Previous close | 74.04 |
Open | 71.30 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 71.30 - 71.30 |
52-week range | 71.30 - 74.04 |
Volume | |
Avg. volume | 0 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Coming off a "hype watch"-fueled 2023, luxury Swiss watch giant Rolex is taking a step back with some toned-down debuts for 2024, mirroring a watch market that’s returning to normalcy.
As the holidays approach, if you are in the market for a luxury Swiss watch now might be your best time to buy. Subdial, a watch industry data provider, reported that its Bloomberg Subdial Watch Index fell again for the month of November to a new two-year low.
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.