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Luxury stocks take major tumble: LVMH, Kering, Richemont

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Luxury retail stocks, such as brands LVMH (MC.PA), Kering (KER.PA), and Richemont (CFR.SW), have fallen off tremendously, reversing their year-to-date profit gains. Morgan Stanley analysts have decreased the price targets for both Kering and LVMH, and additionally downgraded Richemont to an 'Equal Weight' rating. The luxury market is anticipated to face a slowdown in demand in the coming year. Yahoo Finance's Akiko Fujita and Rachelle Akuffo break down the details of the downturn in consumer luxury spending. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Here are three of the top TSX stocks long-term growth investors may want to consider adding to their portfolios to generate long-term capital gains. The post 2 TSX Stocks for a Legit Shot at $1 Million in 20 Years appeared first on The Motley Fool Canada.TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange : TC Energy Corp. . Energy. Unchanged, at $49.06 on 26.1 million shares. Canopy Growth Corp. . Healthcare. Up 15 cents, or 13.

97, or 2.37 per cent, to $85.10 on 10.5 million shares. Power Corp. of Canada. . Finance. Down 24 cents -- Oil’s rally continued to cool with investors in search of a new catalyst to support more buying.

 

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