🏀 When investing meets sport

Ferrari cruised into record-breaking territory | The US jobs market stayed shockingly strong | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for February 3rd in 3:08 minutes.   🔮 Artificial intelligence is making cryptocurrencies look practically traditional. So join us for [The Inevitable Future of Cryptocurrency]( on February 20th, and find out what's next for the digital dollars. [Grab your free ticket]( Today's big stories - Ferrari unrolled record-breaking profit in characteristically affluent style - Your favorite sports team just might score some points for your portfolio – [Read Now]( - The US job market stayed strong… maybe too strong No Contest [No Contest] What’s going on here? Ferrari’s financial results and stock both [broke]( records, as the luxury carmaker’s – ahem – formula won again. What does this mean? Ferrari’s business model should be on the classroom blackboard every time an economics professor mentions supply and demand. While most carmakers jostle for peak sales by making their prices as competitive as possible, Ferrari churns out a handful of finely crafted four-wheelers and charges a ton for them. Case in point: just over 13,000 status-symbol-granters rolled out of the luxury carmaker’s factories last year. And with the limited run of 599 new Daytona SP3 models hitting showrooms at over $2 million each, the average Ferrari – if there is such a thing – cost more than the year before. Those ever-increasing price tags meant the carmaker made 17% more in sales and 34% more profit. Vroom vroom, indeed. Why should I care? For markets: The sound of the future. Petrolheads can recognize a Ferrari with their eyes shut: the signature sound of het-up horsepower is a siren call for billionaires with a penchant for country drives. Now, the uber-wealthy are infamous for casting Mother Nature aside for private jets and engine revs loud enough to scare small children. And that could threaten Ferrari’s position in the transition toward electric vehicles – or it would’ve, if the carmaker hadn't added artificial engine sounds to hybrid cars. They’re easily pleased, the rich and famous: those noisy hybrids made up 44% of Ferrari’s deliveries last year. The bigger picture: The business of brand. Ferrari’s found a place to build its brand awareness that’s as lucrative as it is fast: the racetrack. The company’s Formula One team – which will soon be home to racing icon Lewis Hamilton – is said to be the most [valuable]( squad of all, bringing in a stream of sponsorship and prize money that makes Ferrari’s balance sheets blend in better with those of designer fashion houses than the likes of Ford and General Motors. You might also like: [Europe avoided a recession by the skin of its teeth](. 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=No Contest&utm_campaign=daily-global-03-02-2024&utm_source=email) Analyst Take How To Invest In Sports [How To Invest In Sports]( By Theodora Lee Joseph, CFA, Analyst It’s often [good advice]( to invest in what you’re passionate about. So if you can’t stop talking about [Lewis Hamilton’s move]( from Mercedes to Ferrari, or the point spread for this year’s [Super Bowl](, sports investing just might be for you. Sport is big business, after all. But if you’re looking for [a way to profit]( from it, you’re going to need a game plan. That’s today’s Insight: [how to invest in sports](. [Read or listen to the Insight here]( SPONSORED BY PERCENT The 60/40 portfolio is last year’s news Research shows that [alternative investments]( could outdo the S&P 500 over the next five years. What’s more, many predict that [40/30/30]( portfolios – 40% stocks, 30% bonds, and 30% alternatives – will deliver better returns than 60/40 ones, while being more resilient against volatility. One alternative investment, [private credit](, is a favorite among big institutional investors, mainly because it’s associated with [bigger payouts, regular income, and short-term deal contracts](. Now, thanks to [Percent](, accredited investors can [access exclusive private credit deals]( from just $500. That means yields up to 20% APY on adjustable, short-term deals that span the globe. So you can tap into small business loans, trade finance, consumer loans, and more across the US, Canada, and Latin America. Oh, and you’ll [get up to $500 with your first investment, too](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Work-To-Rule [Work-To-Rule] What’s going on here? US [employment data]( showed that the job market stayed firm in January, a release that will dominate the Federal Reserve’s (the Fed) decision-making. What does this mean? Believe it or not, many economics enthusiasts compromise precious hours of their Friday and Saturday to run through nonfarm payroll figures – and if you’re reading this, you're included. In fairness, though, this one was worth missing the first pint at the pub for. The US filled 353,000 jobs in January, and with companies competing for top talent, they pushed the average wage up a more-than-expected 4.5% over the month. Good news: that means more money in Americans’ pockets. Bad news: that means they can keep up with higher prices, potentially stoking inflation just when it seems to be calming down. Why should I care? For markets: In one ear, out in the markets. The Fed has plainly said not to expect an interest rate cut anytime soon. Investors seem to think they know better, though, sticking to their predictions of six interest rate cuts this year. But they might want to heed the warning: interest rates are still wearing down inflation, and with the economy and job market holding up, there’s no reason for the Fed to rush to grab the scissors. The bigger picture: Every little counts. S&P 500 businesses managed to make 1% more profit last year than the one before. That’s a small but mighty feat in this economy, not least because interest rates have been making it more expensive for companies to invest in themselves. What’s more, analysts are now expecting US firms to bring up profit another 12% this year, a performance that would prove the country’s companies are tougher than steel. Or at least, interest rate hikes. You might also like: [Maybe lower rates would actually cool inflation](. 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=Work-To-Rule&utm_campaign=daily-global-03-02-2024&utm_source=email) 💬 Quote of the day "There ain't no answer. There ain't gonna be any answer. There never has been an answer. That's the answer." – Gertrude Stein (an American novelist and poet) [Tweet this]( 📍 Be in the right place at the right time. And by right place, we mean right here. [Promote Your Brand]( SPONSORED BY TPP The benefits of getting active One of the most crucial decisions investors will make is [whether to be active or passive](. [Passive investing]( is a hands-off approach that usually means tracking entire markets via exchange-traded funds (ETFs), while [active investing]( means buying and selling more proactively. But not all active investors operate the same way. That’s why [TPP]( put together a guide detailing three major active strategies: [do-it-yourself stock picking, active mutual funds, and active ETFs](. [Check out the guide for free](, and you won’t just discover the pros and cons of each approach, but also the techniques you’ll need to [stay diversified]( while implementing your chosen strategy. Find out which of these three approaches would best suit you – and the risks you need to know before you start investing – with [this free guide by Finimize and TPP](. [Check Out The Guide]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. Talk about a runner's high. Treadmill fans might want to [stick to water](. 2. Meet the hospitality industry's disruptor. [This newly public company]( is reinventing travel for nomads.* 3. The day the music died. [Universal and TikTok]( have serious beef. 4. You should take crypto protection seriously. Here’s [what makes the OG blockchain safer]( than Fort Knox.* 5. One night trapped in a ski gondola. At least [the view was sweet](. When you support our sponsors, you support us. Thanks for that. SPONSORED BY HEALTHWORDS.AI [HEALTHWORDS.AI]( When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Coming Up Soon... All events in UK time. 💉 [The Rise of AI-Driven Healthcare Investments](: 5pm, February 13th 💰 [The Inevitable Future of Cryptocurrency](: 5pm, February 20th 🔒 [Unlocking Trading Opportunities In 2024](: 1pm, February 26th 🔮 [Future-Proof Your Portfolio With Artificial Intelligence](: 5pm, February 27th 🔥 [Embark On Your Investment Journey With CFA Institute](: 5pm, February 29th 🤑 [The Rise of Bitcoin ETFs](: 5pm, March 6th 🚀 [2024 Modern Investor Summit](: 2pm, December 3rd ❤️ 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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