We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.
· 2d · on MSN
Richemont stock is surging by the most ever. Other luxury plays are jumping too.
European Midday Briefing: Luxury Stocks Soar After Richemont Update
Luxury stocks were among the top gainers after a better-than-expected sales update from Cartier owner Richemont that eased investor worries about the industry's outlook. Semiconductor stocks in Asia and Europe were also on the rise after TSMC guided for robust sales growth this year on strong artificial-intelligence demand.
· 2d
European equities rise overall as TSMC guides strong and Richemont gives luxury stocks a surge
Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
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Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
It’s taken LVMH nearly a year-and-a-half to regain its spot as Europe’s biggest stock from Novo Nordisk A/S.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci,
Oppenheimer raised the firm’s price target on Bank of America (BAC) to $55 from $54 and keeps an Outperform rating on the shares. Bank of
The British 10-year gilt yield retreated for the second day, letting the British government breath a sigh of relief – especially after yesterday’s GDP data showed that the UK economy hasn’t expanded – at all – under the new Labour government.
The drop in Apple shares Thursday broke a three-day winning streak for the S&P, despite big banks posting upbeat earnings.
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.
Morgan Stanley beats earnings expectations amid strength in its equity and bond businesses. Bank of America sees revenue rise across the board in upbeat sign for year ahead Bank of America CEO Brian Moynihan said the bank turned in a "strong" fourth quarter, CEO says. UnitedHealth Revenue Falls Short, Sending Shares Lower The company's shares fell in premarket trading following the healthcare firms first earnings since the killing of executive Brian Thompson. Target's stock soars as holiday sales show rebound from third-quarter doldrums Target's stock soared 3.7% early Thursday, after the retailer raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events. Cartier Owner Richemont's Sales Beat Buoys Luxury Stocks Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods. Stellantis Car Deliveries Weighed by U.S. Inventory Cuts Stellantis vehicle deliveries fell 9% in the fourth quarter of 2024 as the Jeep and Ram-maker took action to reduce excess inventory in the U.S. This Hedge Fund Created an Excel on Steroids The need to analyze an overwhelming influx of stock data-and to do it fast-pushed Man Group to become its own kind of tech company. Google Thinks It Has the Best AI Tech. Now It Needs More Users. Tired of trailing OpenAI, Chief Executive Sundar Pichai wants his Gemini chatbot to be used by 500 million people. TSMC Expects Continued AI-Driven Growth After Ending 2024 Strong The company's chief executive said revenue from AI-related servers and processors is expected to double in 2025 after more than tripling last year We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
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