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Today's big stories

Uber reclassified all of its 70,000 UK drivers as "workers" after losing its court battle last month
There are still cheap stocks hidden in the market if you know where to look – Read Now
A new survey revealed inflation has overtaken the pandemic as professional investors’ biggest concern

The Gig Is Up

What’s Going On Here?

Uber reclassified all 70,000 of its UK drivers as “workers” on Wednesday, in hopes it might finally get picked up from the airport next time it visits London.

What Does This Mean?

After losing a tough court battle last month, Uber was forced to treat the 25 drivers who brought the case as “workers” – that is, just shy of full employee status – rather than freelancers. Now, though, it’s gone the whole hog and decided to reclassify all of its UK drivers, which entitles them to minimum wage, vacation pay, and pension payments. The ride-hailing company didn’t say how much those added benefits would hurt its bottom line, but it did promise not to raise fares or to tweak its profitability forecasts for the rest of the year.

Why Should I Care?

Zooming out: Uber’s troubles might just be starting.
Uber may have lost the legal battle, but it still has a war on its hands. Even now, the company will still only pay its drivers once they’ve accepted trips and not for the time in between – which amounts to roughly a third of their working day. But since last month’s ruling dictated that those 25 drivers are working from when they log in to the app to when they log off, the rest might now come after the same treatment.

The bigger picture: There’s a post-pandemic future to think about.
Uber’s ride-hailing has – for obvious reasons – struggled during the pandemic, but at least it had its food delivery business to pick up the slack. Of course, that dynamic might shift when restaurants reopen their doors and manage their own deliveries. That’s not a problem for Just Eat Takeaway.com, which has focused more on acting as an online marketplace than actually delivering the food – and become a favorite for big-name takeout chains as a result.

You might also like: How to make up your own mind about Uber’s profitability.

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2. Analyst Take

Cheap Stocks Still Exist, No Matter What The Headlines Say

What’s Going On Here?

It seems like every time you look at the headlines, there’s something about how pricey the stock market is right now.

And it’s true, US stocks are expensive: the S&P 500 index’s price-to-earnings ratio is about as high as it’s ever been.

But it’s not true of all stocks. In fact, certain sectors – consumer staples, healthcare, and even tech – are surprisingly cheap versus both history and the market.

Of course, the key is knowing which of those stocks are due for a rebound, and which are cheap for good reason.

So that’s our Insight for today: the undervalued sectors that could come roaring back, and which stocks in particular you’ll want to take note of.

Read or listen to the Insight here

Know thy audience

TransferWise, GymShark, Klarna: you know the brands, but you might wonder how they got quite so big.

Simple: they used Attest to track and build brand awareness, and you can too.

See, Attest’s consumer research platform provides fast, accurate, real-time data on what your audience is thinking, so you can keep your finger on the pulse.

You’ll be able pinpoint your target demographic from Attest’s 100 million people in 46 countries and create customized surveys to collect the exact information you need.

So go ahead: build your brand with Attest.

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Worried Sick

What’s Going On Here?

A new survey showed that investors now think inflation is a bigger threat to their portfolios than the pandemic – but hey, at least it’s something new to get anxious about…

What Does This Mean?

Every month, Bank of America surveys over 200 investment managers to see what they’re most worried about, and for the first time in a year, it’s not coronavirus. They now think inflation is the biggest risk to their portfolios, and they almost all agree that it is on the way: a record 93% of those surveyed are expecting global inflation over the next twelve months. Investors’ biggest fear is that the combination of an economic recovery and unprecedented government spending will push inflation up by too much, too quickly. Because if that happens, central banks might hike interest rates to slow down rising prices – and damage stocks in the process.

Why Should I Care?

For markets: The winners and losers of surging prices.
Inflation often goes hand in hand with strong economic growth, which might be why the survey’s participants are upping their stakes in economically sensitive sectors like banks and energy. Meanwhile, they’re selling off their shares in tech companies, whose earnings rely less on economic performance. So much so, in fact, that the percentage of their portfolios invested in tech stocks just hit its lowest level since 2009 (tweet this).

Zooming out: It’s crucial to keep economic growth steady.
All eyes were on the US Federal Reserve’s (the Fed’s) update on Wednesday, as investors try to work out its future interest rate plans. See, the US economy is now likely to grow faster than the Fed previously thought, but the central bank has said – and repeated on Wednesday – that it doesn’t expect to raise rates anytime soon. That could be good for stocks in the short term, sure, but if prices start rising too fast and the Fed has a sudden change of heart, a selloff might be next…

You might also like: Here are a few stocks that could actually benefit from inflation.

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💬 Quote of the day

“Facts are facts and will not disappear on account of your likes.”

– Jawaharlal Nehru (the first Prime Minister of India)

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📚 What we're reading

NFTs might cost the Earth (Bar & Line)
How to upgrade your checking account (OnJuno)*
“We believe we’re rich, we believe we’re rich” (Cosmopolitan)
No credit history? No problem (Jasper)*
Born vaccinated (Business Insider)

*This free content helps us keep the newsletter free.

🌎 Finimize Events

🤓 Live healthy, wealthy, and wise

This year’s proved not only what heroes our healthcare workers are, but how important the sector’s going to be in overcoming unexpected challenges. So join Citi Investment Management’s Joe Cordi for Investing In Healthcare, and find out which investments could give your portfolio a real shot in the arm.

👌 The Three Most Important Metrics In Investing: 6pm UK Time, March 18th
💉 Investing In Healthcare: 6pm UK Time, March 22nd
👩‍💻 The Possibilities of a She-covery: 1pm UK Time, March 25th
🤑 A Guide To Crypto In 2021: 6pm UK Time, March 25th
🎙 Finimize Monthly Town Hall: 1.30pm UK Time, March 26th
🔥 The Wonderful World Of SPACs: 2.30pm NYC Time, March 26th
😎 Crowdfund Club: 6pm UK Time, March 30th
😡 The Influence of Behavior on Investing: 5pm UK Time, March 31st
♻️ ESG: The Environmental Perspective: 6pm UK Time, March 31st
⏰ Is It Too Late to Invest in Bitcoin?: 1pm UK Time, April 1st
🥕 The Rise Of Vegan Investments: 6pm UK Time, April 6th
🚀 The Rise Of The Retail Investor: 9pm Hong Kong Time, April 6th
👀 How to Spot the Next Bitcoin: 12pm NYC Time, April 7th
💵 The Surge In Digital Payments: 6pm UK Time, April 8th

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Finimize - 👍 Yes to cheap stocks

Today's big stories

The Gig Is Up

What’s Going On Here?

What Does This Mean?

Why Should I Care?

Cheap Stocks Still Exist, No Matter What The Headlines Say

Know thy audience

Worried Sick

What’s Going On Here?

What Does This Mean?

Why Should I Care?

Sleepwear like you’ve never had before

🤓 Live healthy, wealthy, and wise

Older messages

🚘 Watch your bumper, Tesla...

🤑 America's new most valuable startup

🤩 Psychedelics are dope

💅 BlackRock: gold is pointless

📈 Game on, Roblox

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