LVMH, the world's leading luxury conglomerate, is showing no signs of slowing down, reporting a stellar first quarter performance in 2023. The company's revenue surged by 17%, driven largely by increased demand from Asian markets. Notably, the relaxation of Covid restrictions in China has led to a significant boost in luxury goods consumption, benefiting LVMH in particular. With majority of its revenue coming from Asia, LVMH has been able to capitalize on this trend and maintain its position as the world's largest luxury stock by market cap. LVMH's Q1 2023 results demonstrated a strong recovery in the Asian market, with sales in Asia (excluding Japan) growing by 14%. This is a notable improvement from the mere 8% growth seen in the same period last year, and suggests that the region is r
With the rise of streaming services, many consumers are left wondering which platform to choose. One factor that can heavily influence this decision is the number of TV shows available. To help you make an informed choice, we’ve compiled a list of the top streaming platforms and the number of TV shows they offer. At the top of the list is Netflix, with an impressive 2,356 TV shows. Close behind is Discovery+ with 2,319, followed by Prime Video with 2,078. Hulu has 1,487, while Peacock offers 1,030 TV shows. Paramount+ has 769, HBO Max has 651, Disney+ has 545, and Apple TV+ has the smallest offering at 106 TV shows. For investors, understanding the TV show offerings of these streaming giants can be valuable in assessing their respective strengths and weaknesses. Below is a SWOT analysis of
$Pinduoduo Inc.(PDD)$ The company will likely continue to grow regardless of whether we enter a recession or not. If we do enter a recession, it will likely stand tall as compared to its peers, since consumers are likely to hunt for cheaper daily neccessities, which is an area PDD shines. Key risk will be geo-political tensions that may cause some uncertainty in Temu app in the US. Top of watchlist for now.
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$XPeng Inc.(XPEV)$, $Li Auto(LI)$ and $NIO Inc.(NIO)$ mixed in premarket trading after posting their Q1 deliveries results.$NIO Inc.(NIO)$ delivered 10,378 vehicles in March 2023 and delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.In March 2023, $XPeng Inc.(XPEV)$ delivered 7,002 Smart EVs, representing a 17% increase over the prior month. Total deliveries for the first quarter of 2023 reached 18,230 vehicles.