Hermès made a fashion and financial statement in one | OpenAI joined an exclusive club | [Finimize]( â TOGETHER WITH â Hi {NAME}, here's what you need to know for February 10th in 3:15 minutes. â ð¥ Robots can now shell a raw egg with perfect precision. So join us for [The Rise of AI-Driven Healthcare Investments]( on Tuesday, and find out how the health industry can profit from those superhuman skills. [Grab your free ticket]( Today's big stories - Hermès released results that suggest the luxury brandâs stock might never go out of fashion
- Not all portfolios are created equal â hereâs how six of the most popular ones stack up â [Read Now](
- OpenAI raced toward a $2 billion annual revenue, a feat few firms have achieved The Might Of Luxury [The Might Of Luxury] Whatâs going on here? Hermès delivered lust-worthy [results]( on Friday, even while leaving most of the luxury brandâs waiting list empty-handed. What does this mean? Hermèsâs signature bags have graced the forearms of movie stars for decades. So with the power to bestow timeless style through rare exotic leather, the Paris-based brand has no shortage of fashion fanatics willing to devote some $20,000 to the cause. Thing is, Hermèsâs limited-edition runs mean anyone willing to forfeit a mortgage for accessories joins a guarantee-free waiting list. So Hermès has been able to make the luxe bags and scarves more expensive, confident that shoppers will pay up when status and bragging rights are on the line. And pay up, they did: sales were a more-than-expected 18% richer last quarter from the same time the year before. Hermès returned the favor by granting investors a one-time $10 dividend, enough to afford a small piece of wrapping paper from one of the chic stores. Why should I care? Zooming out: Hermès is always in Vogue. Hermès is in an enviable position â and weâre not talking about the beautiful streets of Paris. Realistically, any rich competitor with the right connections could rival the firmâs craftsmanship. They wonât have the Hermès name tag, though, which carries nearly 200 years of pedigree. So unless the height of fashion falls out of fashion, the worldâs richest will want a piece (or three) of that heritage. No wonder Hermèsâs stock commands a price almost as punchy as its Birkins, especially after scrubbing up by 15% this year. For markets: Your mascaraâs running. Mind you, not every high-end brand has the prestige of Hermès. Cosmetics companies like Estée Lauder and LâOreal usually lean heavily on the luxury-loving Chinese market to bring home the guanciale. So now that the countryâs shoppers are on drugstore budgets, wary of the second-biggest economyâs financial problems, LâOreal was forced to report less-than-desirable quarterly results on Thursday. You might also like: [This is Chinaâs not-so-dirty secret about growth](. Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=The Might Of Luxury&utm_campaign=daily-global-10-02-2024&utm_source=email) Analyst Take
From Warren Buffett To The Ivy Leagues: Six Simple Portfolio Strategies, Ranked [From Warren Buffett To The Ivy Leagues: Six Simple Portfolio Strategies, Ranked]( By Theodora Lee Joseph, CFA, Analyst There are hundreds of [portfolio strategies]( out there, from the very simple to the extremely complex. Whether youâre looking to get started investing or just want to give your portfolio a refresh, Iâve pulled out [six simple approaches]( that are well worth a look. And to make it easier for you to decide, Iâve [compared]( them head-to-head. Thatâs todayâs Insight: [six simple portfolio strategies, ranked](. [Read or listen to the Insight here]( SPONSORED BY IG Peek into IGâs watchlist of AI stocks and ETFs [Artificial intelligence]( has gone from a sci-fi concept to a widely used tool in a matter of months. And with the technologyâs capabilities expanding exponentially, the number of workers, companies, and whole industries relying on the tech is only going in [one direction](. But thatâs the obvious stuff. Itâs not just healthcare and carmakers using AI to change their businesses: the tech is revolutionizing the behind-the-scenes production of computer chips too. So unless you have the net worth of Bill Gates, making you able to invest in just about every company that touches the tech, you might struggle to pick [the few with the highest potential](. Luckily, IG has found the needles in the haystack: [check out the round-up of the best AI stocks and ETFs to watch now](. DisclaimerYour capital is at risk. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. One In A Billions [One In A Billions] Whatâs going on here? OpenAIâs December [revenue]( put it on course to bring in $2 billion a year, a major milestone that puts the ChatGPT creator in the history books â and not for destroying humanity (yet). What does this mean? OpenAI is, ironically, not the most forthcoming with information. But on Friday, two loose-lipped sources pushed back the veil of ignorance, as head honcho Sam Altman would say. They revealed that OpenAIâs ârun rateâ â the amount a firm would make if every month was the same â was $2 billion based on Decemberâs figures, making it one of only a few tech firms to hit the $1 billion-plus mark in their first five years. That adds up: plenty of the biggest US firms already rely on OpenAIâs ChatGPT service to save time, make more money, and plan vacation itineraries. A cozy relationship with Microsoft, the biggest company in the world, wonât have hurt either. Why should I care? For markets: The chips are up. Big Techâs recent results were essentially marketing campaigns for AIâs money-making abilities. Microsoft, Amazon, and Google all made more from their cloud businesses than the year before, with their customers pouring money into super-smart solutions. Nvidia hasnât announced its results yet, but with semiconductor companies like ASML and Arm already benefiting from the AI sector, last yearâs market standout will be expected to stick to the tone. Mind you, with OpenAI floating ambitions of producing next-level chips itself, competition might be heating up. The bigger picture: Chuck the Versace glasses. When theyâre not checking out the price of underground bunkers, AI skeptics are warning that the furor looks eerily similar to the tech bubble of 1999. Thereâs one key difference, though. Back then, investors snapped up anything with âdot-comâ in its name, regardless of sales or profit. Todayâs runaway companies, in comparison, are practically bleeding profit. So while 1999âs vintage was chronically unstable, todayâs tech firms really have legs. You might also like: [This big issue could have Big Tech running into a wall](. Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=One In A Billions&utm_campaign=daily-global-10-02-2024&utm_source=email) ð¬ Quote of the day "If you could kick the person in the pants responsible for most of your trouble, you wouldn't sit for a month." â Theodore Roosevelt (an American politician) [Tweet this]( ð Be in the right place at the right time. And by right place, we mean right here. [Promote Your Brand]( SPONSORED BY PROSPER Diversify your portfolio â and feel good for it Since 2005, [Prosper]( has been introducing US investors to peer-to-peer lending. Through Prosper, individuals can invest in personal loans to help everyday Americans pay off debt, healthcare, home expenses, and so on. In return, they receive monthly passive income as borrowers repay their loans. You donât need to be a millionaire, either: you just need a low minimum investment and an account to get started. Once youâre set up, you can [pick from a wide range of loans](. Or if youâd rather take a lower maintenance approach, you can turn on Prosperâs [Auto Invest and Recurring Invest features](, which invest based on your pre-set parameters. So far, Prosper has helped over 1.4 million everyday Americans advance their financial well-being. [Now you can join the mission](. [Find Out More]( Investment is made through borrower payment dependent notes (âNotesâ) tied to the underlying personal loan and offered pursuant to a [Prospectus]( filed with the SEC. Notes are not guaranteed or FDIC insured, and investors may lose some or all of the principal invested. Investors should carefully consider the risks, uncertainties, and other information described in the Prospectus before investing. Investors should consult their financial advisor if they have any questions or need additional information. Nothing on this page is intended to be investment advice. Prosperâs investment platform is only available in certain states in the United States. Investors in certain states may also be subject to financial suitability requirements.
Prosperâs investment platform is only available in certain states in the United States. Investors in certain states may also be subject to financial suitability requirements. When you support our sponsors, you support us. Thanks for that. ð¯ On Our Radar 1. Bard, we hardly knew you. Google introduced the world to [Gemini](. 2. Super Bowl Sunday, sorted. Hereâs every [dip recipe]( you need before you crack open a cold one. 3. Thereâs power in numbers. [40 iconic women]( turned up at Vogueâs doors. SPONSORED BY HEALTHWORDS.AI [HEALTHWORDS.AI]( When you support our sponsors, you support us. Thanks for that. ð Finimize Live 𤩠Coming Up Soon... All events in UK time. ð [The Rise of AI-Driven Healthcare Investments](: 5pm, February 13th
ð° [The Inevitable Future of Cryptocurrency](: 5pm, February 20th
ð [Unlocking Trading Opportunities In 2024](: 1pm, February 26th
ð® [Future-Proof Your Portfolio With Artificial Intelligence](: 5pm, February 27th â¤ï¸ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} ð Weâd love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: dall-e | dall-e Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails ð´ Crafted by Finimize Ltd. | 280 Bishopsgate, London, EC2M 4AG All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](