Wall Street might not always appreciate the romance of fashion — but if investors are good at anything, it’s poring over the numbers as they figure out just where to put their money.
companies showed an investor flight to relative safety, with big designer names and beauty getting top dollar alongside a few growing names still working toward profitability.
“The economy takes a dip, but yet luxury [sales] continue to increase,” Pedersen said. “Luxury specifically follows a path of its own, it’s on its own planet sometimes in terms of what those valuations look like.” LVMH gets 5.4 euros from investors for each euro of annual revenues, giving it a top valuation in fashion, by revenue multiple.
“Money that was in high-growth newer retail models has moved into multibranded holding companies, businesses that have historically been run very, very well,” said Matthew Katz, managing partner at SSA & Co. “They’re perceived as safer, having more consistent returns to investors as they look ahead to what could be a difficult time.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street ends higher, notches weekly gains as Fed meeting looms By Reuters*WALL STREET ENDS HIGHER, NOTCHES WEEKLY GAINS AS FED MEETING LOOMS - $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
Leer más »
Why Wall Street analysts are still optimistic about Southwest - Dallas Business JournalSouthwest reported a $220 million loss for the fourth quarter and expects to take another loss in the first quarter as a result of its operations meltdown in December.
Leer más »
Wall Street sends stocks to their highest levels since summerStocks closed higher on Wall Street Friday, establishing the market's third winning week of the last four and sending the S&P 500 index to its highest levels since summer.
Leer más »
Why Wall Street analysts are still optimistic about Southwest - Dallas Business JournalSouthwest reported a $220 million loss for the fourth quarter and expects to take another loss in the first quarter as a result of its operations meltdown in December.
Leer más »
These stocks reporting earnings this week usually top Wall Street estimates and rallyThere are plenty of stocks with a solid track record of beating earnings expectations and rising on results. Here are few on tap for next week.
Leer más »
Top Wall Street analysts like these stocks for maximum returnsTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Meta and Alphabet
Leer más »