Swatch Group AG ADR (SWGAY) - OTCPK - Current
  • Thu, Jul. 21, 4:18 AM
    • Helped by cost-control measures, Unilever (NYSE:UL) posted a profit rise and said it's ready for challenges ahead.
    • Swatch (OTCPK:SWGAY) expects a recovery in the second half after net profit plunged 52% in H1.
    • Roche (OTCQX:RHHBY) confirmed its outlook for 2016 and reported results that exceeded expectations.
    • Driven by price and mix realization, SABMiller's (OTCPK:SBMRY) group net producer revenue grew 2% in Q1.
    • Lufthansa (OTCQX:DLAKY) cut its full-year profit target, saying "terrorist attacks in Europe" weighed on its bookings.
    • The fears also hit Easyjet (OTCQX:ESYJY), with shares under pressure after weak Q3 revenues.
    | Thu, Jul. 21, 4:18 AM
  • Fri, Jul. 15, 5:53 AM
    • Swatch -11.1% in Switzerland after issuing a preliminary H1 update.
    • Expects net sales -12% Y/Y due to decreased sales in important markets like Hong Kong and Europe.
    • Sees operating profit and net income down 50-60% Y/Y "obviously due to the decrease in sales but also to the tradition and the industrial long term philosophy of the Swatch Group to consider its employees not just as a cost factor but to keep them (also in spite of important cancellations of orders from third parties), to maintain investments in new products and marketing and to pursue a defensive price increase policy."
    | Fri, Jul. 15, 5:53 AM | 2 Comments
  • Aug. 11, 2015, 10:00 AM
    • The currency devaluation fired off in China is hitting select consumer goods and services stocks.
    • China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
    • Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
    • Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
    | Aug. 11, 2015, 10:00 AM | 2 Comments
  • Jan. 15, 2015, 8:40 AM
    • "Words fail me," says Swatch (OTCPK:SWGAY) CEO Nick Hayek. "Today's SNB action is a tsunami; for the export industry and for tourism, and finally for the entire country." Swatch is lower by 15.75% in European action.
    • Previously: Swiss shares crater after SNB abandons cap on euro (Jan. 15)
    • A sampling of others: Cement maker Holcim (OTCPK:HCMLY) is down 11.2%, Novartis (NYSE:NVS) is down 9%, Roche (OTCQX:RHHBY) is down 7.9%, Credit Suisse (NYSE:CS) is down 11.7%, and UBS (NYSE:OUBS) is down 10.8%.
    • The good news for ADR players is that's all action in Switzerland. Thanks to the franc's now 13.5% gain, the ADRs trading in the U.S. are likely all to be higher.
    | Jan. 15, 2015, 8:40 AM | 12 Comments
  • Jan. 9, 2015, 11:04 AM
    • Another tough day for luxury retail stocks as more concerns on pricing trends build up.
    • Consulting firm Bain isn't helping sentiment, noting the luxury sector in China showed negative growth (-1%) for the first time in 2014. An ongoing crackdown by Beijing on corruption is in the background.
    • Michael Kors (KORS -1.7%), Ralph Lauren (RL -2%), Kate Spade (KATE -3.2%), Fossil (FOSL -1%), Vera Bradley (VRA -2%), and Coach (COH -2.2%) are all under-performing market averages.
    • Related ETFs: PEJ.
    | Jan. 9, 2015, 11:04 AM | 1 Comment
Company Description
Swatch Group is an international group active in the design, manufacture and sale of finished watches, jewelry, watch movements and components.<br /><br />Swatch Group supplies nearly all components required by its nineteen watch brands, and Swatch Group companies supply movements and components... More
Industry: Apparel Stores
Country: Switzerland