Investing.com — Shares of Kering (EPA:) fell on Tuesday following a downgrade from Goldman Sachs, revising the luxury conglomerate’s rating to “sell.” At 3:51 am (0750 GMT), Kering was trading 2.9% lower at €249.50. The downgrade reflects concerns over Kering’s flagship brand, Gucci, which has struggled to maintain its momentum in recent years. After a period of stellar growth between 2016 and 2019, Gucci has faced headwinds since 2020, and despite efforts to reverse market share decline, the results have yet to stabilize. The downgrade is largely driven by concerns about weaker-than-expected growth in China, a key market for luxury…
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Stock market volatility comes and goes, but the key to building wealth in the stock market is staying focused on a company’s growth. If you hold shares of a growing company, you’re almost certain to earn great returns over time.Here are two stocks that are on track to deliver outstanding returns to patient investors.1. CarnivalCarnival (NYSE: CCL) is the leading cruise operator in the world, and the strong demand trends continue to point to a lucrative investment opportunity. Carnival achieved record revenues, operating income, customer deposits, and booking levels in Q2.Despite the strong quarter, the stock has been rangebound in…
Image source: Getty Images In my opinion, the directors of Next (LSE:NXT), the FTSE 100 clothing, homewares and beauty products retailer, are experts when it comes to managing the expectations of investors. That’s because, since the start of 2023, the company’s issued eight separate earnings upgrades, which have helped push the share price 68% higher. Now, it might be a case of simply under-promising. Or it could just be that the group continues to outperform its directors’ own modest forecasts. Either way, earnings are clearly going in the right direction. A wolf in sheep’s clothing The Economist recently described Next…
PARIS–(BUSINESS WIRE)–Regulatory News: Rémy Cointreau (Paris:RCO):Capitalised terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions of the bonds (the conditions). Pursuant to the conditions, notice is hereby given to bondholders that, as result of the dividend of €2.0 per share, payable from October 1, 2024, to holders of record on July 25, 2024, in accordance with conditions 15.7.2, the calculation agent has determined the new conversion/exchange ratio shall be adjusted from 1.030 (one and 30 thousandths) to 1.036 (one and thirty-six thousandths), effective October 1, 2024.Société anonyme au capital de…
Sumit Dhawan, CEO of Proofpoint, took the reins as head of the cybersecurity company in 2022, a year after it was acquired by Thoma Bravo for $12.3 billion. He’s been pushing the firm to consider strategic opportunities such as mergers and acquisitions of smaller cybersecurity players to boost the company’s market expansion and stimulate industry consolidation.ProofpointLONDON — Privately-held cybersecurity firm Proofpoint is exploring tapping external investors for pre-IPO financing and the consideration of mergers and acquisitions of smaller cyber companies as it seeks a return to public markets in 2026, CEO Sumit Dhawan told CNBC.”We are looking at potentially exploring…
Hedge funds have become an integral part of institutional portfolio management. They constitute some 7% of public pension assets and 18% of large endowment assets. But are hedge funds beneficial for most institutional investors? To answer that question, I considered performance after fees and compatibility with institutional investors’ long-term investment goals. I found that hedge funds have been alpha-negative and beta-light since the global financial crisis (GFC). Moreover, by allocating to a diversified pool of hedge funds, many institutions have been unwittingly reducing their equity holdings. So, while my answer is no, hedge funds are not beneficial for most institutional…
Image source: Getty Images. Premium content from Motley Fool Share Advisor UK Investors with a more conservative desire might find the Ice style appealing. By focusing on businesses that have shown consistent financial performance and growing dividends, we seek to beat the market with a mix of income and steadily rising share prices. We consider this to be a lower-risk investing strategy than Fire, but company and industry specific risks mean diversification remains important. Ice investing can generate large, short-term gains on occasion, but we’re primarily seeking steady gains over time, and shallower declines during wider stock market falls. These…
Chip Somodevilla/Getty Images; BIUS stocks rose to records on Monday after Federal Reserve Chair Jerome Powell’s commented on the economy.Powell emphasized the economy’s strength and recalibrated interest rate cut expectations.Investors are also eyeing key employment data releases this week for further market direction.US stocks rose on Monday, with the Dow and S&P 500 closing at record highs as investors digested new comments from Federal Reserve Chairman Jerome Powell.All three major indexes moved higher in late trading following Powell’s comments about the strength of the US economy.”This is not a committee that feels like it’s in a hurry to cut rates…
The Tucker 48, a revolutionary vehicle designed by Preston Tucker in 1948, is one of the most iconic and elusive cars in American automotive history. With only 51 units ever produced, including a prototype, the Tucker Torpedo remains a rare and highly sought after collectible. Penned by renowned designer Alex Tremulis, who also worked on cars for Cord, Duesenberg, GM, and Ford, the Tucker 48 introduced a host of innovative features that were far ahead of their time. A center mounted headlamp that could illuminate corners, a perimeter frame for enhanced safety, a roll bar integrated into the roof, a…
(Reuters) – Activity in Russia’s manufacturing sector contracted for the first time in more than two years in September, a business survey showed on Tuesday, driven by declines in output levels, new orders and employment. The S&P Global Purchasing Managers’ Index (PMI) for Russian manufacturing fell to 49.5 from 52.1 in August, moving below the 50 level that separates expansion and contraction for the first time since April 2022. “The decrease in production was linked to subdued demand conditions and supplier delivery delays which led to input shortages and hampered output,” S&P Global said in a statement. Russia’s significant spending…