🔥 Aramco fans the flames

Saudis up pumping | China looks fragile | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for August 10th in 2:58 minutes. 🎉 Our [premium Investor Edition newsletter]( is here: every day, you’ll get at least one easy-to-implement idea from our analysts straight to your inbox. It might be a strategy, a stock pick, a quietly surging trend – you name it, it’ll help you make your portfolio work harder. [Get 50% off]( Today's big stories - Oil giant Saudi Aramco joined peers in reporting bumper earnings - Preowned fashion stocks are all the rage, and a couple could make your portfolio pop – [Read Now]( - Goldman Sachs and JPMorgan Chase downgraded their growth forecasts for China’s economy The Aramcomeback Kid [The Aramcomeback Kid] What’s Going On Here? After a tough year or two, oil producers are rolling in it again – and the world’s largest, Saudi Aramco, became the latest to report much-improved profit over the weekend. What Does This Mean? As major economies reopen, commodity prices have surged: oil is up more than 30% so far this year. That’s provided a welcome [windfall]( for energy companies after the price of the slippery elixir tanked in early 2020 – and Saudi Arabia’s state-owned oil giant, which listed some shares publicly in [late 2019](, is the latest to join the party. Aramco’s earnings last quarter were actually even better than expected, almost [quadrupling]( compared to the same time last year. But while many oil majors have taken this opportunity to [raise]( dividends and reintroduce share buybacks, Aramco plans to reinvest its bumper profits in expanding oil production further – even as other energy firms scale back their own output ([tweet this](). Why Should I Care? The bigger picture: In through the out door. Aramco’s European and American rivals are under [pressure]( from governments and investors alike to cut oil production and accelerate their shift toward renewable energy. And that mission became even more urgent on Monday after a landmark United Nations [report]( flashed code red for climate change absent drastic action. Saudi Aramco, however, appears to anticipate oil remaining a part of the world’s energy mix for some time to come. Zooming in: Wrong way down a one-way street? Road transport is one of the [largest]( sources of greenhouse gas emissions – but according to Bloomberg New Energy Finance, at least two thirds of global car sales will be electric by 2040. The research firm reckons that oil demand from fossil fuel road vehicles will peak in 2027 and rapidly decline thereafter – which may mean Aramco’s present plans to increase production end up misplaced. You might also like: [How to invest in the EV supply chain.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=The Aramcomeback Kid&utm_campaign=daily-global-10-08-2021&utm_source=email) 2. Analyst Take Fast Fashion Is Out. Preowned Fashion Is In. What’s Going On Here? One of the most à la mode megatrends right now is the “[circular economy](”. One person’s trash is another’s treasure – and major fashion firms are [popping tags]( big time in a bid to get on board. That’s no surprise: the secondhand fashion industry is expected to [grow 20% a year]( for the next five years. That’d make it one of the [fastest-growing segments]( in the entire retail sector. Investors are also taking full advantage: several secondhand fashion marketplaces have made hugely successful stock market debuts already this year, and there could be [many more to come](. So that’s today’s Insight: [which stocks stand out]( in this increasingly competitive vintage marketplace. [Read or listen to the Insight here]( SPONSORED BY INVESTENGINE Take that, tax man A lower tax bill means more cash in your back pocket. It’s that simple. With [InvestEngine](, you can [build your own ISA portfolio]( that’s tax-free and zero-commission: [no portfolio fees, no trading fees, and no ISA fees](. You’ll choose from a range of handpicked ETFs to construct a portfolio that suits you. And once you’re set up, you’ll be able to rebalance that portfolio – and add funds – in just a few clicks. You only need £100 to get started – and right now, you’ll [even get a £50 welcome bonus](. Take control of your tax-free investing: [visit InvestEngine today](. [Get Started]( With investing, your capital is at risk. Welcome bonus terms and conditions apply, subject to minimum investment. Investengine (UK) Limited is Authorized and Regulated by the Financial Conduct Authority FRN [801128] It’s Not Over Yet [It’s Not Over Yet] What’s Going On Here? Two of the world’s most influential investment banks downgraded their growth forecasts for China on Monday – and you-know-what was largely to blame. What Does This Mean? America’s Goldman Sachs and JPMorgan Chase [lowered]( their economic expectations for China across both the current quarter and the whole of 2021, following a similar move by Japanese rival Nomura last week. All three banks believe that recent measures to contain the rapidly spreading Delta variant of coronavirus will curb consumer spending – the largest component of China’s economy. Goldman now predicts the Chinese economy will grow 8.3% this year compared to 2020, rather than 8.6%. JPMorgan expects 8.9% annual growth – also slightly lower than its previous figure of 9.1%. But Nomura thinks the impact will be more significant: it cut its forecast all the way from 8.9% to 8.2%. Still, at least China should still be on track to meet its official economic growth [target]( of over 6%... Why Should I Care? For markets: Holding out for a hero. It’s not all doom and gloom: China’s central bank is now expected to step in with yet more economy-boosting support. Lower interest rates and/or [another]( cut to the amount of cash local Chinese banks have to keep in reserve should help encourage lending and spending. They could also bolster the country’s stock market, which has suffered recently from intensifying government [crackdowns]( in several sectors. Zooming out: Do do drugs. Monday also brought good news in the planet’s ongoing push against the pandemic. German drugmaker BioNTech – pharmaceutical giant Pfizer’s partner in developing one of the world’s most widely used coronavirus vaccines – [announced]( that it had now signed contracts to deliver some 2.2 billion doses of the vaccine this year, as well as over a billion more in 2022. The company accordingly increased its forecast for vaccine-related revenue in 2021 by almost 30%. You might also like: [How to profit from the vaccine rollout – without investing in pharma.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=It’s Not Over Yet&utm_campaign=daily-global-10-08-2021&utm_source=email) 💬 Quote of the day “There are no mistakes, only opportunities.” – Tina Fey (an American actress, comedian, writer, and producer) [Tweet this]( SPONSORED BY WEBJOINT Sit back, relax, and invest in cannabis Here’s an investment opportunity with a difference: [WebJoint](, the leading cannabis delivery software provider. [WebJoint]( powers more than a third of California’s cannabis deliveries every day, and it’s growing fast – [346% a year](, to be precise. That’s [$161 million worth of orders]( in California alone, with the company now planning to expand operations to all legalized states. 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Thanks for that. 🌎 Finimize Live 👀 You won’t believe your DeF-eyes Yield farming has got a lot of attention lately, but it’s just one of several developing trends in DeFi this year and beyond. 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