Revolut reaches $45 billion valuation in secondary share sale
- Valuation: Fintech company Revolut has reached a valuation of $45 billion through a secondary share sale.
- Liquidity for employees: The move was aimed at providing liquidity for the company's employees.
- Investors: The sale attracted major technology investors, including Coatue, D1 Capital Partners and Tiger Global.
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Lenovo rides the AI wave, sales up 20%
- Significant revenue growth: Lenovo reported a 20% year-over-year increase in revenue to $15.4 billion for the first quarter of fiscal year 2024/2025.
- Artificial Intelligence Computing: Positive reception of Lenovo's first AI computers, launched in May 2024, contributed to growth. The company plans another global launch later this year.
-...
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EU and euro area economic growth in Q2:
- 0.3% growth: The economies of the European Union and the euro area grew by 0.3% in the second quarter compared with the previous three months.
- Confirmation of estimate: Eurostat confirmed its flash estimate from the end of July.
- Same growth rate: The EU and the euro area grew at the same pace in the first quarter.
The stock also seems to have reacted positively to this. The DAX rose yesterday and opened slightly higher again today.
Asian stocks are recovering:
- Japanese stocks rise: A weakening yen boosted gains in Japanese stocks.
- MSCI index recovery: The MSCI index rose 1%, offsetting last week's losses.
- Instability in China and Hong Kong: Stocks in China and Hong Kong remain volatile despite overall growth.
- Key US inflation data: Upcoming US inflation data will be crucial for future market moves.
The index is recovering very quickly, probably as expected. It was just a quick flash that needs to be redeemed. It can still go down, but always in waves.
(DOMESTIC MARKET) Robin Oil posted a significant profit growth:
- Increase in net profit: Robin Oil increased its net profit to 443 million, a year-on-year increase of 360 million.
- Decline in sales: Sales revenue declined by C$982 million, totaling C$4.32 billion.
- State Acquisitions: Robin Oil was acquired by state-owned company Cepro earlier this year.
- Annual report: Figures...
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The drop in sales is quite significant, but profits are up, so management is working as it should :) I don't know what prices they had during the year, if it wasn't that.
Duolingo has seen significant growth in its shares:
- Shares rose by 8.9%: Biggest one-day increase since February after posting strong quarterly results.
- Growth in daily users: The number of daily active users rose 59% year-over-year to 34.1 million.
-Increased Revenue Forecast: $DUOL raised its full-year revenue forecast to $731.3 million to $738.3 million.
- Seaport Research...
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https://youtu.be/9KqrnBiyBQ8?feature=shared Duolingo: How the Free App Rakes in $500M Each Year | WSJ The Economics Of
News from Apple WWDC 2024 and AI Initiative
Introducing Apple Intelligence:
- At the annual Worldwide Developers Conference (WWDC), $AAPL unveiled its new artificial intelligence ecosystem called Apple Intelligence.
Hyperpersonalized Assistant:
$AAPL aims to transform the iPhone into a hyper-personalized AI assistant reminiscent of Jarvis from Iron Man - a system that can...
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I, as a proud Apple sheep😂was pretty excited about all the announcements with Apple Intelligence. If they can launch it quickly, it will be great. at the moment, it looks like some of the major features that have been introduced won't come until the end of the year. I think the market reaction after WWDC spoke volumes. If any company has to create the most useful assistant on a phone, it's Apple because of its size and because of the integration.
Hello, investors,
today I have a question aimed more at traders. Have you used the last few days to make any interesting trades? I would be glad to share any trades!
Amazon Second Quarter Results and Market Reaction
- Stock Decline:
- Shares of Amazon $AMZN fell 6% after reporting disappointing second-quarter earnings that missed expectations by $0.58 billion.
- Amazon Web Services (AWS):
- AWS slightly beat expectations with revenue of $26.3 billion.
- Advertising Revenue:
- Advertising revenue fell short of expectations, contributing to...
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The reaction was probably proportional to what the results were, but today the negative reaction is doubling :) It's not an open market yet, but still.
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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The company is doing very well again and it looks good and I'm sorry I'm not bought in.
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?😁
Very intriguing and it would be great if they had an IPO, I'd probably watch that a lot.