Europe's luxury stocks have room to rise, but becoming costly

Ongoing concerns of recession, an expected fall in earnings expectations, and sky-high inflation mean the potential returns on luxury stocks could be a boon in what promises to be a difficult year for stock-pickers.

These shares have more room to run higher as Chinese consumers hit the shops again and luxury companies flex their pricing power. But with valuations already fairly lofty, investors question how much higher they can go. But some analysts focused on the margins, taking some of the shine off the fourth-quarter sales boost. That said, it had little impact on the share price, which has risen by 600% in the last 10 years, compared with a 91% gain in the benchmark STOXX.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Short Sellers Feel the Pain in Stock Market’s 2023 RallyHighly shorted shares are racing past the S&P 500 this year, and short sellers are down by $81 billion. That’s not a bad thing. Good. Short selling is gambling greed. Perfect 👍 Short sellers should not exist. By law; anyone buying a stock must have it in their portfolio for at least one year. This planet would be completely better, different and fairer.
Source: WSJ - 🏆 98. / 63 Read more »

Jeremy Grantham warns of a massive stock market crash in 2023 outlookJeremy Grantham warns of a massive stock market crash and highlights what to own in his 2023 outlook. Here are the 7 best quotes. JAW boner There will be no crash. The fix has been in for twenty-years. The US equity market is a a scam. Until, it’s not. Weimer-era, here we come.
Source: BusinessInsider - 🏆 729. / 51 Read more »