📺 You might have Netflix all wrong

ASML could finally be feeling the chip market downturn | Inflation just won't leave Brits alone | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for April 20th in 3:15 minutes. 💰 Women in the UK end up with pension pots £136,800 smaller than men's on average. So join Hargreaves Lansdown's Maike Currie for [Women And Investing: Powering Up Your Pension]( on April 25th, and find out how you could level the playing fields. [Get your free ticket here]( Today's big stories - Chip equipment maker ASML's results hinted at cracks in its armor - A look at this entertainment company could help you decide whether or not to invest in Netflix – [Read Now]( - Fresh data showed that UK inflation seems unlikely to budge Crisis Management [Crisis Management] What’s going on here? Chipmaking equipment maker ASML [might]( finally be affected by the industry’s downturn, and it can only rely on its emergency backup for so long. What does this mean? ASML sells the machines that companies use to make advanced chips, but it’s been able to shrug off a slumping chip industry and lethargic demand for electronics for months. But no longer: the firm’s order intake halved last quarter from the same time last year, hitting its lowest level since 2020. Still, the Dutch firm had a big enough backlog to cushion the blow. So with chipmakers installing its hardware faster than you could polish off a plate of chips and dip last quarter, ASML managed to double its revenue and almost triple its profit. But if investors were impressed, they hid it well: they ignored the company’s better-than-expected outlook for this quarter to send shares down 5%, spooked by the dropoff in ASML’s orders. Why should I care? The bigger picture: When the stars align. ASML might’ve worked through some of that order backlog, but there’s still a chunky $40 billion left over. And there might be more opportunity ahead: governments around the world are racing to build more chip plants on home ground to avoid déjà vu of pandemic-induced supply hiccups. The US alone, for example, has received over 200 applications for its $40 billion chip production program. So there’s that, and there’s the anticipation of more demand from recently reopened China to boot. For markets: Empty your cups. Investors might have been a bit too cup half-full about the sluggish chip industry. An index tracking some of the biggest chip stocks has bloated 20% this year, double the S&P 500. Plus, its price-to-earnings ratio is verging on the peak levels of two years ago, when chipmakers couldn’t keep up with fired-up demand. But with the likes of TSMC disappointing for the second-straight quarter, analysts will no doubt be getting cold feet. You might also like: [Here's what’s driving semiconductor stocks now](. Copy to share story: [/crisis-management]( 🙋 [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=Crisis Management&utm_campaign=daily-global-20-04-2023&utm_source=email) Analyst Take You Might Be Thinking About Netflix All Wrong [You Might Be Thinking About Netflix All Wrong]( By Paul, Analyst Whatever your leanings on Netflix, this week’s results confirmed one thing: its transition from an impossible-to-turn-down, one-price-subscription growth machine to a multi-tiered, multi-revenue-source media company [will take some time](. The best thing to do, then, is think about [the end game]( – or at least, what the firm will look like in, say, ten years. And when I ponder [what Netflix might look]( like in a decade, I can’t help but take a trip down memory lane. That’s today’s Insight: [if you’re thinking about investing in Netflix, take a look back at when ESPN was in its prime.]( [Read or listen to the Insight here]( SPONSORED BY SWEATER The investing scene might have a new hottest accessory It’s not a silk shirt, Gucci loafers, or a super-smart watch… it could just be a humble Sweater. But this one’s a bit special: see, you can [invest in some of the world’s most exciting startups]( – an opportunity often ringfenced for the uber-wealthy – with [Sweater’s venture capital fund](. The fund could give you the chance to pick up potentially [industry-shaking startups at much lower prices](, meaning you can invest like the best of ‘em without bankrupting yourself. And since [Sweater’s expert venture capital team]( manages the fund, you can sit back and relax. But if you do fancy checking in, you can access your account straight from your smartphone. So if you’re ready for a style change, you can [check out Sweater’s fund](. [Find Out More]( Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and can be obtained by calling 1-888-577-7987 or by visiting the Fund's website at . Please read the prospectus carefully before investing. All investments involve risks, and past performance is no guarantee of future results. When you support our sponsors, you support us. Thanks for that. Lock And No Key [Lock And No Key] What’s going on here? Data out on Wednesday [showed]( the UK’s far from being set free from its troubled relationship with inflation. What does this mean? The good news: the Bank of England (BoE) previously signaled it might pause economy-curbing interest rate hikes if inflation calms down. The bad news: those pressures show no signs of letting up. Instead, the price of goods and services in the UK rose 10.1% last month from the same time last year – a slight dip from February’s 10.4%, true, but higher than the 9.8% economists expected. That has a lot to do with food and non-alcoholic drinks marking their sharpest price rises in 45 years, canceling out lower prices at the pump. So sure, the BoE might be full of good intentions, but now’s probably not the time to match bark with bite. Why should I care? For markets: Check the cheques. There’s another reason for the BoE to be cautious. Data out earlier this week [showed]( UK wages rose way more than expected in the three months through to February. And since wages are a key driver of inflation, that – and Wednesday’s data – might be why traders are now pricing in two more 0.25 percentage point hikes in May and June, and bracing for peak interest rates of over 5%. Plus, with high prices already pushing more folks back into work, it seems there’s no relief in sight for British households. The bigger picture: Bad luck, Brits. US and European inflation have taken a breather lately, but the UK’s painful prices aren’t pausing for a second. That’s at least partly down to the “B” word: a think tank study [shows]( there are nearly half a million fewer workers in the UK than before Brexit, in turn forcing companies to up their wages to reel in staff – not to mention the longer delivery times and inflation-driving higher import costs that came with so-called independence. You might also like: [Morgan Stanley says the UK could deliver a huge surprise in 2023.]( Copy to share story: [/lock-and-no-key]( 🙋 [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=Lock And No Key&utm_campaign=daily-global-20-04-2023&utm_source=email) 💬 Quote of the day "There is always room at the top." – Daniel Webster (an American lawyer and statesman) [Tweet this]( SPONSORED BY BESTINVEST It might be time to ditch the desperate measures They say desperate times call for desperate measures, but that’s not always true. After all, frantic choices can be more emotional than [logical](. You know, like storing your savings under a bed, stocking up on tinned goods, or trusting a psychic hamster to predict the next dip. So instead, you might want to check out some not-so-desperate measures, like [speaking to a qualified Bestinvest coach]( about your financial goals and [plans to achieve them](. You can do that [for free, and as often as you like](. (That dial-a-hamster service must’ve been pricier than that.) Find out more about [Bestinvest’s free coaching](. With investing, your capital may be at risk. Tax rules depend on individual circumstances and may change. ISA rules may also change. This is not advice to invest. Bestinvest is a trading name of Evelyn Partners Investment Management Services Limited, which is authorised and regulated by the Financial Conduct Authority. [Check Out Bestinvest]( When you support our sponsors, you support us. Thanks for that. 🌍 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. Eye spy. Young men are getting serious surgery for the [windows to their souls](. 2. Metro didn't make this beat. An AI-generated Drake song has gone viral, but [there's a conspiracy behind the hit](. 3. Hackathon, schmackathon. [Ramen hacks]( are going too far. 4. Grab your popcorn and your comfort blanket. These [80's horror films]( are ones to watch. 5. We're all the same, really. Turns out [childfree adults and parents]( might be more alike than they think. ❤️ 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? [Get in touch]( Image Credits: Image credits: Shutterstock – Tum Love Love | Midjourney Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | 280 Bishopsgate, London, EC2M 4AG 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](