Is Nivdia $NVDA - cheap? Via Bear Traps: "NVDA is now trading at a lower multiple than the NDX: fwd P/E is ~29 vs 32x for the NDX
NVDA is expected to grow earnings at 78% y/y for the current year and the Nasdaq 100 EPS growth is an estimated 17%." Source: TME
The World’s Biggest Fashion Companies by Market Cap 👔
Source: Visual Capitalist
Bubbles out into perspectives...
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Gold ETFs is losing its shine, while Bitcoin ETFs is in its prime.
Bitcoin ETFs are catching up to Gold ETFs. Gold ETFs currently hold ~$92B. Bitcoin ETFs currently hold ~$40.7B. source : bitcoin archives
Place Your Bet...
Who will be the next stock to join the $1 Trillion market cap club? source : stockmktnewz
Rolex Sales Reach $10 Billion for the First Time: Report
Rolex sales crested $10 billion for the first time as the top Swiss watch brand gained market share, according to a report by Morgan Stanley. The dominant Swiss luxury watch brand produced 1.24 million watches in 2023 with sales of 10.1 billion Swiss francs ($11.5 billion). That’s a gain of 11% from 2022, analysts at Morgan Stanley and Swiss firm LuxeConsult said in a report Wednesday, adding Rolex’s current level of market share is “unprecedented.” The maker of the Daytona, Submariner and Datejust models grew its retail market share to just over 30% as well-heeled buyers clamored for watches made by the Geneva-based entity, which is controlled by a charitable trust named for Hans Wilsdorf, who co-founded the brand in 1908. The lower priced Tudor watch brand, which is owned by the same foundation as Rolex, had sales of about 545 million francs in 2023, according to Morgan Stanley estimates. source : bloomberg, morgan stanley
Saudi Arabia is exploring plans to raise $2.7 billion for its futuristic mega-city in an effort to complete most of the construction by 2030
Saudi Arabia is seeking a $2.7 billion loan from local lenders for its Neom project, per Bloomberg. The planned city is a central part of the kingdom's plans to diversify its economy.It aims to accommodate 9 million people in a mirror-like structure that's 170 km in length. The Neom development is expected to include two huge buildings as part of a project known as The Line. It aims to be a "civilizational revolution that puts humans first," The Wall Street Journal first reported, citing a video in which Crown Prince Mohammed bin Salman discussed the project source : yahoo!finance
Traders Think a July Hike Could Be the Fed’s Last
Odds of the Federal Reserve raising rates twice more this year look less likely after inflation promisingly cooled. A quarter-point hike at the upcoming July meeting remains Wall Street's base case. Source : wsj
