bougie and booming | TOGETHER WITH Hi Reader, here's what you need to know for October 21st in 3:13 minutes. 🤷‍♀️ Today's markets

🇬🇧 UK markets have hidden opportunities

Wednesday, October 19, 2022

ASML reported impressive profit and revenue | UK inflation hit double digits again | TOGETHER WITH Hi Reader, here's what you need to know for October 20th in 3:09 minutes. 🙋‍♀️ Hearing from three

💥 Netflix smashed through its own projections

Tuesday, October 18, 2022

Netflix outdid itself | Foxconn's planning to conquer EVs | TOGETHER WITH Hi Reader, here's what you need to know for October 19th in 3:13 minutes. 📚 Ratios might've been the bane of your

🏡 Homes will get cheaper... eventually

Monday, October 17, 2022

BP sees green in renewables | Brits are rushing to buy their dream homes | TOGETHER WITH Hi Reader, here's what you need to know for October 18th in 3:06 minutes. ♻️ Sustainable investing is a

👀 What Buffett's buying

Sunday, October 16, 2022

US banks reported a hodgepodge of losses and gains | China's prices inched upward | TOGETHER WITH Hi Reader, here's what you need to know for October 17th in 3:08 minutes. 🙋‍♀️ Our analysts try

The $65 trillion blind spot

Monday, December 5, 2022

Bloomberg Evening Briefing View in browser Bloomberg There's a hidden risk deep inside the global financial system, embedded within $65 trillion of “dollar debt” held by non-US institutions via

🛢 Oil is touch and go

Monday, December 5, 2022

The West launched some tough sanctions against Russian energy | Foxconn's Covid troubles rocked revenue | TOGETHER WITH Hi Reader, here's what you need to know for December 6th in 3:13 minutes.

You can still make an impact in 2022

Monday, December 5, 2022

Learn why more than 50% of our clients invest in impact. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

How SBF played DC

Monday, December 5, 2022

Plus: Why Tesla may pay the price, and a controversial fix for the housing market. View in browser Subscribe Only fascinating stories Nicholas Carlson, December 5, 2022 Hello, Insiders. Gen Z has it

The Uses of Friction

Monday, December 5, 2022

Plus! Market-Making; Poaching and Equity Currency; China's Covid Economy; The Cost of AI; Friendshoring; Diff Jobs ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Wall Street: Bad bonus season

Monday, December 5, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Welcome back! It's Dan DeFrancesco checking in from NYC. Honestly, I didn't even want the US to win

🇺🇸 The US is over-employed

Sunday, December 4, 2022

New US jobs could keep fueling inflation | Twitter sweetened the deal for advertisers | TOGETHER WITH Hi Reader, here's what you need to know for December 5th in 3:05 minutes. 🚀 Sallie Krawcheck

🚀 SBF goes on a (press) tour

Sunday, December 4, 2022

Plus, what comes after the AI avatar era? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Elon vs. Apple — Purple mystery — Real-estate stars

Sunday, December 4, 2022

A selection of our best stories from the past week, as chosen by a top editor. Subscribe to Insider View in browser INSIDER WEEKLY Hi, I'm Matt Turner, the editor in chief of business at Insider.

Longreads + Open Thread

Saturday, December 3, 2022

Cardboard; Walkman; Shorting; Railroads; Computing; Accidental Gods ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌