😇 Elon saves the internet

Saint Elon has a nice ring to it | TSMC blurs the work-life balance | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for April 15th in 3:12 minutes. 🐰 We’re headed off on Easter break and normal service will resume on April 20th, but keep your eyes peeled for something special in your inbox on Monday and Tuesday. Today's big stories - Elon Musk offered to buy Twitter - Our analyst has laid out how you can profit from the three biggest themes of this earnings season – [Read Now]( - Chipmaker TSMC notched record quarterly results Man Of The Hour [Man Of The Hour] What’s Going On Here? Elon Musk [offered]( to buy Twitter on Thursday for $43 billion, as he dreams of a utopian internet where everyone can talk freely and openly – about him. What Does This Mean? Elon [revealed]( two weeks ago that he’d bought a 9% stake in Twitter, which the company shortly followed with an offer of a spot on its board. But when he turned it down, analysts were quick to point out that the move would’ve limited him to a 15% stake, suggesting that he might want to launch a full-scale takeover. They were right: the world’s richest person – reportedly worth around $260 billion – offered to buy Twitter for $54.20 a share on Thursday ([tweet this](). That values the company at around $43 billion – 54% more than it was worth before Elon started investing. As for his intentions, he says Twitter needs to be taken private in order to make it a “platform for free speech around the globe.” God's work, Elon: the world's worst people have been too muzzled for too long. Why Should I Care? For markets: Twitter’s backed into a corner. Twitter’s shares jumped 12% on the news, but there’s a catch: Elon has said he lacks confidence in current management, and would reconsider his position as a shareholder if his offer wasn’t accepted. Let’s say we take him at his word (a [big if](): the sale of his stake would probably send Twitter’s shares plunging toward the low-30s they sat at before this whole saga. That leaves Twitter with a decision to make: accept the offer, or accept its shareholders’ wrath. Zooming out: Morgan Stanley could do with the work. Musk hired Morgan Stanley to advise him on the deal, and it might be glad of the business: the firm [reported]( on Thursday that its investment banking business – the segment that advises on deals and [initial public offerings]( – saw its revenue fall 37% last quarter versus the same time last year, and its total profit fall by 8%. You might also like: [How to protect your investments in a dealmaking slump.]( 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=Man Of The Hour&utm_campaign=daily-global-15-04-2022&utm_source=email) Analyst Take The Three Themes That Will Dominate This Earnings Season [The Three Themes That Will Dominate This Earnings Season]( [Photo of Carl Hazeley] Carl Hazeley, Analyst This [earnings season]( is going to be grimmer than the ones we’ve become accustomed to. Companies in the key US stock market index are expected to have grown profits by [an average of 5%]( on the same time last year – down from 27% last quarter, and 48% a year ago. But by identifying the [three big themes]( that are likely to dominate this season, you can still find a few diamonds in the rough. Diamonds like [consumer discretionaries](: the US consumer discretionary index is down more than 12% this year, even though analysts have only cut their annual profit forecasts by 2% on average. That suggests betting on a more resilient consumer – rather than one who’s going to wilt in the face of a recession – could be a profitable play. So that’s today’s Insight: the three biggest themes of this earnings season, and [the exchange-traded funds you can use to profit from them](. [Read or listen to the Insight here]( SPONSORED BY WEALTHIFY How would you spend £20,000? Ah, the classic dinner party question: “What would you do if you won £20,000?” Well, if you invest with [Wealthify]( before June 1st, you might not have to imagine for much longer – you could be in with a chance to [win £20,000 in cash](. Wealthify is an easy-to-use platform that curates and manages a diversified [investment plan]( on your behalf. Just tell [Wealthify]( your preferences and its expert team will take care of the rest. You can [get started with just £1](, and you can add to, withdraw from, or check in on your investments anytime with [the Wealthify app](. [Sign up today for your chance to win](. [Sign Up Now]( All customers are subject to a suitability assessment at onboarding. With investing your capital is at risk and you could get back less than invested. Factory, Sweet Factory [Factory, Sweet Factory] What’s Going On Here? TSMC [reported]( record results on Thursday, and the world’s biggest contract chipmaker only had to force its employees to live at work to make it happen. What Does This Mean? There’s an adage that you’re never more than six feet away from a rat, but TSMC’s chips are probably even closer: so high was demand for smartphones, TVs, and other gadgets last quarter that you’d find them everywhere. And the chipmaker made the most of that demand, albeit with some suspect compromises: it kept production running at its Chinese factories by having workers [sleep]( on site, even as other companies – or as TSMC calls them, slackers – shut down in response to Covid-related restrictions. It was able to hike prices by as much as 20% too, in the company’s biggest-ever single increase. Put them together, and TSMC’s revenue and profit jumped 36% and 45% from the same time last year. Why Should I Care? Zooming in: How does TSMC like them apples? The time between an order of chips and delivery [hit]( almost 27 weeks across the industry last month, but TSMC wants to bring that down: it announced plans to spend up to $44 billion on upgrading existing facilities and building new ones in the US, Japan, and more this year. The chipmaker’s getting a taste of its own medicine on that front, mind you: it could be forced to [wait]( at least 18 months for essential chipmaking equipment. The bigger picture: Too much of a good thing. Chip sales have been [climbing]( 20% a month or more for almost a year now, but there’s no guarantee it’ll continue. For one thing, the synchronized decision of every chipmaker to [build up]( stockpiles and boost manufacturing could lead to oversupply, while an increasingly likely economic slowdown could damage demand. That might be why an index tracking some of the world’s biggest chipmakers has underperformed the US stock market by 14% this year. You might also like: [How to value TSMC’s stock in two hours flat.]( 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=Factory, Sweet Factory&utm_campaign=daily-global-15-04-2022&utm_source=email) 💬 Quote of the day “No need to hurry. No need to sparkle. No need to be anybody but oneself.” – Virginia Woolf (an English writer) [Tweet this]( SPONSORED BY MONEYFARM Investing on a budget? No matter how much you want to spend, [Moneyfarm]( has some tips to get you started… 1. Little and often. Simply work out what you can afford to put aside each month, and [Moneyfarm’s expert team]( will curate and manage the right portfolio for you. 2. Start compounding. Put your money to work with a [Moneyfarm investment account](: you’ll rack up compound interest, meaning you’ll essentially be making interest on your interest. 3. Get expert help. Wealth managers don’t just work for the super wealthy: you can call up [Moneyfarm’s]( investment consultants every time you want to talk through a big decision. [Find out how to invest on a budget with Moneyfarm.]( [Check Out Moneyfarm]( With investing, your capital is at risk. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming up this week… (All events given in UK time) 💰 [Understanding Use Cases To Generate Crypto Wealth](: 6pm April 20th 🤯 And after that… 👷‍♀️ [How To Protect Your Portfolio](: 1pm April 21st 📈 [How To Identify High-Growth Metaverse Stocks](: 6pm April 21st 🌍 [2022 Macro And Fixed Income Opportunities](: 1pm April 22nd 🎙 [Live Crypto Community Q&A](: 5pm April 22nd 💸 [Top Crypto Investing Strategies](: 5pm April 25th 🪐 [An Impact Investor’s Guide to Web3](: 6pm April 28th 🎙 [Live Crypto Community Q&A](: 5pm April 29th 🌍 [2022 Macro And Fixed Income Opportunities](: 1pm April 22nd 🎙[Live Crypto Community Q&A](: 5pm April 22nd 💸 [How To Create A Winning Crypto strategy](: 5pm April 25th 💪 [How To Invest In Profitable NFT Drops](: 6pm April 27th 🪐 [Impact Investor’s Guide to Web3](: 6pm April 28th 🎙 [Live Crypto Community Q&A](: 5pm April 29th 🎯 On Our Radar - American Psycho meets Hell’s Kitchen. Nothing says romance like [80s horror](. - Talk about hard time. It ain’t easy finding a job after [a prison sentence](. - Art is boring now. We’ve become [slaves to spoilers](. - Perfectionism is overrated. Here’s how to cope when you [get things wrong](. - Fashion goes digital. Your next pair of shoes might only exist in [the metaverse](. ❤️ 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. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Royal Society, 'NORAD and USNORTHCOM Public Affairs, and Steve Jurvetson | HAKINMHAN and Alexander Gustav - Shutterstock 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](