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Bitcoin is experiencing a surge at the start of the year, approaching the significant $100,000 mark as investors anticipate Donald Trump's inauguration. His promises to bolster the crypto industry, including potential strategic Bitcoin state reserves, have heightened expectations. However, while the psychological barrier of $100,000 is in sight, investors should remain cautious of profit-taking risks, with $90,000 as a critical support level.
US-based spot Bitcoin ETFs are nearing $110 billion in cumulative holdings, with BlackRock's iShares Bitcoin Trust ETF leading the market, holding over 542,000 BTC valued at $51.5 billion. Analysts predict Bitcoin could reach $200,000 by 2025, driven by institutional adoption and market dynamics, despite facing resistance around $97,600 and $99,000.
UBS analysts have lowered their iPhone sales projections for the December quarter, reducing unit estimates from 82 million to 77 million and revenue expectations from $69.7 billion to $67.2 billion, reflecting a 4% year-over-year decline. Despite this, strong App Store performance is expected to boost services revenue by 1%. Apple's fundamentals remain solid, with a gross profit margin of 46.2% and a valuation of $3.79 trillion, supported by strategic advancements in AI and global partnerships.
The DAX 40 index is nearing the 20,000 points mark, but lacks strong momentum as poor economic data from China weighs on investor sentiment. Attention is shifting to upcoming US economic indicators, including weekly unemployment claims and the ISM manufacturing index, with Non-Farm Payrolls due next week.
Solana's price surged over 10% to exceed $200 after a $55 million transfer from Pump.fun to Kraken, following a dip to $189 earlier in the day. The memecoin platform has exerted significant sell pressure on Solana, depositing over $303 million and selling more than $41 million worth of SOL in 2024.Anticipation for a U.S. spot Solana ETF is growing, with a 76% likelihood of approval, potentially driving prices to $400 by 2025. Major asset management firms are competing for ETF approval, with deadlines approaching for several applications.
UBS analysts have maintained a neutral stance on Apple Inc., setting a price target of $236.00 amid revised lower iPhone unit expectations, forecasting 74 million units and $67.2 billion in revenue for December, down from previous estimates. Despite a year-over-year decline in iPhone sales, a slight increase in Services revenue offers some mitigation, though overall revenue projections for the quarter have been reduced to $120.8 billion, below consensus expectations. Meanwhile, Apple is exploring AI advancements and potential collaborations with Tencent and ByteDance to enhance its market position in China.
UBS analysts have maintained a neutral stance on Apple Inc., setting a price target of $236.00 amid revised lower iPhone unit expectations due to an 8% year-over-year decline in November sales. The adjusted forecast anticipates 74 million units and $67.2 billion in revenue for the December quarter, reflecting a 4% decrease from last year. Despite this, a slight increase in 'Services' revenue offers some mitigation, though overall revenue expectations have dropped to $120.8 billion, below consensus estimates.
UBS has maintained a Neutral stance on Apple Inc., reiterating a $236 price target amid revised iPhone sales expectations. Analysts noted an 8% year-on-year decline in iPhone sell-through in November, leading to lowered forecasts for unit sales and revenue for the December quarter, now expected at $120.8 billion. Despite this, Services revenue has been adjusted upwards due to strong App Store performance, partially offsetting the impact of weaker iPhone sales.
Compagnie Financière Richemont SA, a leader in luxury products, generates net sales primarily from jewelry (69.1%), luxury watches (18.3%), and other items (12.6%). Sales distribution includes retail (69%), wholesale (25.1%), and online (5.9%), with significant revenue from China (26.1%) and the United States (18.9%).
Ferrari N.V. receives a Buy rating from UBS, with its operations centered on luxury sports vehicle manufacturing, which accounts for 85.8% of net sales. The company also produces car engines for Maserati and engages in various sponsorship and financial services, with significant sales in the U.S. (25.7%) and Europe/Middle East/Africa (21.9%).
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Bitcoin approaches 100000 as investors anticipate Trump's inauguration and policies
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ubs moderates apple stock outlook amid declining iphone sales expectations
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ubs lowers apple stock outlook amid declining iphone sales forecasts
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richemont's luxury sales driven by jewelry and strong global presence
COMPAGNIE FINANCIERE RICHEMONT SA
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Chloe
Hamish Purdey
Giampiero Bodino
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10:09 02.01.2025
Ferrari receives buy rating from UBS amid strong luxury vehicle sales
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