🏆 One portfolio for every scenario

Sony stalled | Surprise, surprise: oil companies made a lot of money | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for August 1st in 3:15 minutes. 🤞 The first half of this year hasn’t been great, so things can only go up from here… right? Join Tradestation’s David Russell for [The Next Six Months For Stocks And Crypto]( on Wednesday, and find out what you can expect from the rest of the year. [Grab your free ticket]( Today's big stories - Sony cut its profit outlook because its games business was buffering… buffering… - The next few years could throw various economic scenarios at you, but you can build one portfolio that’ll see you through it all – [Read Now]( - US oil giants Chevron and Exxon Mobil posted record quarterly profits Glitch, Please [Glitch, Please] What’s Going On Here? Japanese entertainment giant Sony [cut]( its full-year profit outlook on Friday. What Does This Mean? First, the good news: Sony’s operating profit grew by a better-than-expected 10% last quarter from the same time last year. That was partly thanks to strong results from its movie and music segments, and partly down to a weak yen that meant international profits were worth more when converted back. But Sony’s gaming business was a shambles: the company sold 26% fewer games, and barely sold any more PS5s because it’s [still]( not producing enough of them. No surprises, then, that the segment’s profit was down 37% from the same time last year. Sony slashed its annual profit outlook for the segment by 16% too, potentially because it doesn’t have enough high-profile titles in the works or that – ew – gamers are spending more time outdoors. And since its gaming segment makes up around a quarter of its overall business, the company slashed its overall profit outlook by 4% too. Why Should I Care? Zooming in: Optimism only goes so far. Sony isn’t giving up on its target of selling 18 million PS5s this financial year, promising to bring shipments forward so there’s plenty to go around by Christmas. But it’s setting its sights lower elsewhere in its business: it cut its revenue forecast for its camera image sensors, as the war and Covid continue to impact shipping, production, and costs. Sony’s not the only one: South Korean giant Samsung Electronics warned late last week that it was adjusting its forecasts almost daily because of all the uncertainty. Zooming out: An investment in the future. Some of Sony’s production struggles can be put down to the chip shortage, which is something the US has been dealing with too. That’s why the US government finally [passed]( a long-awaited bill late last week that should boost its chipmaking industry, with around $52 billion in subsidies for production and $200 billion to boost research over the next decade. You might also like: [Should you revisit Japanese stocks?]( 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=Glitch, Please&utm_campaign=daily-global-01-08-2022&utm_source=email) Analyst Take How To Build The Dream Portfolio For Every Nightmare Scenario [How To Build The Dream Portfolio For Every Nightmare Scenario]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst If there’s one thing that will have the single biggest impact on your performance in the next few years, it’s asset allocation. Because with so many of the trends that have supported stocks at risk of reversal, only [a truly balanced portfolio]( will help you deal with whatever the next few years might throw at you. [Nightmare scenarios]( including – but by no means limited to – strong growth with high inflation, weak growth with low inflation, or a deep but prolonged recession. Well, if that’s the case, you want [one portfolio so well-diversified that it’ll hold up no matter what](. So that’s today’s Insight: [how to build one portfolio to rule them all](. [Read or listen to the Insight here]( SPONSORED BY BITCOIN.COM Your portal to the cryptoverse [Bitcoin.com]( is a go-to spot for crypto beginners who want to buy, sell, or learn about crypto. So it only seems right that Bitcoin.com – which is trusted with over [30 million digital wallets]( – is launching its own native utility token: [Verse](. [Utility tokens]( were among the most traded cryptocurrencies over the last year, and this one’s already off to a strong start: Bitcoin.com just finished a [$33.6 million private sale]( of Verse. Verse is set to help power the [Bitcoin.com ecosystem]( that’s used by millions around the globe, and you can find out more about what this demand means for Verse in its [whitepaper](. You’re best getting pre-approved before limited Verse tokens go on sale, so [get whitelisted today](. [Discover Verse]( The Verse token sale is not available in the U.S. and other [restricted jurisdictions](. Power Trip [Power Trip] What’s Going On Here? US oil giants Chevron and Exxon Mobil both [posted]( record quarterly profits on Friday. What Does This Mean? The average price of one of Chevron’s barrels of oil was up 65% last quarter from the same time last year, while its natural gas was up nearly 200%. That helped the firm bring in a quarterly profit of nearly $12 billion – around 50% more than its previous quarterly record. Exxon didn’t do too shabbily either, with the rival oil giant’s profit coming in at record $17.9 billion – around four times more than it managed this time last year. If you’re thinking those are big ol’ profits at a time when so many people are being crippled by their energy bills, you’re not alone: the US has previously called on companies to raise output to bring prices down, and this will only reinforce their concerns. And sure, Chevron and Exxon have both said they’re boosting supply, but the numbers don’t lie: they’re investing less in production than they are on [share buybacks]( and [dividends](. Why Should I Care? The bigger picture: What goes up… This comes hot on the heels of Shell and TotalEnergies’ updates last week, in which they broke records and tripled profits respectively. That means the four oil giants – plus BP, which reports next week – are on track to have made well over $50 billion in profit last quarter. But with the prospect of a recession looming, analysts think it could be downhill from here. That’s certainly plausible: the oil price fell 20% from its 14-year high last quarter. For markets: Energy is your king. That potential for recession has weighed down the energy sector’s stocks, with a key index tracking some of its biggest US companies down around 20% since June. But so dominant has the sector been that it’s still by far the best-performing of the year: it’s up 35% since the start of January, while the second-best performer – utilities – has risen a measly 2%. You might also like: [Investing in the oil and gas industry in good times and bad.]( 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=Power Trip&utm_campaign=daily-global-01-08-2022&utm_source=email) 💬 Quote of the day “Don’t worry about the world coming to an end today. It is already tomorrow in Australia.” – Charles M. Schulz (an American cartoonist) [Tweet this]( SPONSORED BY HEDGEHOG Easy access to real-world investments Getting exposure to commercial real estate is notoriously complicated for individual investors. You’re up against barriers like capital requirements and negotiating with demanding tenants, so you likely haven’t been able to benefit from commercial real estate’s diversification opportunities. [Hedgehog’s]( breaking down those barriers, so now eligible investors can gain access to investment opportunities like industrial real estate and renewable energy infrastructure, all from a mobile. You won’t need to sell your soul to afford them, either: you can scan Hedgehog’s exclusive portfolio of [real-asset investments]( and [get started from just $5,000](. Now sounds like a good time to get started: [Hedgehog’s waiving all transaction fees for its next 1,000 investors](. [Take A Look]( Capital at risk. The value of your investments may go down as well as up, so you could get less than you originally invested. Investments are not protected by the UK Financial Services Compensation Scheme (FSCS) This information is being distributed in the UK and US by Hedgehog Invest Limited, a limited company registered in England and Wales (company number 13336465) whose registered office is at 167-169 Great Portland Street, 5th Floor Great Portland Street, London W1W 5PF, United Kingdom (“Hedgehog UK”). Hedgehog UK is an appointed representative (firm reference number 961050) of MJ Hudson Advisers Limited, which is authorised and regulated in the UK by the Financial Conduct Authority (firm reference number 692447). In Switzerland, this information is being distributed by Hedgehog Manager LLC, a Delaware registered company. Only qualified investors in the UK, US and Switzerland are eligible. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🎉 Coming Up In The Week… All events in UK time. ♻️ [Building A Crypto ESG Framework](: 6pm, August 2nd 🚀 [The Next Six Months For Stocks And Crypto](: 5pm, August 3rd 🎉 [What’s Next For NFTs: Innovations, Utility, And Trends](: 5pm, August 4th 🥳 And After That… 📈 [A Case For DAO Treasury Diversification](: 6pm, August 9th 💰 [The Secret To Making Money During High Inflation](: 1pm, August 16th 🤑 [How To Protect Your Crypto Portfolio During A Recession](: 5pm, August 15th 💻 [How To Spot The Best Tech Stocks](: 6pm, August 16th 🤯[Inflation Strategies For Savvy Investors](%20inflation%20strategies%20for%20savvy%20investors-2m895c:%2012pm%20UK%20time,%20August%2018th/): 12pm, August 18th 🏈 [Crypto And The Sports Community](: 5pm, August 23rd 👑 [How To Invest In Gold On The Blockchain](: 5pm, August 25th 😎 [How To Spot The Next Ethereum Killer](: 1pm, August 30th 🎉 [How To Build Wealth In Your 20s](: 5pm, September 1st 🎯 On Our Radar - This 30-year-old wanted to go back to school. Lying about being a teenager [did the trick](. - What actually is the viral pink sauce? And why does it carry so many [terms and conditions](? - Here we go again. Monkeypox is now a [global public health emergency](. - Snapchat isn’t relying on you sending photos anymore. Just make sure you play its [new ghoulish game instead](. - A six hour documentary? [This one’s]( worth the time investment. ❤️ 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. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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