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Compagnie Financière Richemont SA, a leading luxury goods manufacturer, generates 69.1% of its sales from jewelry, primarily through brands like Cartier and Van Cleef & Arpels. The company also specializes in luxury watches (18.3%) and other products (12.6%), with retail distribution accounting for 69% of sales. Geographically, China leads with 26.1% of sales, followed by the United States at 18.9%.
UBS has rated Compagnie Financière Richemont SA a 'Buy' with a target price of 150 francs. The luxury goods manufacturer generates 42.2% of its sales from jewelry, 31.1% from luxury watches, and 26.7% from other products, with a significant portion of sales coming from China (26.1%) and the USA (18.9%). Distribution channels include retail (69%), wholesale (25.1%), and online (5.9%).
UBS has upgraded Dana Holding's stock from Neutral to Buy, raising the price target from $11 to $18, driven by the anticipated $2.1 billion sale of its Off-Highway business and a $200 million cost-saving plan. Despite recent challenges, analysts forecast profitability and a potential increase in stock value, with Dana's market cap at $1.75 billion and a current trading price of $12.07. Other firms, including Deutsche Bank and Barclays, have also upgraded their price targets, reflecting confidence in Dana's strategic moves and financial outlook.
Softer inflation readings in the US and UK suggest potential shifts in monetary policy, with markets pricing in earlier rate cuts. This could benefit rate-sensitive sectors like technology and real estate, while the US dollar and British pound may face pressure as expectations build. However, risks remain, including the possibility of central banks maintaining hawkish stances longer than anticipated.
Blue Origin's New Glenn rocket successfully reached orbit on its first attempt, marking a significant achievement for Jeff Bezos's space company amid ongoing competition with SpaceX. Despite the success, the company lost the booster intended for reuse after the flight, which is crucial for future missions. The New Glenn, named after astronaut John Glenn, is designed to carry more satellites than SpaceX's Falcon 9 and will support Project Kuiper, aimed at providing broadband services to compete with Musk's Starlink.
Apple's smartphone shipments in China fell 17% in 2024, allowing Vivo and Huawei to surpass it as the top sellers, with market shares of 17% and 16% respectively. The overall market grew 4%, but Apple faced challenges from local brands and a decline in revenues, prompting efforts to enhance AI features. A new subsidy program may boost demand for smartphones, particularly benefiting domestic manufacturers.
UBS has raised its price target for JPMorgan shares to $287, maintaining a Buy rating due to the bank's strong financial performance and projected ROTCE of 19% in 2025. With a market cap of $710.79 billion and a P/E ratio of 14.07, JPMorgan has shown impressive returns and consistent dividend growth, positioning it favorably in the banking sector. Recent analyst ratings reflect confidence in the bank's resilience and growth potential amidst a positive economic outlook.
US companies are scaling back diversity, equity, and inclusion programs, while Meta faces scrutiny over its content moderation changes, including the removal of fact-checking. Despite these challenges, Meta's stock remains resilient, with analysts raising price targets amid a strategic workforce overhaul aimed at innovation.
Apple's market share in China's smartphone sector fell to 15% in 2024, down from 19% in 2023, as it faced fierce competition from domestic brands like Vivo and Huawei, which increased their shares to 17% and 16%, respectively. Apple's shipments dropped by 17%, marking its largest decline, while rivals capitalized on technological advancements and competitive pricing. Despite attempts to regain ground through price cuts and promotions, Apple struggled to compete with the innovative offerings of local brands, highlighting the challenges it faces in a rapidly evolving market.
Apple has lost its position as the top smartphone seller in China, with its market share dropping to 15% and iPhone sales declining by 25% in the last quarter of 2024. Local brands Vivo and Huawei have overtaken Apple, capturing 17% and 16% of the market, respectively. Analysts attribute Apple's struggles to the absence of AI features in its latest models and increasing competition, prompting the company to implement discounts and enhance trade-in options to regain market share.
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richemont maintains strong luxury goods sales across diverse global markets
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COMPAGNIE FINANCIERE RICHEMONT SA
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JPN
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Jean Piaget
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Henri Cartier-Bresson
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09:40 16.01.2025
ubs rates richemont a buy with target price of 150 francs
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COMPAGNIE FINANCIERE RICHEMONT SA
CHN
CHE
JPN
GBR
USA
Chloe
Jean Piaget
Hamish Purdey
Henri Cartier-Bresson
Giampiero Bodino
Roger Dubuis
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09:40 16.01.2025
ubs upgrades dana stock amid off-highway business sale plans
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apple loses smartphone market share in china to vivo and huawei
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ubs raises jpmorgan price target amid strong financial performance and outlook
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08:46 16.01.2025
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