PDRDY

Valuentum: Outlook for Europe, China Is Bleak

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Video: Valuentum’s Associate Director of Research and Co-Portfolio Manager of the simulated newsletter portfolios, Callum Turcan, shares his thoughts about the global economy. Europe is facing considerable pressure from energy prices, while China may face a mortgage meltdown. Join Valuentum for this brief 6 minute video to get up to speed on the goings-on of the global economy and what troubles may be lurking ahead. –——— Brian Nelson owns shares in SPY, SCHG, QQQ, DIA, VOT, BITO, and IWM. Valuentum owns SPY, SCHG, QQQ, VOO, and DIA. Brian Nelson’s household owns shares in HON, DIS, HAS, NKE. Some of the other securities written about in this article may be included in Valuentum’s simulated newsletter portfolios. Contact Valuentum for more information … Read more

LVMH Posts Record Sales Performance

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Image Source: LVMH Moët Hennessy Louis Vuitton – October 2021 IR Presentation By Callum Turcan The France-based luxury goods company LVMH Moët Hennessy Louis Vuitton (LVMUY) provided an update on its sales performance during the first three quarters of 2021 on October 12. For housekeeping purposes, please note LVMH reports its financials in accordance with IFRS accounting standards, and that LVMH acquired luxury jeweler Tiffany in January 2021 through a ~$15.8 billion deal.  LVMH’s revenues grew by 46% year-over-year, reaching EUR44.2 billion (a record for the company), and organic sales were up 40% year-over-year during the first nine months of 2021. The company’s ‘Fashion & Leather Goods’ segment, responsible for a little under half of its total sales, saw its … Read more