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LVMH shares experienced a 1.2% increase to EUR 609.40 after hitting a yearly low of EUR 578.80, following disappointing quarterly results. The stock must break above EUR 611.50 to improve its outlook, while a drop below EUR 600 could lead to further declines towards EUR 582.10 or lower.
The global Metaverse in Healthcare market, valued at $6.57 billion in 2022, is projected to reach $71.65 billion by 2030, growing at a CAGR of 35.4%. Key drivers include the rising adoption of mixed reality in surgeries and medical training, alongside significant investments in digital healthcare platforms. North America leads the market, facing challenges such as data privacy concerns and high costs of advanced technologies.
EssilorLuxottica reported third-quarter 2024 sales of €6,437 million, falling 2% short of forecasts, with a constant exchange rate growth of 4.0%. UBS maintains a Buy rating with a price target of €232, citing a strong start to the quarter and reassuring fourth-quarter forecasts despite a challenging environment. Concerns about margin expansion in the latter half of 2024 have been raised.
Carmignac has appointed six new members to its Board of Directors, including former UBS executive Paolo Federici, who previously led UBS Global Wealth Management in Italy. Other notable appointees include Alexander Leisten, Habib Achkar, Pascale Guillier, Rose Ouahba, and Christophe Peronin, enhancing the firm's leadership and expertise.
Art Basel Paris, debuting at the Grand Palais from October 18 to 20, is quickly becoming a key player in the European art fair scene, attracting 195 exhibitors despite a challenging market. The event features new sections and collaborations with luxury brands, appealing to a diverse audience, particularly Asian visitors. Amid rising costs and a cautious collector base, the fair embodies a unique allure, driven by passion rather than investment potential.
LVMH shares experienced a slight recovery, rising 1.2% to EUR 609.40 after hitting a new low of EUR 578.80 earlier in the week. The stock remains in a downward trend, with key resistance at EUR 611.50 and potential support at EUR 600, while further declines could test levels around EUR 567.00 and EUR 535.00.
The global big data healthcare market is projected to grow from $23.93 billion in 2023 to $28.98 billion in 2024, with a CAGR of 21.1%, reaching $61.91 billion by 2028 at a CAGR of 20.9%. Key growth drivers include the adoption of electronic health records and a shift towards value-based care. North America leads the market, while Asia-Pacific is expected to be the fastest-growing region.
EssilorLuxottica, formed in 2018, is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical frames, and sunglasses. The company combines advanced lens technology with iconic eyewear craftsmanship, featuring renowned brands like Ray-Ban, Oakley, Varilux®, and Transitions®. Its extensive distribution network includes Sunglass Hut and Lenscrafters.
UBS has maintained a 'Buy' rating for EssilorLuxottica, setting a target price of 232 euros, following the eyewear group's quarterly sales figures. Analyst Robert Krankowski expressed concerns about the disappointing results, which may impact the anticipated margin increase in the second half of the year. As of the latest trading, EssilorLuxottica's stock was down 1.25% at €213.60.
UBS has assigned a "buy" rating to EssilorLuxottica with a target price of 232 euros following the eyewear group's quarterly sales figures. Analyst Robert Krankowski noted that the disappointing results raise concerns about the anticipated margin increase in the second half of the year.
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LVMH shares show signs of recovery after recent price drop
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