Luxury goods giant $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ is the first European company to surpass $500 billion in market value. Shares of LVMH have risen more than 20% since 2023. The family of LVMH's president is the latest to be crowned the richest in the world by Forbes. In recent years, luxury giants represented by LVMH, Kering, and Hermes International have seen high revenue growth, with the Asian market becoming a major consumer.Strong growth in luxury goodsThe parent company’s brands include Louis Vuitton, Moet & Chandon, Hennessy, Givenchy, Bulgari, and Sephora. And its 17% rise in first-quarter sales more than doubled analyst estimates. That, plus a profit from recurring operations of 21.1 billion euros, marked its second consecu
Google parent Alphabet reported revenue and earnings for the first quarter that topped estimates. The stock jumped over 4% in extended trading before paring its gains. Let's see what happened.Let's look at Google's earnings reportThe company's revenue for the period reached $69.787 billion, an increase of 2.61% year-over-year, beating analysts' expectations of $68.9 billion; earnings per share reached $1.17, exceeding analysts' expectations of $1.07.Google reported core advertising revenue of $54.548 billion, down 0.2% year-over-year, in the third quarter since the company went public;Revenue from YouTube ads: $6.69 billion, exceeding analyst estimates of $6.6 billion;Revenue from Google Cloud: $7.45 billion, beating analyst estimates of $7.49 billion;The Traffic Acquisition Costs (TAC) we
$First Republic Bank(FRC)$ plummeted to an all-time low in Tuesday’s trading session. The price per share hit an all-time low of $8.10 as the markets closed.It was driven by the latest earnings. Although the bank’s EPS in the first quarter topped analysts’ estimates, its deposit flight was worse than what analysts had estimated, plunging 41% to $104.5 billion, missing the estimates of $145 billion.Everyone is preparing for an imminent bankruptcy?The White House is expressing concerns about whether it has the capacity to find a solution for First Republic Bank's insolvency.The rescue plan for First Republic Bank did not succeed. The bank suspended its dividend and its shares continued to slump, raising speculation about the bank's future as a s
U.S. Traveler Spending Abroad Reached Nearly $16 Billion in January 2023, a New High.Almost one third (31%) of travelers said that they intend to spend more on travel this year than they did in 2022, according to arecent reportfrom the World Travel and Tourism Council and booking site Trip.com.$Airbnb, Inc.(ABNB)$ earnings surge as foreign travel rebounds. The company has recorded its first full year of profitability thanks to higher prices and a global travel rebound.Outbound travel from the Asia-Pacific region showed the strongest growth globally.Travel stocks spread across industries such as hotels, booking sites, airline services, short-term rentals, amusement parks, and sustainable tourism.Below are&nb
Disclaimer: The content are from public information, strategies are for communication, not for trading advices directly.Editor Notes: $Credit Suisse Group AG(CS)$ 's credit default swap (CDS) spreads to more major European and American banks, We may be in the early stages of a banking crisis. If not handled properly, it is a financial crisis. Citi Research: The Funding, Liquidity, Valueation, Risks of Credit SuisseAfter SIVB, SBNY, Who is Next, ZION, TFC, FRC, KEY or $RF?1. <
Hi, Tigers!Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins!Click here to join the Topic & Win coins >>[Rewards]We will reward you with 50 Tiger Coins when you share your knowledge about stocks and markets here, depending on quality and originality.(NOTE: Comments posted under this article WILL NOT be counted) 2.You will be given 5 Tiger coins if you tag more than 3 friends in the comment areaMeanwhile, we will be list
"Buy the rumor🗣🗣, sell the news📰” is a trading strategy that can be used by traders eyeing short-term profits. ✅ In this strategy, traders buy a security based on speculation about an upcoming 📰 event & sell the security when that 📰 is announced. ❌ Disadvantages of the strategy include lack of accuracy & potential loss of opportunity on decisions not made quickly enough💸💸💸 ➡️ A common example of “Buy the 🗣🗣, sell the 🗞🗞🗞” in the stock market is trading based on the expectation of a company's quarterly earnings report. Perhaps there's a rumor that a company is expected to provide more revenue to shareholders than previously thought. In that case, traders will buy the stock quickly to take advantage of increased dividends or stock prices. Once the company has its earnings call or mak