Hermes beats sales expectations, sees positive signs in China

Paris: Hermes, whose handbags sell for $10,000 and more, on Thursday reported stronger than expected fourth-quarter revenue growth, lifted by strong sales in the United States and Japan. Thanks to its ultra-wealthy clients and large order backlog, the group has weathered a luxury sector slowdown better than most of its rivals, consistently increasing revenue while […]

Sushovan Nayak sees short-term AI jitters, long-term opportunities for IT giants

Indian IT stocks have felt pressure recently as global developments in artificial intelligence spark fresh concerns among investors. News of China ramping up its AI innovation, coupled with new product launches from international AI platforms, has triggered a wave of sentiment-driven selling in the sector. Speaking to ET Now, Sushovan Nayak from Anand Rathi highlighted […]

Citizens Sees Improving Visibility for LGI Homes, Inc. (LGIH) Ahead of Q4 Results

We recently published an article titled 10 Best Affordable Housing Stocks to Buy.  On January 7, Citizens analyst James McCanless raised the firm’s price target on LGI Homes, Inc. (NASDAQ:LGIH) to $95 from $85 and reiterated an Outperform rating after assuming coverage of the stock. The analyst highlighted several near-term catalysts, including the company’s monthly […]