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Luxury Stocks Getting Hammered Tuesday

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the markets.

  • Duration 1:45
  • Date

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This transcript is automatically generated

Change a -- at all.

But over rates a luxury retailers on the -- Julia shares down big wide -- a London based luxury retailer but obviously a global company.

They gave a profit warning -- which obviously is at the lower and the estimates for their full year profit numbers and so the stock is getting hammered down 21%.

Its biggest drop.

Since the IPO back in 2000 to use our top economy is -- the luxury of what that's the point -- -- are they saying that all luxuries that the whole luxury -- is gonna take it because I think Ralph Lauren is down a little bit -- may -- in sympathy perhaps.

Yes you are right on number one news and the SP 500.

And all of the analysts have come out across the board this morning and for every themselves sent -- note that this -- very quickly.

To say that it's not just us it's the luxury market you know the back to school season here in the states everybody went and -- exactly what they needed.

But they're not hitting.

The luxury stores in the united Ralph Lauren is down in sympathy but they'll -- wants to watch LVMH we heard from recently -- the time they talked about a tough go of it and then I and that.

There 175 year old company wasn't able to give there forecast because of uncertainties.

-- -- -- -- -- -- Run by them on -- -- the richest man in France who is now applying for a Belgian passport because he doesn't -- -- pay 75%.

Marginal tax rate on his money.

But I digress by technical.

Your wealth of information like that very good that -- quickly show to the big board because it is a rally 72 points -- Is a great expectation that Ben will print and Mario will print -- the German -- will say okay to all of that's that's what.

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