Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.
Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.
Strong bank earnings failed to sustain a rally on Wall Street, but stocks in Europe and Asia pushed higher. European and Asian indices gained after Wednesday's Wall Street rally.
we report that there might be potential disposals of underperforming brands in Richemont's portfolio. Still, we believe this might be seen as a positive catalyst by Wall Street analysts.
Richemont, whose brands include Cartier and ... is published independently from Dow Jones Newswires and The Wall Street Journal. Morningstar Research Services’ chief market strategist Dave ...
Analysts fell to the sidelines weighing in on Compagnie Financiere Richemont SA (CH:CFR – Research Report), Taylor Wimpey (GB:TW – Research
European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by weak Chinese demand.
Companies in the S&P 500 appear increasingly focused on tariff policies under President Donald Trump, a point of potential volatility for the U.S. stock market, according to a research note from Citigroup.
In other words, Wall Street just might be one of the few institutions in America capable of constraining Trump, who has bent the Republican Party to his will, pushed the Democratic Party aside and exerted influence on the bureaucracy, the judiciary, corporations, the news media and other power bases.
Minot Light Capital, an investment management firm, recently released its fourth-quarter 2024 investor letter. A copy of the same can be downloaded here.
Here’s a surprising new fact about the world’s largest and most-liquid public equity market: Most of the activity on it isn’t public anymore.