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Supreme is now European: The World's Fashion Capital ExpandsA certain acquisition caught my attention this week. The company sunglass company Ray-Ban (owned by EssilorLuxottica) has just acquired Supreme for $1.5 billion in their first push into clothing. For those of you who know the street wear brand Supreme, this should come as a rather interesting acquisition, specifically that Supreme is considered a significant brand in the fashion arena. I have a few thoughts on this: 1. This acquisition underscores the immense value that a strong brand can command in the market. Supreme is known primarily for its simple yet highly coveted logo. There's a valuable lesson here. 2. Ray-Ban is owned by EssilorLuxottica, a European conglomerate, which is traded as an American Depositary Receipt (ADR) under the ticker OTC:ESLOY and on the Milan exchange as shown in the chart above $MIL:1EL. 3. In a future post, I am going to compile a list of interesting European fashion stocks to keep your eyes on. One stock in particular has my CLOSE attention. More on this later. What I'm saying here is that EssilorLuxottica's ownership of Ray-Ban, and now Supreme, highlights the influence of European companies in the global fashion industry considering all of the other European fashion brands. It's safe to say that Europe, quite literally, the capital of fashion. I must say, there is more to this story as well. I've previously written about On Cloud as well and its threat to Nike. I linked that idea below. Something to think about... Also, well done Europe!
MIL:1EL
by scheplick
BTC in PREP and READY BULL RUN (July 17)Here are the two smart money contractions. They’re both bullish. Please see the previous and the most recent. The green horizontal line is called the value line. Works like a magnet but when only the whales are willing to push-up. Smart money is working the same rhythm as before. Body candles have spoken the facts and reads will reach. Dates mentioned in this idea are not counted for predicting. $70k can happen in 1 DAY to many days later. Yesterday’s fall reached resistance which is means support at $62,943. It’s my method of trading guidance. $85k
COINBASE:BTCUSDLong
by The_ForexX_Mindset
1
ICP FINALLY BOTTOMEDWith the current state of ICP being increasingly bearish over the past 3 years. I feel like we have officially reached the bottom for the bears. ICP has unlocked 89.5% of the total supply. Their is only 54.49 million ICP left to be unlocked. If ICP were to remain at $7.27 the market cap would be $3.78b which is roughly a $365m increase in market cap, which tells me price cannot fall much further than it already has. With that being said, I've marked fib levels from the highest high to the lowest low on the weekly, to figure out where ICP can go over the next 3 years in a bull market. If we're bottomed here & can form a higher high at the .286, that would provide a 6000% gain at current price . I thoroughly believe in ICP as it is renowned in the WEB3 world & has so much potential to regain its position within the top 5. Many of you will think this post is delusional, however if theres any blockchain that can back a huge gain, ICP is definitely in the top 3. Peace & Prosperity As Always - Kaia Tait.
Long
by kaiatait
2
The First Trillion Dollar Healthcare Company - Eli LillyI recently wrote about Eli Lilly and why it has caught my attention, what it may mean for markets, but more specifically the most expensive and elaborate industry on Earth, that none of us can understand... HEALTHCARE. Insurance is wildly expensive. Many people are focused on health. Scientists around the planet are trying to solve health. And now, Eli Lilly, is on the very of becoming the first trillion dollar company in healthcare. Eli Lilly is nearing $900 billion market cap and is on pace to become the first trillion dollar healthcare company. I have long followed healthcare stocks because I do believe they bring a lot of insight into health, innovation, and the natural sciences. After all, they are tasked with curing challenging diseases, sicknesses, and other aspects to help humans. Most recently, a certain stock has caught my attention. I find this to be a noteworthy development for the industry, especially while stocks like Pfizer and others, such as NASDAQ:MRNA are dropping. NYSE:PFE Place your bets accordingly. This move and alert has been added to my watchlist.
NYSE:LLY
by scheplick
Shopify (SHOP:NYSE) receives support from Goldman SachsJuly 2024: Shopify's shares took a heavy hit in May after a moderate Q1 earnings report which might have beaten investor consensi, EPS by $0.04 & revenue by $20 mio, yet this was not enough to prevent a large selloff. The share price is currently recovering and is now trading 4,5% higher than it did 12 months ago. This is partly thanks to the analyst from Goldman Sachs, who kept the share rating at "buy" signalling that Goldman Sachs believes Shopify can further accelerate its growth. In general Shopify's rating remains a moderate buy, with analysts giving it a price target of $76.42, a 15.5% upside. Shopify has been able to increase its market share in e-commerce software platforms and technologies over the last 18 months, now sitting at around 10%, so its large investments in marketing are therefore paying off and bringing in lucrative orders. Shopify is also investing in artificial intelligence (AI) which gives the company a competitive advantage given the large data pool it has access to, and already uses the technology having launched the Shopify Magic suite last year. The technicals are painting a somewhat mitigated picture, with the RSI sitting in neutral territory around 54 in the daily chart. The stock's price sits above the 50 day MA, and wasn't able to break through the 100 day MA which is flattening out around the 69 mark, which had proved to be a relevant support zone before the drop. The on balance volume is telling us a similar story, namely that buying and selling pressures have balanced out in the last months and that traders are probably lacking a bit of conviction at the moment. We will most likely have to wait for the Q2 earnings report at the end of the month before seeing a significant move again.
SLong
by WHSelfInvest
Nike's Drop Will Offer a Great Dip... Soon!Nike's stock has dropped 30% this year and nearly 60% from its 2021 highs. It continues to drop, and now, I am worried that they will soon suspend their dividend to move cash flow into other areas that need to support the business. I believe Nike may reach a low close to its COVID-19 crash levels, presenting a buying opportunity for patient investors as I've marked on the chart with the red circle. As Warren Buffett once said, "Be fearful when others are greedy and greedy when others are fearful." I think that moment is coming with Nike. Here are two tips for buying dips: 1. It can always go lower than you think so it's better to wait for some signs of a reversal rather than perfectly catching the bottom. 2. Set alerts so that you're ready and can get alerted with the time comes. Now, why has Nike fallen like this? Several factors contribute to this decline: 1. Margin Pressures: Rising raw material and labor costs have strained Nike's profitability, causing investor concerns. 2. Product Control Issues: Expanding its product range has led to inconsistent quality and inventory management problems. 3. Excessive Product Range: The overwhelming number of products has confused customers and diluted the brand. 4. Increased Competition: New, agile brands are capturing market share, challenging Nike's dominance. This one is on my watchlist! Let's see what happens next. I'll update you all rather soon.
NYSE:NKE
by scheplick
26
Can Tesla Get Back to Even? What I'm WatchingI still can't believe that, back in April, Tesla was down 43% since the start of the year. It's been ages since we've seen a drop like that for Tesla. I circled that point on the chart with a red circle. Also, the yellow and orange lines are the 50 and 100 day moving averages, about to cross and seem to be turning upward. Fast forward to now, and Tesla has bounced back, down just 6% since the year's start. If Tesla goes green on the year... watch out. There are a number of reasons why Tesla might be turning the corner, and that especially seems to be its recent delivery numbers. But, before we go there, what really caught my eye is how quickly companies like NVIDIA have recently outpaced Tesla over the last 6+ months. I just can't remember such a hot stock becoming "left behind" in such a short period of time. Both TSM and Broadcom also passed Tesla rather quickly - also semiconductor stocks. Now, why did Tesla pop recently? As many of you know, Tesla reported 443,956 deliveries in Q2, slightly above Wall Street's expectations of around 439,000 units. There's nothing quite like beating Wall Street and proving them wrong. But let's not forget that Wall Street can spin the numbers to fit their narrative. This delivery figure is still a 4.8% decrease from the same quarter last year, hinting at Tesla's resilience. However, personally, I'm more intrigued by Tesla's product mix and the new projects they're working on. That's where the real story is. And I think this comeback is just the start of that.
NASDAQ:TSLA
by scheplick
Traditional Gold traders could be making a huge mistake1000.00 usd forcast is easy to spot in the gold market before 2025. The ever growing trend moving into the crypto currency market and blockchain technology is more favorable "profitable". Larger capital gains and entertainment in the crypto industry is becoming more favorable in todays economy. Change is happening gradually because the economy is still facing serious issues with stability. There will be winners and losers in the future markets. 40% will fail with traditional trading and 40% will win big returns with the crypto industry. 20% of the world population will most likely stay away from investing all together because they already have all the wealth they need. This is my observation with gold and silver 50% loss for most investors 2022 - 2025 Most of the money leaving the gold market will transition into crypto currency next few years. More gains, more rewards, more return...
TVC:GOLDShort
by UnknownUnicorn35774657
1