Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Hermès shares tumbled the most on record after the Birkin bag maker’s sales growth slowed, hit by the disruption from the conflict in the Middle East like many of its peers in the luxury goods industry.
- Kering shares fall 9.1% after the French luxury group’s key fashion & leather goods unit fell short of expectations, dragged down by worse-than-expected Gucci sales.
- ASML’s raised full-year sales guidance confirms strong demand from chipmakers, but that has been anticipated by many investors ahead of the report, analysts said. Some see the assurance that at least 80 low-NA EUV tools expected to be delivered next year as a positive, though Barclays noted that some bullish estimates are even higher. The stock trades sideways at the open.