Final Trading Day of 1H, Markets Jump on Inflation Data, Apple Hits $3T Valuation 6/30/23
Squawk on the Street
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Ferrari Stocks Hit All-Time Highs
Ferrari shares hitting an all-time high this morning again up more than 50% for the year it's market cap no over 60 billion dollars making it worth more than Ford or GM. The gross margin on a Ferrari is over 50% that's more than twice that of Tesla more like Louis Vuitton or Gucci than a car company. Try ordering their new SUV to put a song way you can't even get one until after 2026 unlike most cars for always gain value over time.
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