Seeking Alpha

Europe-based analysts see the selloff in Burberry (BURBY.PK -19.0%) as a bit overdone in...

Europe-based analysts see the selloff in Burberry (BURBY.PK -19.0%) as a bit overdone in relation to the actual profit warning issued by the luxury-goods maker. To back their case, they note that a number of other European high-end sellers have been positive in the last weeks including LVMH (MAGOF.PK 0.0%) which backed its H2 forecast. If they're on to something, luxury names on this side of the pond may have sold off a bit harshly off of Burberry-centric news: COH -1.9%, RL -2.9%, WRC -0.7%, KORS -1.9%, TIF -1.3%.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs