W3Schools

The 4 luxury retail stocks best suited to fend off a slowdown in China

Investors concerned about Chinese consumption in the luxury retail sector could look closer at the four companies most likely to withstand contraction in this huge market, say HSBC analysts: Hugo Boss AG, Tiffany & Co., Tapestry Inc. and Michael Kors Holdings Ltd.

In its most recent earnings report Hugo Boss BOSS, -0.86% said it expected sales growth to accelerate in 2018. HSBC upgraded Hugo Boss to buy from hold last month based on the strength of its sportswear brand, among other factors.

Tiffany TIF, -2.38% shares took a tumble last week after LVMH Moet Hennessy Louis Vuitton SE LVMH, +0.86% commented on slowdowns in China and Japan.

>>> Original Source <<<

Comentários