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Richemont Climbs, Puig Falls, Evonik Downgrade | Stock Movers
Posted
May 22, 2026
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May 22, 2026
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4:46Now PlayingToday's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Richemont gains 2.30% after the Cartier owner reported sales at constant exchange rates for the full year that beat the average analyst estimate. The Swiss luxury group’s earnings print is commended by analysts for its resiliency despite substantial Middle East exposure.
- Puig plunged on Friday following the collapse of a proposed combination with Estee Lauder Cos. that would have created one of the world’s largest fragrance and skincare companies.
- “Sector blues” are set to return for European chemicals, JPMorgan writes in a note downgrading Arkema, Evonik and IMCD to underweight, cutting Lanxess to neutral, and upgrading Clariant to overweight.
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Richemont Climbs, Puig Falls, Evonik Downgrade
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