W

Luxury stocks rally on Richemont sales beat — but the sector still needs China, says analyst

Business Management
Share
Luxury stocks rally on Richemont sales beat — but the sector still needs China, says analyst

The luxury company that owns Cartier reported a 20% increase in sales year-on-year, boosting its stock.

Luxury stocks rally on Richemont sales beat — but the sector still needs China, says analyst

Source：MarketWatch

Disclaimer：Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Canadian ‘crypto king’ case to go to jury as criminal trial winds down

Aiden Pleterski, facing fraud charges in Canada over his alleged role in a digital asset Ponzi scheme, said that he was innocent at closing.…

Bitcoin-backed mortgages are coming to Canada, but borrowers are still unaware of the cost

Prospective borrowers face collateral liquidation risks if bitcoin prices drop, though APX said property and crypto collateral will be handled distinctly.…

Chipotle expects modestly higher sales this year as drive-thru ‘Chipotlanes’ come to more stores

The fastcasual chain says menuprice increases helped results. It also noted rising beef costs and “higher protein usage” as people try to find ways to pack…

ServiceNow’s stock slides as earnings miss clouds a raised AI outlook

Even with an uptick in multimilliondollar AI deals, ServiceNow’s earnings results weren’t enough to win over software skeptics Source：MarketWatch

Source：https://www.marketwatch.com/story/luxury-stocks-rally-on-richemont-sales-beat-but-the-sector-still-needs-china-says-analyst-75450032