We’re highlighting Farfetch because we focus on the fast-growing online luxury goods market. The company operates a leading platform connecting luxury brands and boutiques. The global luxury goods market is undergoing a structural shift towards digitalization and we believe that Farfetch will be the main beneficiary of the $ 300 billion market transformation. The company’s management predicts revenue growth of an average of 16% per year over the next ten years, primarily due to growth demand from China and other emerging markets.
Tag: CRYPTO
Buying Afterpay is the key to future success
Square posted good results for the second quarter. The company’s revenue reached $ 4.68 billion, compared with $ 1.92 billion a year earlier. The consensus forecast of analysts provided for the figure at the level of $ 5.03 billion. Net income in April-June was $ 204 million, or 40 cents per share, compared with a loss of $ 11.5 million, or 3 cents per share in the same period a year earlier. Adjusted earnings were 66 cents per share, up from 18 cents per share a year earlier. Analysts on average had forecast an indicator of 31 cents per share.
Markets Peak Again Despite Delta Strain
Last week, the main indices completely won back the correction of the week before last and again reached their absolute historical values. The capitalization of the S&P 500 increased by 2%, and the index itself rose to the level of 4,412 points. The Nasdaq 100 rose 3% and finally broke through the 15,000 mark, consolidating at 15,112. Investors started buying tech stocks again amid optimism about the sector’s growth ahead of reports from some of the industry’s biggest names. We previously noted that we expect the technology sector to outperform the broad market.
Fortinet. Strong Quarterly Results
We believe Fortinet will pleasantly surprise investors in the second quarter. We expect to see strong quarterly earnings that exceed market expectations. Strong demand for network security products and cloud solutions is having a positive effect on the company’s business. Fortinet records high demand in all regions of its presence. The company plans to publish its financial statements on August 6. We raise our target valuation for the company’s shares from $ 250 to $ 270.