📈 Microsoft's flying

Microsoft hit the clouds after OpenAI's announcement | BlackRock made a major bet about the future | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for November 9th in 3:07 minutes.   👯‍♀️ We couldn’t do our summit without you. So don't make us: register for a free global virtual ticket for the [Modern Investor Summit](, and you could win a pair of flights to join us at the London event. [Register by November 20th for a chance to win]( Today's big stories - Microsoft’s stock price broke new records after OpenAI took to the stage - This new battery tech could juice the EV market and its stocks – [Read Now]( - BlackRock announced plans to invest $550 million in Occidental's ambitious carbon-capture project Centers Of Attention [Centers Of Attention] What’s going on here? OpenAI made sure that artificial intelligence was still on the main stage, and Microsoft’s [stock]( shot to stardom straight after. What does this mean? ChatGPT’s creator OpenAI took to the stage earlier this week, reminding everyone – especially small, competing AI startups – that it’s the one leading the path to a dystopian future. Microsoft popped its head in too, making sure investors remember that as the owner of 49% of OpenAI, the tech titan is a direct beneficiary of all and any success. The point landed: Microsoft’s stock hit a new altitude after the developer event. Why should I care? Zooming out: Win-wins. Not all of Microsoft’s success is down to that sweet talking, though. Investors are now pretty confident that the Federal Reserve is staying away from the rate-hiking pedal, which would release some of the pressure that’s weighing down stock prices. Remember, investors value stocks based on their future prospects, and higher rates reduce what a company’s future cash flows are worth today. Thing is, Microsoft likely has the heft it needs to stay stable even if rates end up ticking up or the economy tanks. And even if the stock slips, investors would simply see that as a chance to buy the goliath on the cheap. For markets: Good things (might) come in threes. AI investors can’t relax yet. Nvidia – high-tech chipmaker to the super-smart stars – reports its latest set of quarterly results on November 21st, and the stats will offer breadcrumbs about how the AI trend as a whole is doing. Nvidia’s predicted revenue of $16 billion, and more importantly, Wall Street wizards have pinned hopes for this quarter’s takings near the $18 billion mark. But because China’s lagging economy may drag down sales of the company’s chips, Nvidia’s own forecasts will be the ones to watch. You might also like: [Watch an analyst value Microsoft’s shares in five simple steps](. 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=Centers Of Attention&utm_campaign=daily-global-09-11-2023&utm_source=email) Analyst Take This New Battery Could Be The Next Big Thing For EVs, And Your Portfolio [This New Battery Could Be The Next Big Thing For EVs, And Your Portfolio]( [Photo of Reda Farran, CFA] Reda Farran, CFA, Analyst Practically every automaker out there is [betting that EVs]( are going to chauffeur us all into the future. And that sure looks likely with wide swaths of the world moving to ban the sale of fossil-fuel-powered cars and trucks. But to really seal the deal on this [global green transition](, we’re going to need better battery technology. Fortunately, [solid-state batteries]( could be it: the alternative solution has been revving its engine for years. And after a few [recent breakthroughs](, it might be time to consider investing in it. That’s today’s Insight: [the new battery technology that could juice the industry and your portfolio](. [Read or listen to the Insight here]( SPONSORED BY IG Three cheap stocks that could do well right now Between inflation and geopolitical uncertainty, markets haven’t exactly had an easy time this year. But every cloud has a silver lining, and [IG’s]( taken the time to figure out what’s going right at the moment. The firm’s pinpointed [three cheap stocks]( in three different sectors that could rise in current market conditions: [one in food, one in security, and one in tech](. As for exactly what those stocks are, you’ll have to [read IG’s latest report]( to find out. You’ll find the firm’s reasons for choosing those stocks in the report too – so you can make your own educated decision. See what IG’s eyeing up: [get the report today](. DisclaimerYour capital is at risk. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Into The Stratosphere [Into The Stratosphere] What’s going on here? BlackRock announced plans to invest $550 million in Occidental Petroleum's controversial carbon-capture project. What does this mean? Occidental’s ambitious Stratos project is one for the science buffs, aiming to become the world’s go-to facility for “direct air capture” (DAC). That’s a revolutionary technology that extracts carbon dioxide from the atmosphere, before using it to make building materials, agricultural products, and fuel. Stratos should start operating commercially in 2025, and has already attracted buy-ins from heavyweights Amazon and Airbus. And with goals to neutralize the carbon equivalent of one million barrels of oil a year, the project could play a part in the International Energy Agency’s net-zero plans. But here’s the catch: environmentalists have criticized the project’s plans to pump captured carbon dioxide into old oil reservoirs to make more dirty crude oil. BlackRock’s already sold, though, because the firm’s $550 million investment makes up 40% of the project’s total cost, and is one of the biggest financial commitments to DAC technology so far. Why should I care? For markets: Mining for silver linings. There’s turning lemons into lemonade, and then there’s turning climate threats into money-making opportunities. BlackRock’s clearly out to squeeze some lemons, with the firm’s CEO saying the future’s “multibillion-dollar success stories” will be energy companies that invest in tech like DAC. And it’s not the only believer: Occidental was the S&P 500’s top performer last year, and counts Warren Buffett as its biggest shareholder. The bigger picture: The gang’s all here. Carbon capture technology is still in its infancy, with few major success stories and plenty of project failures in its history. But BlackRock’s support is a nod to the tech’s mounting credibility. The US government’s on board too, granting carbon capture companies major tax breaks and over $1 billion in investments. No wonder fashion retailer H&M, JPMorgan Chase, UBS, and SwissRe have started spending in the space as well. You might also like: [How to save the world and make a buck](. 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=Into The Stratosphere&utm_campaign=daily-global-09-11-2023&utm_source=email) 💼 Introducing Finimize For Business We're helping financial firms publish [first-class content]( that keeps investors engaged, active, and up to speed. After all, we don’t hoard our treasures: we prefer to [share them](. [Book A Demo]( 💬 Quote of the day "A leader is one who knows the way, goes the way, and shows the way." – John C. Maxwell (an American author) [Tweet this]( SPONSORED BY RUFFER Just because it rains doesn’t mean it has to pour You’re probably familiar with different investment approaches for different environments. Bull markets vs bear markets, high inflation vs low inflation… you get the drift. [Ruffer]( was founded in 1994 and its investment approach has been [all-weather](. And we’re talking rain or shine: Ruffer’s been through three major market corrections and learned a lot on the way. Now, its chairman’s sitting down to share those things in an [exclusive interview](. [Jonathan Ruffer]( talks making mistakes, character traits that shape investment styles, and the [opportunities investors face today]( – as well as how they’re reflected in Ruffer’s portfolio. [Listen to the interview](. It might just help you navigate your portfolio through boom and bust. [Listen Now]( DisclaimerThe views expressed in this article are not intended as an offer or solicitation for the purchase or sale of any investment or financial instrument, including interests in any of Ruffer’s funds. This financial promotion is issued by Ruffer LLP which is authorised and regulated by the Financial Conduct Authority in the UK and is registered as an investment adviser with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. © Ruffer LLP 2023. Registered in England with partnership No OC305288. 80 Victoria Street, London SW1E 5JL. For US institutional investors: securities offered through Ruffer LLC, Member FINRA. Ruffer LLC is doing business as Ruffer North America LLC in New York. [Read the full disclaimer](. When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. T-Rex versus a speck of dust. Dinosaurs may have been[wiped out by something tiny](. 2. Crypto can be the Wild West of the finance world. Here's how to [spot the next big (legit) crypto project](.* 3. Bitcoin’s latest twist. [Finding the USB]( was just the start. 4. AI isn't new. Here's [what investors need to know]( about its evolution – and its future.** 5. Not your bacon. [Pigfluencers]( could change the way we eat. Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.** When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up Soon... 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th (UK time) [Register by midnight on November 20th for a chance to win free flights to the in-person London summit event]( ❤️ 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. 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