The success of Hermès
- Results for the first half of the year:
- Hermès $RMS.PA reported strong results, which led to a rise in its shares.
- Revenues rose 15% to €7.5 billion.
- Growth drivers:
- High demand in all regions, especially for leather goods and accessories.
- An expanding retail network and the introduction of new product lines.
- Financial indicators:
-...
Read more
LVMH Shares Fall
- Share drop:
- Shares of LVMH $MC.PA fell more than 4% at the market open on Wednesday.
- Reason for the drop:
- The company reported second-quarter revenue growth that fell short of expectations.
- Revenue rose 1% to 20.98 billion euros ($22.76 billion), while analysts had forecast 21.6 billion euros.
- Impact on other luxury companies:
- Other luxury stocks...
Read more
I bought a few pieces yesterday too, we're getting some really interesting prices.
Barclays raises S&P 500 target price
- Target price increase:
- Barclays has raised the target price for the S&P 500 index for 2024 from 5,300 to 5,600.
- Reasons for increase:
- Reflects a slight premium to the fair value of the index excluding the technology sector.
- Expectations that inflation will continue to normalize.
- Expectation that the economy will remain...
Read more
6500, wow. If the Index gets there next year, I hope Arrk's prediction for Tesla comes out right?😁
Hello investors, what results are you most curious about?
Well it's a few days over but I'll just add with the opinion that for those strong companies I don't think it's going to be anything and just an option to buy. So I took a position in $LRCX
Spot ETFs for Ether
Trading Date:
- Spot ETFs on Ether are likely to start trading on July 23.
Preliminary Approval:
- The U.S. Securities and Exchange Commission (SEC) has given preliminary approval to at least three of the eight asset managers planning to launch ETFs tied to the spot price of ether.
Conditions of approval:
- Approval is contingent on the submission of final...
Read more
Well, I'll be interested in that, and thanks for letting us know. I'll definitely be glad to that 23/24 for some update😃
Philip Morris/British American Tobacco
Hello investors, when it comes to tobacco companies, which representative would you prefer and why?
Philip Morris $PM
- Strong growth:
- Philip Morris is achieving strong growth through innovative products and strategic decisions.
-Non-smoking products:
- Non-smoking products have become an important business for Philip Morris, helping to...
Read more
For me, $PM, but the other companies are pretty similar. I think I like this firm the best.
Transforming Spotify and adding social networking features
Transformation in 2023
-$SPOT has added a TikTok-inspired discovery channel that has significantly changed the user experience.
Social elements on the platform and future plans:
-$SPOT is introducing more and more social networking elements:
- Podcast comment system: Allows producers to interact directly with the...
Read more
Microsoft gives up its seat on the OpenAI Board
Microsoft relinquishes position
-$MSFT has relinquished its observer seat on the OpenAI Board of Directors.
- The move comes amid regulatory scrutiny of generative artificial intelligence in the US and Europe.
Improving governance at OpenAI
-$MSFT said the observer position is no longer necessary due to improvements in the AI...
Read more
I think it would be great if it had "only" an observation function. He is, after all, the majority owner if I'm not mistaken. Regulations OK, but from a certain point on they start to bother me. I think it would speed up progress very significantly.
I don't have these 2, but with interest rates dropping, the tide could turn. It's the main thing it's based on now. We'll see, we'll have to wait a while for that.
Preliminary EU tariffs on Chinese electric cars
Preliminary duties:
- EU plans to impose preliminary duties on Chinese electric cars
- Tariff range: 17.4% to 37.6%
- Effective from Friday
Target of the measures:
- To prevent damage to EU industry
Final decision:
- Deadline for final duty decision: 2 November
- Interested parties can express their views until 18 July
Commissi...
Read more
The EU again...they want to support domestic production, I understand that, but I think people want foreign electric cars (at least in the current situation).
Broadcom and market capitalisation
Market capitalisation:
- Broadcom $AVGO reached a market capitalization of $839 billion
- The company is just behind Berkshire Hathaway in the market value rankings
Growth in June:
- Broadcom saw a 35% increase in market capitalization for June
- Growth was driven by increased demand for AI technologies
Morgan Stanley assessment:
- Morgan...
Read more
Very high quality company and for the portfolio why not, but the price is currently too high.
Hello, investors,
today I'd like to know your opinion on interest rates, where do you think we're going?
Well, I would bet on at least one reduction happening. Beyond that, it's mysterious waters. Anything can happen. What's your take on it?
APPLE AND AI PARTNERSHIP
- Partnership with OpenAI:
-$AAPL is considering a partnership with OpenAI, the developer of ChatGPT, to further develop its AI technology
- Discussions with other AI companies:
-$AAPL negotiateswith Meta Platforms and startups Anthropic and Perplexity for alternative AI solutions
- Plans for AI subscription service:
The company is trying to push its products to make them as convenient as possible for customers, but the EU is interfering again. And I don't want to keep defending Apple, it bothers me with everyone.
These results showed the difference between Hermes and LVMH and why they sell at such high valuations.