Strong Performance of Meta Shares
- Growth Stocks:
- Shares of $META rose 7%after posting better-than-expected results and a positive outlook.
- Second Quarter Financial Results:
- Meta $META posted earnings of $5.16 per share, beating analysts' expectations.
- Third Quarter Outlook:
- Meta $META expects third-quarter revenue in the range of $38.5 billion to $41 billion.
-...
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ECB Interest Rate Decision in September
- The European Central Bank (ECB) is closely monitoring economic data ahead of a possible interest rate cut decision in September.
- The current inflation situation:
- Headline inflation: Expected to remain at 2.5% for the second consecutive month.
- Core inflation: Forecasts point to a decline to 2.8%, which includes less volatile items...
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Maybe that will happen in the United States. If that happens, I expect a rally before the end of the year :)
McDonald's faces a drop in sales
- Decline in global sales:
- McDonald's $MCD saw a 1% decline in quarterly comparable sales, the first decline in 13 quarters.
- Analysts had expected a 0.53% increase, but the reality fell short of expectations.
- Competitive Pressure:
- McDonald's $MCD and other chains such as Domino's, Burger King, Wendy's and Starbucks introduced...
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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:
-...
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These results showed the difference between Hermes and LVMH and why they sell at such high valuations.
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...
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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...
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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...
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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...
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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:
-$SPOT is introducing more and more social networking elements:
- Podcast comment system: Allows producers to interact directly with the...
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Microsoft gives up its seat on the OpenAI Board
Microsoft relinquishes position
-$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...
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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...
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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).
The company is doing very well again and it looks good and I'm sorry I'm not bought in.