⚽️ Snowflake 1, Apple 0

Typical millennial Snowflake | Hermès puts on its gladrags | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for December 3rd in 3:02 minutes. 🚀 The first day of the [Ledger x Finimize Crypto Summit]( was a huge success, with 15,000 of you flocking to your Zooms to hear from the best and brightest crypto thinkers in the world. And we’re not done yet: today’s the second and final day of the Summit, and there’s still loads to come – and still time left to [grab your free ticket]( Today's big stories - Cloud computing company Snowflake posted better-than-expected earnings - If you want to know how to trade the next to-the-moon memecoin, look no further – [Read Now]( - Luxury goods giant Hermès is set to join one of Europe's biggest stock indexes Snow Day [Snow Day] What’s Going On Here? Snowflake [reported]( better-than-expected earnings earlier this week, and the software company’s investors were as giddy as kids celebrating Christmas come early. What Does This Mean? Snowflake provides data warehousing software that helps businesses crunch more numbers more quickly, and overloaded companies couldn’t get enough last quarter: Snowflake had 52% more customers than the same time last year, and 128% more customers that spent $1 million-plus in the previous 12 months. Mix in successful launches across a variety of international markets, and Snowflake’s revenue grew by a barnstorming 110%. The company’s revenue outlook for this quarter came in better than expected too, which meant investors could finally chill out: they initially sent its stock up 13%. Why Should I Care? The bigger picture: Hedge funds are fans. Stocks like Snowflake’s have been in high demand lately, with Goldman Sachs [pointing out]( that hedge funds’ investments in the software sector hit a five-year high in October. That could be because companies are piling into software to make up for [labor shortages]( right now, or it could be because it’s all but guaranteed that big data, cloud computing, and cyber security will be the bread and butter of future industry. Zooming out: Low production, low demand. Snowflake’s investors might just be glad the company isn’t in the hardware business, which has been subject to the whims of the unrelenting chip shortage this year. Just look at Apple, which had to [make]( massive production cuts to its new iPhone back in October. Still, maybe a blessing in disguise: Apple [admitted]( this week that demand for its new handset this Christmas mightn’t be as strong as it thought after all. You might also like: [How to profit from cloud’s near-inevitable ascent.]( 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=Snow Day&utm_campaign=daily-global-03-12-2021&utm_source=email) Analyst Take How To Trade The Next Big Little Crypto [How To Trade The Next Big Little Crypto]( [Photo of Carl Hazeley] Carl Hazeley, Analyst What’s Going On Here? You’ve probably heard of memecoins like [Dogecoin and Shiba Inu]( by now. They may have started off as a joke, but they’re no laughing matter these days: their market caps have hit [$28 billion and $25 billion]( respectively. And now everyone wants to find the next memecoin that goes [to the moon](. But the truth is, it’s like finding a needle in a crypto haystack. So while this Insight won’t help you find the next small crypto with overnight success potential, it will give you [three strategies]( to use if you think you’re onto a winner. It’s right here: [three strategies to trade the next potential memecoin hit](. [Read or listen to the Insight here]( SPONSORED BY LEDGER Your new favorite crypto wallet There’s a whole world of crypto out there for you to explore. And you can unlock all those possibilities with [Ledger Wallet](: a secure gateway that lets you trade [over 1,800 coins and tokens]( the safe way.* You’ll be able to [buy, store, and exchange]( all your digital assets from Ledger’s [single, all-purpose wallet](, which means you have control over your investments.* And even better, you can do it all from the [Ledger Live app]( – the simplest and most secure way to [track]( and manage your coins. That means more crypto, less stress. Discover your new favorite wallet today: [visit Ledger](. [Get Started]( Heaven Scent [Heaven Scent] What’s Going On Here? News emerged this week that Hermès is [set]( to join the Euro Stoxx 50, and the luxury company could certainly get used to the sweet smell of success. What Does This Mean? Hermès – which is already listed on the French stock market – has had a dynamite year: demand for the company’s nice-to-haves has gone through the roof thanks to customers with places to go, people to see, and savings to spend. That’s in turn gone down well with investors, who have sent its share price up 90% this year. Cue the Euro Stoxx 50: the index – which is made up of the 50 biggest listed companies by value in the eurozone – is regularly updated to replace stocks whose values have fallen with those whose have risen. And since Hermès has proved its worth, it’ll finally claim a spot in the esteemed index for itself at the end of the month. Why Should I Care? The bigger picture: Luxury’s going digital. If Hermès is looking for another way to lift its share price, might we suggest it leans into NFTs. The luxury industry has been fashionably late to this particular party, but the arrival of Gucci’s first NFT could be a sign that companies are finally showing up. And given that Morgan Stanley reckons NFT sales could represent up to 7% of luxury companies’ revenue by 2030 ([tweet this](), the prospect is bound to put a [smize]( on their faces. For markets: Follow the money. The UK’s key stock index – the FTSE 100 – [reshuffled]( its stock holdings this week too, replacing cybersecurity firm [Darktrace]( and chemicals company Johnson Matthey with veterinary medicine producer Dechra Pharmaceuticals and electronics distributor Electrocomponents. Keen-eyed investors might’ve spotted an opportunity here: billions of dollars are invested in funds that passively track the FTSE, and those funds are forced to invest in any newly introduced stock. So if those investors bought into Dechra and Electrocomponents ahead of this week’s rebalancing, they might’ve earned a windfall once the passive funds adjusted to reflect the updated index. You might also like: [Why luxury firms are slowly embracing NFTs.]( 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=Heaven Scent&utm_campaign=daily-global-03-12-2021&utm_source=email) 💬 Quote of the day “Failure is not the falling down, but the staying down.” – Mary Pickford (a Canadian-American film actress and producer) [Tweet this]( 🤩 Fancy this space? Lovely little spot this, isn’t it? And it just so happens to be the perfect place for you to showcase your business to our [one million engaged investors](. If you share our goal of changing the finance world for the better, then [chat to us]( about [our daily newsletter]( placements. We can’t wait to see you here soon. [Work With Us]( 🎯 On Our Radar - SpaceX is crumbling. Well, it always was a [moonshot](. - Enter the Private Deal Room. Discover private deals you can’t find anywhere else from [pre-seed to pre-IPO companies](, and access [exclusive VC funds](. Capital at risk.* - Money doesn’t buy you happiness. [Or does it?]( - The next gen art thief. [Less]( cat burglar, [more]( sh*t poster. - Sesame Street wasn’t always so wholesome. Even Elmo went through a [rebellious]( phase. When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🎶 Non, you’ll ne regrette rien One day, maybe years from now, someone will ask you where you were when we hosted the very first [Ledger x Finimize Crypto Summit](. And you’ll be relieved to say that, on the morning of the last day of the big event, you decided to join the 15,000 other Finimizers who wanted to drink from the font of crypto wisdom. And you’ll be even more relieved if you win our prize draw: your free ticket gives you a chance to win a Ledger Nano, a year’s Finimize Premium subscription, and a bundle of Finimize swag. Don’t look back in regret: [get your free ticket here](. The Ledger x Finimize Crypto Summit line-up: 🚀 [The Tokenization Of Everything](: 3pm UK time, December 3rd 🚀 [The Countdown To Crypto ETFs](: 4.05pm UK time, December 3rd 🚀 [How Crypto’s Supercharging The Creator Economy](: 4.50pm UK time, December 3rd 🚀 [Sports, Gaming, And The Blockchain’s Full Potential](: 5.50pm UK time, December 3rd 🚀 [How To Curate Your NFT Portfolio & Outro](: 6.50pm UK time, December 3rd ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. 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