Streetbeat News

HESAY

Hermes International

https://finance.hermes.com/en

Industry

All Other Leather Good and Allied Product Manufacturing

Open

238.40

Mkt cap

249B

Volume

4.3K

High

239.62

P/E Ratio

53.63

52-wk high

264.80

Low

237.79

Div yield

0.01

52-wk low

194.29

Hermès demonstrates resilience with healthy revenue growth despite China's economic slowdown, outperforming peers like LVMH and Kering. Stimulus measures in China and growth in Europe and Japan could further benefit Hermès.

Portfolio Pulse from

November 28, 2024 | 9:00 am

Steve Auth from Federated Hermes believes that Trump's trade policies will enhance inbound investments and improve exports, positively impacting U.S. markets.

Portfolio Pulse from

November 22, 2024 | 8:30 pm

Hermes, known for its exclusivity and prestige, remains resilient against market slowdowns, appealing to ultra-wealthy clients. The brand plans to expand production to meet demand while maintaining exclusivity. Despite trading at a premium, Hermes offers stable, long-term growth with a potential 10% annual return.

Portfolio Pulse from

November 19, 2024 | 12:30 pm

The luxury market is at a critical turning point, with high-end brands like Hermès and Ferrari expected to outperform, while aspirational brands like LVMH and Burberry face challenges. Tema Luxury ETF is positioned cautiously, holding cash for potential dip-buying opportunities.

Portfolio Pulse from Piero Cingari

October 19, 2024 | 4:00 pm

China's Q2 2023 economic growth of 6.3% YoY missed the market's projected 7.3% rise, causing a negative impact on U.S.-listed Chinese equities and sectors linked to Chinese growth. Commodities like copper, gold, and silver fell, while Chinese ADRs Tencent Music Entertainment Group (TME) and PDD Holdings (PDD) declined by 5% and 3% respectively. Alibaba Group Holding Ltd. (BABA) and JD.com, Inc. (JD) limited their losses to 1.6% and 0.8% respectively. European luxury stocks and materials and mining sector stocks also experienced declines.

Portfolio Pulse from Piero Cingari

July 17, 2023 | 3:09 pm

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