🐚 Shell-shocked

Shell gave a profit warning | Retail sales dropped in the eurozone | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for October 7th in 3:10 minutes. ☕️️ Hopefully your daily Finimize newsletter is enough to wake you up in the morning. But if not, maybe this’ll do the trick: be one of the first 300 folk to [sign up for a free Modern Investor Summit ticket]( and we’ll buy your next coffee. [Grab yours now]( Today's big stories - Oil giant Shell warned its record profit run is coming to an end - Quality investors like predictability, so maybe you should too – [Read Now]( - The eurozone’s retail sales fell by more than expected in August Shell Takes A Shelling [Shell Takes A Shelling] What’s Going On Here? Oil giant Shell [warned]( investors on Thursday that its run of record quarterly profit is about to come to an end. What Does This Mean? What benefits oil companies and what benefits the wider world isn’t always the same – that much was clear after war erupted in Europe back in February. The ensuing jump in oil prices led to a boom for the industry and handed Shell two back-to-back quarters of record profit. But the global economy’s tanked in the meantime, and all of a sudden the outlook for oil has dimmed – with prices taking a tumble from their over $120-a-barrel price back in June. Add weaker gas trading and falling demand for plastics to the mix, and it’s no surprise that Shell said its profit will probably underwhelm when the numbers emerge at the end of the month. Why Should I Care? For markets: A slim ray of HOPEC. OPEC+, a group of oil producing nations, is less than thrilled with falling oil prices, and has [announced]( plans to reduce supply by two million barrels a day – twice the [rumored]( amount. Now, while that move will probably spur a recovery in oil prices, the effect might not actually be as drastic as it seems: weaker members of OPEC+ have struggled to keep up with existing production targets anyway, so the actual dent to supply could be less than the official figure suggests. The bigger picture: The grass is always greener – the future, not so much. Many companies – including Shell – have ambitious plans to pivot to green energy, but it looks like they aren’t investing enough. According to experts, the world needs to be [spending]( $4 on renewables for every $1 we spend on high-polluting energy by 2030. Do that, and we have a chance of reaching net-zero by 2050 – but given that we haven’t even reached a spending ratio of 1:1 yet, it’s a long shot. 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=Shell Takes A Shelling&utm_campaign=daily-global-07-10-2022&utm_source=email) Analyst Take Is It Time To Buy Quality Stocks? [Is It Time To Buy Quality Stocks?]( By Paul Allison, Analyst You’ll sometimes want to [go against the crowd]( when you’re investing. And right now, that might mean leaning into [quality stocks](. These stocks, which are neither the market’s cheapest nor its most expensive, have [fallen out of favor this year](. But they actually make [a lot of sense in this environment](: after all, these well-established companies are known for their [high predictability, fairly certain growth, and minimal risks](. That’s today’s Insight: [why it might be time to consider quality investing](. [Read or listen to the Insight here]( Your next coffee is on us The global economy is testing the stamina of even the stoutest investors right now. But with Finimize in one hand and a strong coffee in the other, you’ll be poised [to conquer the world](. That’s why we’re buying a coffee for the first 300 people who sign up for a [free Modern Investor Summit ticket]( between today and midnight on Sunday. And if that extra shot doesn’t wake you up, the [summit’s incredible lineup]( – including Anthony “Pomp” Pompliano, Sallie Krawcheck, and Kyla Scanlon – is guaranteed [to shake you from your slumber](. It takes less than a minute to register: [claim your free ticket here](. [Find Out More]( Drop ‘Til You Shop [Drop ‘Til You Shop] What’s Going On Here? Data out on Thursday [showed]( that retail sales in the eurozone slumped again in August. What Does This Mean? Robust retail sales can instill confidence in a country’s consumer demand, but Europe’s dreary results will have done anything but: sales of everything from food and drink to online shopping flopped as extortionate prices forced Europeans to protect their pennies. And sure, summer travelers did get a bit happy-go-lucky at the pump, buying 5% more gas than they did at the same time last year. But that was nowhere near enough to stop total retail sales from slipping for the third month in a row, leaving them a worse-than-expected 2% lower than the same time last year. And since consumer spending is a cornerstone of Europe’s economy, this drab data will only support economists’ predictions of an impending recession. Why Should I Care? Zooming in: Any time now, Germany. If Europe’s waiting for its biggest economy to pick things up, it might be left twiddling its thumbs. Separate data out on Thursday [showed]( factory orders in Germany fell 2.4% in August from the month before, an unsettling stat for an economy that prides itself on its manufacturing industry. That’ll do nothing to reassure leading research institutes that already slashed German economic growth forecasts last week, now predicting the country’s output will be $158 billion lower this year and the next than they forecasted five months ago. The bigger picture: We’re all in this together. Europe’s been trying to fill the Russian-shaped hole in its energy supplies however it can, as fast as it can. Problem is, that frantic shopping has been pushing the price of natural gas – and the cargo boats that transport it – even higher for the rest of the world. So in an effort to solve its own energy crisis, Europe’s been exporting the pain elsewhere too, and Asia’s emerging economies – already plagued by mounting debt and weak currencies – are among the hardest hit. You might also like: [Three reasons not to forsake Europe just yet.]( 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=Drop ‘Til You Shop&utm_campaign=daily-global-07-10-2022&utm_source=email) 💬 Quote of the day “Human beings, by changing the inner attitudes of their minds, can change the outer aspects of their lives.” – William James (an American philosopher and psychologist) [Tweet this]( 🎯 On Our Radar - Hook, line, and sinker. High society’s [fallen for fishing](. - Think of your dream vacation home. This company might just [have it listed for less](.* - Trash or treasure. How to know whether you’re [collecting or just hoarding](. - No point crying over crushed grapes. Discover [the trends upending the world of wine](. - Skip the “Happy birthday”. Don’t send your ex [the yearly text](. When you support our sponsors, you support us. 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