⚡️LVMH Investors Are Worried About Weak Demand From Chinese Buyers For Luxury Bags

⏺Investors are eagerly awaiting signs that China's new fiscal stimulus may finally lift wealthy and middle-class Chinese shoppers out of their funk, inspiring them to buy $4,300 designer leather handbags ahead of Singles' Day, China's biggest shopping holiday.

⏺Consulting firm Bain previously said global sales of luxury personal goods, including clothing, accessories and beauty products, would grow 4% this year compared with the same period last year, on a flat basis. The global downturn is most pronounced in China as economic uncertainty weighs on middle-class buyers and makes those who can still afford luxury wary of ostentation.

⏺Mistrust among Chinese buyers persists following the downturn in the country's property market. If confidence returns, even slightly, spending on luxury goods in China could become quite significant again. Let us remind you that the world leader in luxury LVMH has in its portfolio brands such as Louis Vuitton, Dior, Tiffany & Co and Sephora.

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🗓 KEY EARNINGS THIS WEEK

Since the beginning of this season, companies from the SP500 have so far reported earnings growth of an average of 4.1% for 3Q 2024, which is still higher than analysts' forecasts

Tuesday 15.10
⏺Bank of America, Citigroup, UnitedHealth, Goldman Sachs, Johnson&Johnson, Charles Schwab, Interactive Brokers

Wednesday 16.10
⏺Alcoa, Morgan Stanley, CSX

Thursday 17.10
⏺Netflix, Infosys, Interactive Surgical

Friday 18.10
⏺American Express, Proctor&Gamble

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⚡️ASML Shares Plunge At Fastest Rate Since 1998 On Weak Results

⏺The Dutch chipmaker cut its forecast for 2025 and reported orders worth just 2.6 billion euros in the third quarter, falling short of the 5.39 billion euro average estimate of analysts polled by the agency. ASML did not provide a detailed explanation for why its orders fell short of expectations, other than delays in plant construction.

⏺The results caused ASML shares to fall 16% in Amsterdam, their biggest drop since June 12, 1998. It also triggered a broad decline in chip stocks, with Nvidia Corp. fell 6.8%, and the benchmark Philadelphia Semiconductor Index fell 4.8%. The weak results were amplified by the company mistakenly releasing its financial results a day ahead of schedule. ASML published the release, which was expected on Wednesday, prematurely “due to a technical error,” it said in a separate statement.

⏺Shares in Europe's most valuable technology company have fallen by a third since hitting a record high in July, hit by the prospect of more U.S. restrictions on its China business as well as broader weakness in the semiconductor sector.

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⚡️Apple Shares Hit All-Time High Amid iPad Mini Presentation

⏺Shares of tech giant Apple reached a new historical record at NASDAQ trading at $237.49 per share. Since the beginning of the year, Apple's shares have increased by 22.5%. Currently, Apple ranks first among the most valuable companies in the world. Its capitalization is at $3.58 trillion.

⏺Apple's current rally comes amid optimism about the new AI-powered iPhone, which went on sale last month. In addition, on Tuesday, October 15, the company introduced a new iPad mini with similar capabilities. Apple has updated the iPad mini for the first time since 2021.

⏺Experts noted that research shows high demand for updates to Apple devices, driven in part by the growing capabilities of artificial intelligence. While demand for the next-generation iPhone appears to have been relatively weak at first, investors continue to be interested in Apple shares as a safe haven amid macroeconomic uncertainty. In the coming quarters, a major device update cycle could become a catalyst for accelerating the growth of the company's shares, experts believe.

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📈Orange Juice Prices Are Rising Due To to Hurricane Milton, Which Reduced The Harvest in Florida

Florida is considered the largest state in the United States for growing oranges for juice production. Prices hit a record high in September amid tight global supplies and drought that cut production in Brazil.

What do you prefer?

🍊 - orange juice
🍏 - apple juice
💦 - trader's tears

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⚡️Qualcomm Inc. Will Wait Until After the U.S. Presidential Elections in November Before Deciding Whether To Make A Bid For Intel Corp.

The combination of Qualcomm and Intel, whose products play a key role in digital infrastructure, is likely to attract close attention from antitrust regulators in the United States and around the world. This includes China, a key market for both Qualcomm and Intel.

Should they change the company name for Quintel after this?

🤝 - YES
🙈 - NO

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💵Artificial Intelligence Helped Identify Billions Of Dollars In Fraudulent Activity In One Year

According to CNN, artificial intelligence has helped US Treasury analyze massive amounts of information and identify $1 billion in fraud in 2024 alone. This is almost triple what the Treasury received in the previous year.

Is AI – bro?

👍 – real bro
🙊 – step bro

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⚡️Average 30-year Mortgage Rates In USA Rose To Their Highest Level Since Late August 2024.

Even though U.S. mortgage rates are still below this year's peak of 7.22% reached in May, potential home buyers are hesitant right now. About 23% of respondents said they would make a decision based on the results of the country's presidential elections, which will be held on November 5.

What's your dream house?

🏖- house on the beach
🕺- tik-tok house

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🥇 Gold Prices Hit New All-time
Highs ($270Today As Uncertainty Surrounding US Presidential Elections And Tensions In Middle East Prompted Investors To Seek Safe-Haven Assets

It is noteworthy that since the beginning of the year, gold has already risen in price by more than 30%, due to the prospects for a further Fed rate cut and ongoing geopolitical uncertainty.

Will Gold Hit $3000 before 2025?

👍 — YES
🤔 — NO

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🔼TSMC's Profit Jumped 54% As AI Boom Accelerates

The world's largest semiconductor maker reported net profit of $10.1 billion in three months to September 30. The company makes chips for more than 500 companies, including Nvidia's latest AI processors and chips for the iPhone.

What's your opinion on TSMC?

👍 — fairly priced
🤔 — overpriced

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🚩Trump's Tariffs Are Popular With Voters Harris Needs To Win Over

Vice president must walk a fine line to avoid alienating voters and businesses. Most voters in swing states support universal tariff: poll.

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🔼Netflix Shares Up 10% After Quarterly Report

American streaming service's net income for the third quarter of 2024 increased by almost 50% compared to the same period last year to $2.36 billion. Netflix said it expects more significant subscriber growth during the holidays when korean drama "Squid Game" returns

Friday! Its time for Netflix and...

❤️ — chill
⚡️— trade

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⭐️Silver Reached Its Highest Value In Almost 12 Years

The breakthrough comes as gold continues its record rise, setting yet another record. The precious metals market is experiencing unprecedented momentum driven by a combination of geopolitical tensions, economic uncertainty and changing investor sentiment.

The best metal of the year?
🏆 — Silver
🥰 — Metallica

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📱iPhone 16 Sales In China Increased By 20%

iPhone 16 smartphone debuted in September and is still outselling its predecessor. Consumers also continue to purchase more expensive models. Sales of the iPhone 16 Pro and Pro Max models were up 44% compared to last year's models.

Choose your fighter:

🏆 — iOS
😍 — Android

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🎙Tim Cook Complained To Trump About Apple's Large Fines In EU

US presidential candidate Donald Trump said Apple CEO Tim Cook called him to discuss the billions of dollars the company was fined by the European Union.

In March EU fined Apple about $2 billion after finding that the iPhone maker used its dominant market position to restrict music streaming apps from informing customers of cheaper offers outside the App Store.

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📈Intuitive Surgical Shares Surge 6% as Q3 Earnings Beat Expectations

The company's glowing Q3 results were spearheaded by installations of 379 Da Vinci surgical system during the quarter, compared to 312 systems over the same period, machines in the same period last year.

The da Vinci surgical system gives surgeon an advanced set of instruments to use in performing robotic-assisted minimally invasive surgery. Surgeon performs surgery with da Vinci by using instruments that he or she guides via a console.

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✔️Boeing Proposed Increasing Wages For Company Employees By 35%

Boeing and the union representing 33,000 striking workers have reached a preliminary agreement on a new contract with the assistance of White House, increasing the chances of ending the strike that has paralyzed one of the largest US exporters. The company and the union reached an agreement after intervention by the US Secretary of Labor.

What would you prefer?

👍 — working for Boeing
🏆 — trading Boeing stocks

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🎙Tim Cook Complained To Trump About Apple's Large Fines In EU

US presidential candidate Donald Trump said Apple CEO Tim Cook called him to discuss the billions of dollars the company was fined by the European Union.

In March EU fined Apple about $2 billion after finding that the iPhone maker used its dominant market position to restrict music streaming apps from informing customers of cheaper offers outside the App Store.

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🗓 Corporate Earnings Season Is Gaining Momentum In US

So far, 14% of SP500 companies have reported. Of these, 79% beat EPS expectations, above the 5-year average of 77%, and above the 10-year average of 74%. Collectively, companies are reporting earnings an average of 6.1% ahead of forecasts this season, below the 5-year average of 8.5% and below the 10-year average of 6.8%.

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⚡️Berkshire Hathaway Lifts Stake in Sirius XM After Malone Deal

Berkshire Hathaway now has a stake of about 32.5% in Sirius XM’s publicly traded stock, having become the top holder last month. That change came as billionaire John Malone’s Liberty Media split off its 83% stake and combined it with its separate tracking shares in the broadcaster.

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