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
Cartoon of the Day by Hedgye:
The Magnificent7 are dropping like flies
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
Ethereum reaching an important resistance level
Ethereum (XETUSD) has rallyed 130% since October swing low without any decent consolidation !!! It's now reaching an important resistance zone 3490-3580. Will it have enough strenght to continue or is it time for a break ? Source : Bloomberg
