LVMH Shares Fall as Luxury Sector Growth Normalizes
LVMH’s in-line sales increase indicates a shift in luxury sector growth, leading to stock decline and questions about future earnings.
Earnings
Rio Tinto Reports Lowest Underlying Earnings in Three Years and Cuts Dividend Amid Iron Ore Price Pressures
Rio Tinto reports lowest first-half earnings in three years due to easing iron ore prices, announces dividend cut. Cautiously optimistic about China’s economy.
European Consumer Products Makers Face Challenges Amid Rising Costs and Slowing Sales
Major European consumer goods companies, including Unilever and Reckitt, have managed high input costs by raising prices, but investors seek more innovation to counter declining sales volumes.
Barbie Movie Release May Boost Mattel’s Sales, but Wall Street Remains Cautious
The release of the Margot Robbie-starrer “Barbie” movie is expected to provide a short-term boost to Mattel’s doll sales, but analysts remain skeptical about sustained growth.
European Carriers Set to Reap Earnings as North American Tourists Fuel Travel Demand
European airlines, including Air France-KLM, Lufthansa, and British Airways-owner IAG, are expected to see healthy earnings as North American tourists travel to Europe after prolonged pandemic lockdowns.
“Analysts Raise Price Targets for Meta Platforms Inc (META) Ahead of 2Q23 Earnings”
Analysts are optimistic about Meta Platforms Inc (META) as they raise price targets and maintain positive outlooks. Strong engagement trends, improved ad performance driven by AI, and product catalysts like Reels contribute to the positive sentiment.
Earnings Expectations and Results for Bank of America, Novartis, Morgan Stanley, Masimo, and Lockheed Martin
Stay informed about the latest quarterly earnings reports from major companies such as Bank of America, Novartis, Morgan Stanley, Masimo, and Lockheed Martin.
“Market Sentiment Remains in Extreme Greed Zone as Dow Jones Extends Gains”
The Fear & Greed Index from CNN Money indicates “Extreme Greed” in the market, while the Dow Jones continues its winning streak with strong earnings from major banks.
Stock Market Surges on Interest Rate Hike, Jobs Report, and Key Earnings
The stock market saw a significant surge this week as investors processed the latest interest rate hike from the Federal Reserve, impressive January jobs report, and key earnings from companies such as Facebook’s parent company, Meta Platforms, and Peloton.
