Movado Group, LVMH, Burberry: Stocks in focus

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Morning Brief co-hosts Brad Smith and Madison Mills breaks down the day's top trending tickers.

Movado Group (MOV) shares are trading lower following the release of its second-quarter earnings report. The watchmaker's full-year outlook fell short of investor expectations, with the company citing challenging consumer conditions as a key factor impacting its projections.

LVMH Moët Hennessy Louis Vuitton (MC.PA) stock is under pressure after Morgan Stanley lowered its price target on the luxury goods giant. The firm pointed to further deterioration in the Chinese market as the primary reason behind this downward revision.

Meanwhile, Burberry Group (BRBY.L) stock is rebounding after a recent sell-off. The British luxury fashion house had faced downward pressure following news of its exclusion from the FTSE 100 index on the London Stock Exchange.

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This post was written by Angel Smith