🇨🇳 China can’t stop winning

China beat expectations again | Netflix was pretty mediocre | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for April 19th in 3:13 minutes. 🔀 A dilemma is tricky enough – but with inflation, deflation, and stagflation all possibilities right now, investors are facing a full-blown trilemma. So catch Russ Mould on the latest [Finimize Podcast](, and find out which outcome he thinks is in the cards. [Listen in here]( Today's big stories - Netflix reported tepid results, leaving investors pretty lukewarm too - Here’s what a time-tested model says about where stocks are headed – [Read Now]( - China’s economy grew more than expected last quarter Blind Side [Blind Side] What’s Going On Here? Netflix couldn’t pull off a livestream of Love Is Blind, so it’s probably no surprise that its [results]( underwhelmed late on Tuesday too. What Does This Mean? After an outright drop this time last year, Netflix’s subscriber growth mishit for the second year in a row on Tuesday, adding 1.75 million users last quarter – short of analysts’ 2 million target – and nudging the total subscriber count to 233 million. And sure, with its newfound focus on profitable growth, it’s a good thing Netflix did beat profit expectations, but its less-than-stellar revenue and profit forecast for this quarter still left investors uneasy. Plus, Netflix hit pause on plans for a broad rollout of its password-sharing crackdown – in a bid to improve its current offering – delaying the anticipated revenue bump more accounts would bring. The result: an initial plunge in shares for the streaming giant. Why Should I Care? Zooming in: Sharing isn’t caring. Netflix shares eventually found their footing after that nosedive, which makes a lot of sense. Granted, putting the brakes on the password sharing crackdown isn't ideal – but in reality it just postpones the good days. See, with 100 million folks piggybacking on shared accounts, it’ll only take a fraction of them going solo to make subscriber counts and revenue bloom. Combine that with the slow-but-steady launch of ad-supported options, and Netflix's growth train isn't likely to stop anytime soon. The bigger picture: Love is blind, and viewers cannot see. Netflix is no longer the only big fish in the streaming pond, with the likes of Disney and Amazon making sizable splashes of their own these days. In fact, consulting firm Parks Associates thinks that Prime Video actually managed to snatch Netflix’s crown as the top subscription service last year. That means Netflix will need to keep cranking out hits – while steering clear of live programming blunders (ahem, Love Is Blind) – to keep subscribers from jumping ship. You might also like: [Here's how to work out if Netflix is a buy.]( Copy to share story: [/blind-side]( 🙋 [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=Blind Side&utm_campaign=daily-global-19-04-2023&utm_source=email) Analyst Take Blackstone’s Got An Old-School Model And Here’s What It Says About Buying The Dip [Blackstone’s Got An Old-School Model And Here’s What It Says About Buying The Dip]( By Russell Burns, Analyst Blackstone’s quarterly outlook often provides some interesting insights into the stock market and this time around, two things really [jumped off the page](. The first is how the investment house is using the [dividend discount model]( to weigh stock valuations. The other is what Blackstone sees as the rising importance of [finding “alpha” opportunities]( in stocks. So that’s today’s Insight: [two Blackstone takeaways that just might give you more confidence about buying future dips.]( [Read or listen to the Insight here]( SPONSORED BY HARGREAVES LANSDOWN Save your future self from feeling stressed out Nice one: you survived the panic that can come with the end of a tax year. But if you found yourself scrambling to use your account allowances before the clock struck tax o’clock, you’ll probably want to save yourself from feeling the same stress this time next year. If you're 18 to 39 and looking to invest toward your first home or later life, you could consider a [Lifetime ISA](. You can [tuck away up to £4,000]( every tax year until the age of 50. But you wouldn’t be the only one: for every £4 you save, [the government will add £1]( – granting you up to £1,000 per tax year. You can withdraw the money tax-free to purchase a qualifying first home, or after the age of 60. Other withdrawals will usually come with a 25% government withdrawal charge, so you could get back less than you put in. Tax rules can change and benefits depend on individual circumstances. [Find Out More]( When you support our sponsors, you support us. Thanks for that. China’s Growth Spurt [China’s Growth Spurt] What’s Going On Here? Fresh data out on Tuesday [showed]( China’s economy grew faster than expected last quarter. What Does This Mean? Last week’s export data [hinted]( that China’s economy was on the upswing, and now Tuesday’s figures have gone and confirmed those high hopes. In March, retail sales saw their biggest gain since June 2021, with a yearly jump of 10.6% – proving the long sought-after bounceback of the domestic economy has begun. Manufacturing investment flexed its muscles too, with a solid 7% rise during the quarter, while factory output revved up as the world’s factory got back in action. And sure, the recovery’s uneven – with private investment and property market segments still lacking – but the overall result was impressive: China’s economy grew 4.5%, outstripping the 4% economists predicted and hitting its fastest pace in a year. Why Should I Care? The bigger picture: Strength in numbers. China's got some way to go to meet its 5% annual growth target, but economists think things will pick up even more as consumer and business confidence continue to rise. Plus, the all-important property market is showing signs of life, with new home prices in March swelling at their fastest pace in 21 months. Toss in the prospect of additional government stimulus too, and Goldman Sachs sees 6% growth in the cards for China this year. For markets: The weight of the world. If China bounces back like Goldman predicts, it could be a lifeline for global growth, especially with developed economies faltering. And that would be party time for commodities too: when the economy’s booming, the appetite for transportation and energy shoots up, giving oil and gas a boost. And more construction and infrastructure projects mean steel and copper get their time in the spotlight as well – which might explain why regional commodities markets got all fired up when the news broke. You might also like: [Five spicy stocks for China’s reopening.]( Copy to share story: [/chinas-growth-spurt]( 🙋 [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=China’s Growth Spurt&utm_campaign=daily-global-19-04-2023&utm_source=email) 💬 Quote of the day "If you can't say anything good about someone, sit right here by me." – Alice Roosevelt Longworth (an American writer and socialite) [Tweet this]( Meet your future community Let's face it, even the best brands need a little push to [reach the right audience](. Our [one-million-strong community of modern investors]( is clever, clued-in, and keen to learn. In short, they’re exactly the type of folk you want to reach. So whether you're an established brand, scaleup, or startup, [our promotional campaigns]( can help you reach the right audience at the right time. Your tailored campaign will make the most of all the Finimize channels, including live event and Summit showcases, social media blasts, and curated newsletter placements – [yup, right here](. Introduce yourself to your future community with Finimize. [Get In Touch]( 🌍 Finimize Live 🥳 Coming Up Soon... All events in UK time. 🙋‍♀️ [Women And Investing: Powering Up Your Pension](: 5pm, April 25th 🚀 [Meet The Founder: Selina IPO](: 5pm, May 3rd 💥 [Investing 101: The DIY Investor](: 1pm, May 4th 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th 🎯 On Our Radar 1. A slit in time. This physics experiment used lasers to [“cut” time](. 2. Alternative investments could be worth $23 trillion by 2026. This online event can help you [separate the up-and-comers from the has-beens](.* 3. Private palace. Here’s who might buy [Britain’s most expensive house](. 4. The iceberg cowboys. Meet the guys who source the [world’s purest water](. 5. Big Apple, bigger costs. Manhattan rents have hit [an all-time high](. When you support our sponsors, you support us. Thanks for that. ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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