Tema ETF Trust Tema Luxury ETF (ARCA: LUX)

에 대한 최신 뉴스 Tema ETF Trust Tema Luxury ETF (ARCA:LUX)

Luxottica Group

Luxottica Group, S.p.A.

NYSE

Consumer Cyclical

Other

Consumer Defensive

TEMA ETFs

The Tema Luxury ETF seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in common and preferred stocks of publicly listed companies that are contained within a recognized global luxury index, such as the S&P 500 Global Luxury Index or other comparable luxury index. Companies in the luxury industry can encompass the following types of providers of luxury goods and services: brand owners, manufacturers, distributors, wholesalers, retailers, technology providers, and online platforms. Products or services deemed of relevance to the luxury industry can include the following categories of luxury goods and services: apparel, leather goods, jewelry, watches, shoes, beauty, eyewear, automobiles, boats, aircrafts, hotels and buildings, food and beverage, furniture, homeware, and art. In this context luxury goods and services are defined as those having higher quality and craftmanship than the average product and service available to consumers and consequently sold at a premium price point and marketed to relatively high net worth consumers.

Financiere Richemont-dep Rec Depositary Receipt

Hermes International Sca

Viking Holdings Ltd

Hilton Worldwide Holdings, Inc.

Pernod Ricardard Sa Unspn Ar

Ferrari NV

Marriott International Inc

Mercedes-Benz Group AG

Prada Spa

Tema Luxury ETF

LVMH Dior shutter

Asia

Equities

Large Cap

Mid Cap

Specialty ETFs

Econ #s

Interview

ETFs

BURBY

CFRUY

HESAY

LVMUY

RACE

럭셔리 시장은 중요한 전환점에 있으며, 레거시 브랜드들과 에스퍼레이셔널(aspirational) 플레이어들 간의 뚜렷한 경계가 나타나고 있다고 테마(Tema) ETFs의 CEO인 마우리츠 팟(Maurits Pot)이 전했다.

독점: 테마 ETF의 CEO는 &#34;럭셔리 시장은 &#39;중요한 전환&#39;을 겪고 있다&#34;고 주장

Tema ETF Trust Tema Luxury ETF

LuxExperience B.V. American Depositary Shares, each representing one Ordinary Share

LuxExperience BV

Luxxfolio Holdings Inc

LUXXFOLIO HLDGS INC by LUXXFOLIO HLDGS INC

LUXURBAN HOTELS INC by LuxUrban Hotels Inc.

LuxUrban Hotels Inc

LUXURBAN HOTELS INC A PFD by LuxUrban Hotels Inc.

Listed Funds Trust Roundhill S&P Global Luxury ETF

The luxury market is at a critical turning point, with a clear divide emerging between legacy brands and aspirational players, according to Maurits Pot, <a href="https://www.benzinga.com/general/biotech/24/07/39656549/exclusive-glp-1-weight-loss-drugs-could-become-a-trillion-dollar-market-predicts-tema-etfs-ceo">CEO of Tema ETFs</a>.
In an exclusive interview with Benzinga, Pot emphasized that high-end brands like Hermès International SA (OTCPK: HESAY) and Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) — supported by loyal, affluent clients — are set to outperform, while more aspirational names such as LVMH-Moët Hennessy Louis Vuitton (OTCPK: LVMUY) and Burberry Group plc (OTCPK: BURBY) face greater vulnerability due to shifting consumer behavior and economic slowdowns in key markets like China and Europe.
&#8220;Luxury is going for a turnaround, and we're seeing a greater differentiation between true luxury and aspirational brands,&#8221; Pot said. 
With a number of companies underperforming — particularly LVMH, which recently reported disappointing results — Pot highlighted that these outcomes aren&#8217;t surprising given macroeconomic headwinds.
Pot stressed that investors should now focus on a clear divide between high-end brands and those catering to more discretionary spending.
<h3 class="wp-block-heading">China&#8217;s Stimulus Won't Save Luxury Outlook</h3>
When discussing the impact of Chinese fiscal stimulus, Pot expressed skepticism. He indicated that while there was initial excitement around potential boosts for the market, the real beneficiaries of government spending are likely to be industries more central to China&#8217;s economic priorities.
&#8220;I think the luxury sector got a premature boost from the China stimulus,&#8221; Pot said, &#8220;but ultimately not a boost that is really warranted.&#8221; 
He stressed that the Chinese government will likely prioritize domestic consumption over high-end international luxury, raising doubts about a meaningful rebound in Chinese-driven demand.
<h3 class="wp-block-heading">India: The Next Growth Driver For Luxury?</h3>
Another pressing topic was whether India could fill the gap left by slowing Chinese demand. Pot hinted that India's emerging middle class and growing economic power could be the next growth story.
&#8220;As China slows, does Indian luxury demand replace waning Chinese demand? That's a key question for 2025,&#8221; Pot added, pointing to India&#8217;s growing presence in the luxury space, with brands like Dior investing heavily in the market.
&#8220;2024 will likely be a tough year for the luxury sector,&#8221; Pot stated, &#8220;but I think there&#8217;s reason to believe that 2025 could look better, especially if India continues to emerge as a key luxury market,&#8221; he added.
<h3 class="wp-block-heading">Tariffs And The U.S. Election: Potential Impacts On Luxury</h3>
Looking ahead to the U.S. elections, Pot shared his thoughts on tariffs and their potential impact on luxury. While tariffs haven't directly targeted luxury goods yet, he noted the possibility of indirect consequences, especially for industrial goods like cars. 
&#8220;I think tariffs are going to focus on industrial output before consumer goods, but luxury could get caught up in it eventually,&#8221; he added.
<h3 class="wp-block-heading">Holding Cash For Dip-Buying Opportunities</h3>
Pot also shared insights into how Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>) is positioned to weather the luxury sector shifts. 
&#8220;Nearly 20% of the portfolio is in cash,&#8221; he revealed, explaining that the fund remains cautious, particularly toward discretionary luxury, which has been hit harder than high-end, timeless brands like Ferrari, Hermès, and Compagnie Financiere Richemont SA (OTCPK: CFRUY). 
&#8220;We&#8217;re overweight on really high-end luxury, and underweight on more discretionary luxury,&#8221; he said.
Now Read: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">Strong September Retail Sales Put Fed&#8217;s Next Move In Doubt: Interest Rate Cuts Are &#8216;Not A Slam Dunk&#8217;</a></li>
</ul>
Image: Shutterstock

EXCLUSIVE: Luxury Is 'Going For A Critical Turnaround,' Tema ETF CEO Says

Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) shares are trading higher after analysts raised their respective<a target="_blank" href="https://www.benzinga.com/quote/vik/analyst-ratings" rel="noreferrer noopener"> price targets on the stock</a>.
Stifel boosted the price target to $39 from $37 while maintaining a Buy rating. Morgan Stanley upped the price target to $37 from $35 while reaffirming an Equal-weight rating.
On Thursday, the company reported second-quarter&nbsp;EPS&nbsp;of $0.37, which missed the consensus of&nbsp;$0.65 and sales&nbsp;of $1.59 billion, beating the <a target="_blank" href="https://www.benzinga.com//node/40503404" rel="noreferrer noopener">street view of&nbsp;$1.43 billion</a>.
BofA Securities analyst Andrew G. Didora reiterated a Buy rating with a price target of $40.
The analyst says that there was significant attention on weaker pricing compared to the mid-May update, with 2024 prices of +8% (vs. +9% previously) and 2025 prices of +10% (vs. +12% earlier).
The analyst writes that a portion of the second-quarter cost beat was due to timing, so they are only making modest adjustments to the full-year estimates. The 2024 and 2025 EBITDA forecasts are now $1.275 billion and $1.568 billion, respectively, up from $1.268 billion and $1.563 billion.
The analyst writes that they are adjusting the timing of the net yield projections for the second half, but the full-year pricing estimate remains unchanged at +6%.
Investors can gain access to stock via Tema ETF Trust Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>).
Price Action: VIK shares are up 6.98% at $35.54 at the last check Friday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40532432" target="_blank" rel="noreferrer noopener">Peloton Pedals Back To Profit: Analysts Weigh In On Company&#8217;s Growth Plan</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Analyst Color

Earnings

Price Target

Reiteration

Analyst Ratings

Trading Ideas

Why Viking Holdings Shares Are Surging Today

Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) disclosed plans to acquire Standard International for a base purchase price of $150 million, with up to an additional $185 million<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40473951/hyatt-to-acquire-standard-international-and-its-iconic-hotel-brands-the-standard-and-bunkhouse-hot" rel="noreferrer noopener"> as more properties join the portfolio</a>.
The acquisition includes over 30 projects with signed agreements or letters of intent, including new properties set to open in the next 12 months, such as The Standard, Pattaya Na Jomtien, The StandardX, Bangkok Phra Arthit, and Bunkhouse Hotels Saint Augustine and Hotel Daphne.
Stabilized fees from the base purchase are expected to be around $17 million, with potential additional fees of up to $30 million if the contingent purchase price is fully paid.
The transaction, expected to close later this year, is subject to customary closing conditions.
This move strengthens Hyatt&#8217;s position in the lifestyle segment. With this deal, Hyatt plans to create a new lifestyle group headquartered in New York City, led by Standard International&#8217;s Executive Chairman Amar Lalvani.
The asset-light portfolio includes management, franchise, and license contracts for 21 hotels with about 2,000 rooms, such as The Standard, London, The Standard, High Line in New York City, and The Standard, Bangkok Mahanakhon.
After closing, Hyatt plans to integrate these hotels into the World of Hyatt, extending this lifestyle portfolio to its 48 million loyalty members.
Mark Hoplamazian, President and Chief Executive Officer, Hyatt said, &#8220;These properties truly drive the zeitgeist, creating destinations unto themselves with celebrated and talked-about programming and events, such as the Met Gala afterparty.&#8221;
Last week, Hyatt Hotels completed the sale of the 1,641-room Hyatt Regency Orlando and 45 acres to RIDA Development and Ares <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40425409/hyatt-completes-sale-of-hyatt-regency-orlando-for-1-07-billion" rel="noreferrer noopener">Management for $1.07 billion</a>.
This month, Hyatt Hotels reported&nbsp;second-quarter 2024 sales of $1.703 billion, missing the consensus estimate, and adjusted EPS of $1.53, surpassing <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40191713/hyatt-reports-mixed-q2-results-with-record-fee-revenue-exceeds-earnings-estimates" rel="noreferrer noopener">the analyst consensus of $1.17</a>.
Investors can gain exposure to the stock via Capitol Series Trust The Nightview Fund NITE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NITE#NYSE">NITE</a>), and Tema ETF Trust Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>).
Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40221077/hyatt-hotels-analysts-cut-their-forecasts-following-q2-results" rel="noreferrer noopener">Hyatt Hotels Analysts Cut Their Forecasts Following Q2 Results</a>
Price Action: H shares are trading lower by 0.74% at $142.00 premarket at the last check Wednesday.
Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

NITE

Hyatt Expands Its Empire: Inks Deal To Bring Standard Hotels Under Its Wing

French stocks experienced a mixed trading session Monday as investors assessed the implications of an unexpected left-wing victory in Sunday's second <a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">round of legislative elections.</a>
At 8:30 a.m. ET, the CAC 40 index, which tracks the forty largest companies in France by market capitalization, was trading near flat, erasing earlier gains. Despite the index&#8217;s stability, the French luxury sector took a hit. 
Three of the sector&#8217;s largest companies each traded in negative territory as market sentiment weakened over concerns of increased wealth taxation following the left&#8217;s win.
<ul>
<li>Hermes International SA (OTCPK: HESAF) down 0.7%</li>
<li>LVMH – Moët Hennessy Louis Vuitton (OTCPK: LVMUY) down 1.6% </li>
<li>Kering SA (OTCPK: PPRUY) down 2% </li>
</ul>
What Happened: The left-wing New Popular Front coalition (NPF)—comprising the far-left France Unbowed, the Socialists, and the Greens—secured the most seats, with 188. This outcome defied expectations, given that President Emmanuel Macron&#8216;s centrist group, Ensemble, won 161 seats, and the National Rally (RN) claimed third place with 142 seats. 
In an effort to avoid three-way run-offs, centrist and leftist parties had earlier agreed to withdraw 221 candidates after the RN emerged as the leading party in the first round. This strategic move included 83 candidates from Macron's camp and 132 from the NPF.
While the risk of a far-right government has been averted, the left-wing's relative majority introduces new uncertainties. With no political group holding an absolute majority, a political gridlock looms. 
The left, having gained most seats, might be called upon to form a new minority government, likely seeking alliances with centrist and other political forces.
However, in response to the election results, President Macron rejected Prime Minister Gabriel Attal's resignation, asking him to stay in office temporarily to ensure the country&#8217;s stability.
Also Read: <a href="https://www.benzinga.com/news/24/07/39658887/boeing-strikes-plea-deal-with-doj-for-defrauding-us-regulator-over-737-max-safety-victims-lawyer-cal">Boeing Strikes Plea Deal With DOJ For Defrauding US Regulator Over 737 MAX Safety: Victims&#8217; Lawyer Calls It &#8216;Deceptive And Generous…Not In Public Interest&#8217;</a>
Why It Matters: Jean-Luc Mélenchon, the leader of the left-wing faction, is a controversial figure known for his anti-euro and anti-NATO stance. Admiring former Venezuelan leader Hugo Chavez and Cuba's Fidel Castro, Mélenchon is an advocate for wealth redistribution—an ideology that makes Wall Street uneasy.
The NPF aims for a radical shift from Macron&#8217;s neoliberal policies, focusing on enhancing the welfare state and redistributing economic resources to the working and middle classes. Their key proposals include raising the minimum wage to 1,600 euros per month, abolishing Macron&#8217;s retirement age increase, reintroducing a wealth tax on large fortunes, imposing fiscal measures to tax the super-profits of large companies, and halting the shipment of French arms to Ukraine.
These economic measures could substantially increase the burden on French spending, adding further strain to an already troubled government budget. Last year, Paris ran a budget deficit of 5.5% and once again saw its debt-to-GDP ratio exceed 110%.
The European Union has placed France, along with other highly indebted nations, under an excessive deficit procedure. This requires active dialogue with the government to find solutions for alleviating the stress on public finances.
Expert Ideas: Maurits Pot, CEO of Tema ETFs, shared his insights with Benzinga: 
"Short-term interest in listed French luxury companies could be more subdued as markets digest whether the prime targets of a left government become French luxury tycoons." 
He further noted, "We are less concerned about actual luxury demand since, for most French luxury companies, France represents a fraction of overall sales. We hold French equities in our Luxury fund – TEMA Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>) – including major groups like LVMH and Remy. While a left government might pose challenges for billionaire owners, shareholder affairs rarely impact the companies they own,&#8221; he stated. 
Now Read:
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<li><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO"> </a><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO">EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO</a></li>
</ul>

Government

Sector ETFs

Eurozone

Politics

HESAF

PPRUY

French Luxury Stocks Fall As Tax Concerns Rise After Left-Wing Election Upset: 'A Left Government Might Pose Challenges For Billionaire Owners'

Tema ETFs is redefining thematic investing by prioritizing long-term structural trends and precision in security selection, diverging from the industry norm of chasing <a href="https://www.benzinga.com/money/thematic-etfs">short-lived market fads. </a>
This innovative approach was the focal point of a virtual session hosted by Benzinga&#8217;s &#8220;ETFs Unlocked,&#8221; moderated by Benzinga&#8217;s Aaron Bry.
Yuri Khodjamirian, CFA, chief investment officer at Tema ETFs, revealed the company&#8217;s innovative approach to thematic investing, addressing common pitfalls in passive funds and showcasing their latest offerings in various market themes including product reshoring in the U.S., luxury goods, and cardio-metabolic diseases.
<h2 class="wp-block-heading">Tema ETFs: Pioneering Precision in Thematic Investing</h2>
Established two years ago with six funds in the market, Tema ETFs has carved a niche in the ETF landscape.
&#8220;We want to be in structural long term growing areas of the market where we really believe there&#8217;s an investment merit over multiple decades,&#8221; Khodjamirian said.
Emphasizing long-term structural themes, they use expert analysis for security selection, ensuring portfolios are precisely focused on high-quality companies benefiting from these structural trends. 
<h2 class="wp-block-heading">Addressing Core Issues in Thematic Investing</h2>
Tema&#8217;s mission is to solve key problems in thematic investing. Traditional passive thematic investing often gravitates towards transient market fads, lacking investment longevity. 
Tema, conversely, chooses themes with multi-decade investment merits, steering clear of the hype cycle. 
Precision in security selection is another area where Tema stands out. 
Khodjamirian highlighted the industry&#8217;s challenge in aligning themes with appropriate stocks, citing the overrepresentation of companies like Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in numerous unrelated ETFs. Tema addresses this through meticulous expert-led stock selection, ensuring themes and securities align perfectly.
Quality is also paramount at Tema. Rather than compromising on company quality to fit a theme, Tema&#8217;s approach is to handpick quality businesses, steering clear of poor capital allocators or unprofitable ventures.
Spotlight on Key ETFs: American Reshoring, Cardiovascular Diseases, and Luxury Goods
The discussion then turned to specific ETFs offered by Tema, highlighting their unique strategies:
<ol>
<li>Tema American Reshoring ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSHO#NYSE">RSHO</a>): Focused on companies benefiting from the reshoring of manufacturing to the U.S., this ETF capitalizes on private sector moves to localize supply chains and massive government initiatives like the Inflation Reduction Act. &#8220;This trend is accelerated by about $1.8 trillion in government spending,&#8221; Khodjamirian noted. </li>
<li>Tema Cardiovascular and Metabolic Diseases ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTS#NASDAQ">HRTS</a>): Managed by a seasoned expert with over 25 years of experience, HRTS targets companies innovating in the treatment of cardiometabolic diseases, a sector responsible for a third of global deaths. </li>
<li>Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>): LUX seeks companies embodying true luxury, avoiding the trap of including mass consumer brands. It aims to capture the high return potential of luxury brands that cater to an increasingly wealthy global population.</li>
</ol>
Other thematic ETFs offered by Tema include:
<ul>
<li>Tema Oncology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANC#NYSE">CANC</a>)</li>
<li>Tema Global Royalties ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROYA#NYSE">ROYA</a>)</li>
<li>Tema Monopolies and Oligopolies ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOLL#NYSE">TOLL</a>)</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36029153/chilling-2024-s-p-500-outlook-why-jpmorgan-analysts-project-nightmare-scenario-for-">Chilling 2024 S&amp;P 500 Outlook: Why JPMorgan Analysts Project Nightmare Scenario For Stocks</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Benzinga Virtual Event: ETFS Unlocked" width="500" height="281" src="https://www.youtube.com/embed/yFfR-NSqnng?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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Photo: LinkedIn and Shutterstock

New ETFs

Events

Startups

Small Business

Tech

CANC

HRTS

MSFT

ROYA

Tema ETF Trust Tema American Reshoring ETF

RSHO

TOLL

EXCLUSIVE: Tema ETFs' Innovative Thematic Investing Approach Targets New Opportunities Beyond The Fads

Exclusives

From Benzinga's ETFS Unlocked Event: Tema CIO On Luxury ETF Says Luxury Goods Industry Is About Craftsmanship, Quality And Heritage, Allowing Companies To Charge Higher Price Points And Be Very Profitable; Notes Supply Is Also Limited

Click To Tune In Here...&nbsp;https://www.youtube.com/watch?v=yFfR-NSqnng

COPJ

Listed Funds Trust Dividend Performers ETF

IPDP

IPPP

JEPY

LITP

PHYS

PSLV

QQQY

URNJ

Benzinga's 'ETFs Unlocked' Conference Has Begun

While Jeff Bezos amassed his wealth through the widespread sale of every day, often inexpensive goods on Amazon.com, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), the billionaire entrepreneur and founder of the e-commerce giant is known for his opulent lifestyle and a collection of extravagant possessions that reflect <a href="https://www.benzinga.com/general/entertainment/23/05/32618155/jeff-bezos-500m-superyacht-is-so-big-it-has-a-support-boat-with-a-helipad-crane-and-storage">his immense wealth</a>.
From multimillion-dollar mansions to private jets, Bezos&#39;s assets include some of the most expensive items money can buy. While his car collection is estimated to be worth about $20 million, one of the world&rsquo;s richest men doled out $500 million on a superyacht in 2018, the latter which was the backdrop of Bezos&rsquo; and fianc&eacute; Lauren Sanchez&rsquo;s lavish European tour last summer, where the 53-year-old mother of three showed off a $35,000 Hermes purse, <a href="https://www.dailymail.co.uk/femail/article-12220273/Inside-Lauren-Sanchezs-WILDLY-expensive-superyacht-tour-wardrobe.html">according</a> to the Daily Mail.
Must Read:&nbsp;<a href="https://www.benzinga.com/etfs/23/11/35976659/active-etfs-appear-booming-in-2023-tema-etfs-are-taking-them-into-a-new-direction">Active ETFs Appear Booming In 2023 &mdash; Tema ETFs Are Taking Them Into A New Direction</a>
A Few Of The Luxurious Items Bezos Owns: <a href="https://www.carhp.com/news/a-look-inside-jeff-bezos-s-20-million-car-collection">According</a> to CARHP, some of the vehicle models that make up Bezos&rsquo; collection include a Lamborghini Veneno Roadster, a Koenigsegg CCXR Trevita, a Bugatti Veyron Mansory, a W Motors Lykan HyperSport, a Ferrari Pininfarina Sergio and a Mercedes-Benz S450.
To symbolize long-term thinking, Bezos paid $42 million to erect a massive clock in the West Texas mountains, famously known as the &quot;10,000-year clock,&quot; <a href="https://www.gobankingrates.com/money/wealth/crazy-expensive-things-owned-by-jeff-bezos/">according</a> to GOBankingRates.
Bezos&#39; eight-seater Gulfstream G-650ER private jet cost the billionaire $65 million, according to the publication and it&#39;s just one of a fleet, which includes a <a href="https://www.benzinga.com/news/23/05/32615218/jeff-bezos-the-wealthiest-groom-ever-prepares-for-a-massive-prenup-to-protect-his-138-billion-in-his">Bombardier Global Express</a>.
As for pets, it&rsquo;s unclear if Bezos has any of the living type but the owner of The Washington Post spent $74,500 on a robot dog named &ldquo;Spot,&rdquo; which can even open doors, GOBankingRates wrote.
Bezos also boasts a large portfolio of properties, including a set of five units in Manhattan building worth a reported $119 million and the old Textile Museum in Washington, D.C., which he bought for $23 million but cost $35 million after renovations, according to the outlet.
Looking To Invest In The Luxury Sector? While most can&rsquo;t afford to drench themselves in billions of dollars of expensive items, the industry has shown resilience despite its temporary pullbacks.
Tema&rsquo;s Luxury ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lux#NYSE">LUX</a>) is <a href="https://temaetfs.com/lux#breakdown">an actively managed thematic fund</a>, which invests in the global luxury industry. Unlike passive ETFs, TEMA&rsquo;s portfolio managers use discretion to proactively manage risk and capitalize on selloffs in the sector by increasing cash positions temporarily and limiting the size of any single company in the portfolio.
Some of the more well-known companies in LUX, which Bezos also happens to be a fan of, are Hermes, weighted at 9.13%, Ferrari, weighted at 3.7% and Mercedes, which is weighted at 0.03% within the ETF. While TEMA&rsquo;s portfolio managers increased the cash position in the fund at the end of the second quarter, LUX has increased almost 8% since Oct. 27.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35985342/cyber-monday-update-bargain-conscious-online-consumers-increase-spend">Cyber Monday Update: Bargain-Conscious Online Consumers Increase Spend</a>

Entrepreneurship

General

AMZN

Beyond Amazon: Jeff Bezos' $500M Superyacht, $65M Jet And The $42M Timepiece For Millennia Built In The West Texas Mountains

The Benzinga Global Fintech Awards are given to carefully vetted, renowned companies/executives who are striving to revolutionize the industry.
The Best ETF Launch is awarded to a fund that has recently launched and demonstrated the most innovation and success out of the gate.
The 2023 winner was the AXS 2X Innovation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TARK#NASDAQ">TARK</a>) which aims to return twice the daily return of the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), <a href="https://www.benzinga.com/etfs/23/11/35839067/why-is-cathie-woods-arkk-selling-off-its-roku-stock">Cathie Wood's</a> industry-leading fund.
This innovative fund lets traders bullish on ARKK maximize their view by providing 2X daily returns of the fund.
TARK beat out 7 other finalists to bring home the award:
Fairlead Tactical Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TACK#NYSE">TACK</a>)
BTD Capital Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIP#NYSE">DIP</a>)
BMO Covered Call Utilities ETF (TSE: ZWU)
VanEck Morningstar Wide Moat ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MOAT#BATS">MOAT</a>)
Sprott Uranium Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>)
Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>)
Capital Group Core Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGCB#NYSE">CGCB</a>)

ARKK

CGCB

MOAT

TACK

TARK

TSX:ZWU

URNM

This ETF, Linked To Cathie Wood's ARKK, Receives "Best ETF Launch" Award At Benzinga's 2023 Global Fintech Awards

Mark Your Calendars for Fintech&rsquo;s D-Day: Nov. 13, Benzinga&rsquo;s Award Ceremony in NYC Awaits!
<a href="https://www.benzinga.com/" id="docs-internal-guid-efa0b0b7-7fff-def1-e39a-58dc47ea5592">Benzinga</a>, the leading financial media company for next-generation investors, today announced the finalists for its 9th annual <a href="https://www.benzinga.com/events/fintech-awards/participate/">Fintech Deal Day Awards</a>, recognizing innovation across over 40 categories in the fintech industry.
The winners will be unveiled at the Fintech Deal Day &amp; Awards on November 13 in New York City, a day marked by networking and celebration within the financial technology <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a>.
Kevin O&rsquo;Leary of O&rsquo;Leary Ventures will deliver the keynote address, with leaders from Mastercard (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ma#NYSE">MA</a>), Public, Accenture (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>), State Street Digital and Charles Schwab (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) also in attendance.
Finalists have been rigorously evaluated by Benzinga&rsquo;s panel of judges on innovation, accessibility, and their impact on investing, technology, and financial literacy.
The top scorers will be honored as the 2023 Fintech Deal Day Award winners. Stay tuned for the unveiling of the leading figures and firms in fintech.
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Fintech news covering the emerging Financial Technology services sector

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Fintech's Finest: Benzinga Fintech Award Finalists Revealed

The European Commission has approved under the EU Merger Regulation the proposed merger between Essilor and Luxottica, two leaders in the optical industry. The Commission concluded that the merger would not adversely affect competition in the European Economic Area or any substantial part of it.
Commissioner Margrethe Vestager, in charge of competition policy, said: "Our job is to ensure that a merger won't lead to higher prices or reduced choices. In this case for opticians and consumers in the EU. We've received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power to harm competition. As the result of the market test did not support our initial concerns we can let this merger go ahead unconditionally."
Today's decision follows an in-depth investigation of the proposed merger between Essilor and Luxottica. Essilor is the largest supplier of ophthalmic lenses, both worldwide and in Europe. Luxottica is the largest supplier of eyewear, both worldwide and in Europe, and has well-known brands in its portfolio such as Ray-Ban and Oakley. Both companies sell their products to opticians who then sell finished spectacles and sunglasses to consumers.

Markets

ESLOY

EU Approves Merger of Essilor, Luxottica without Conditions

Upgrades

Morgan Stanley Upgrades Luxottica to Overweight from Equal Weight; Raises PT to €65 from €50

Ferrari S.p.A., a wholly-owned Italian subsidiary of Ferrari N.V. (NYSE: <a class="ticker" href="/stock/race#NYSE">RACE</a>) announces that Ferrari and Luxottica Group (NYSE: <a class="ticker" href="/stock/lux#NYSE">LUX</a>) have strengthened their collaboration by signing a multi-year licensing contract according to which Luxottica will develop, produce and market a range of eyewear branded Ferrari and Ray-Ban. On the same date, the two companies have also signed a multi-year renewal of a sponsorship agreement between Scuderia Ferrari and Luxottica whereby the Ray-Ban brand appears on the Formula 1 single-seaters of both Sebastian Vettel and Kimi Raikkonen.

Contracts

Ferrari Signs Multi-year Licensing Agreement with Luxottica

Luxottica Reports Q4 Sales €2.142B, Up 3%, Adj. Retail Sales Up 2.6%, Comps Up 0.6%, E-Commerce Sales  Up 24%

Luxottica Group SpA (ADR) (NYSE: <a class="ticker" href="/stock/lux#NYSE">LUX</a>) shares are up 8.4 percent on Tuesday after the company announced a nearly $49 billion <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/01/8911963/british-americans-acquisition-of-reynolds-makes-it-jeffe">merger with</a> Essilor International SA (OTC: <a class="ticker" href="/stock/esloy#OTC">ESLOY</a>).
<h3>The Merger</h3>
The <a href="https://www.benzinga.com/news/earnings/17/01/8912610/mid-day-market-update-clayton-williams-energy-surges-on-acquisition-news">combined company</a> will now have more than 140,000 employees in upward of 150 countries. The two companies generated a combined $16 billion in revenue in 2016.
Investors of both companies are cheering the merger news, as the new entity will certainly have a dominant position in the global eyewear market.
Prior to the merger, Luxottica and Essilor were already the two largest companies in the eyewear space.
<h3>Luxottica's Brands</h3>
Luxottica owns each of the following popular eyewear brands:
<ul>
<li>LensCrafters.</li>
<li>Sunglass Hut.</li>
<li>Pearle Vision.</li>
<li>Sears Optical.</li>
<li>Target Optical.</li>
<li>Eyemed.</li>
<li>Glasses.com.</li>
<li>Ray-Ban.</li>
<li>Persol.</li>
<li>Oakley.</li>
</ul>
In addition, Luxottica also manufactures eyewear under license for designer brands such as Chanel, Prada and Giorgio Armani.
Essilor is the world&rsquo;s leading manufacturer of ophthalmic lenses.
The <a href="https://www.nytimes.com/2017/01/16/business/dealbook/luxottica-essilor-merger.html">combined company</a> will represent roughly 27 percent of global eyewear market share. The next largest competition is Johnson &amp; Johnson (NYSE: <a class="ticker" href="/stock/jnj#NYSE">JNJ</a>)&rsquo;s modest 3.9 percent share.
The global eyewear market is expected to grow from $90.3 billion in 2013 to more than $142 billion <a href="https://www.statista.com/statistics/300087/global-eyewear-market-value/">by 2020</a>.
While Essilor is French and Luxottica is Italian, more than half of the combined company&rsquo;s revenue will come from the United States.

Does Luxottica Now Have A Monopoly On The Eyeglass Space?

<ul>
<li>
		Benitec Biopharma Ltd (ADR) (NASDAQ: <a class="ticker" href="/stock/bntc#NASDAQ">BNTC</a>) shares jumped 73.8 percent to $3.21 after the company disclosed that it has received Orphan Drug Designation in the European Union for BB-301 for the treatment of oculopharyngeal muscular dystrophy.</li>
<li>
		Pulmatrix Inc (NASDAQ: <a class="ticker" href="/stock/pulm#NASDAQ">PULM</a>) gained 65.2 percent to $1.14 after the company disclosed that its drug candidate, PUR1900, has received &quot;Qualified Infectious Disease Product&quot; designation from the FDA.</li>
<li>
		Forward Pharma A/S (NASDAQ: <a class="ticker" href="/stock/fwp#NASDAQ">FWP</a>) shares surged 52.6 percent to $28.00 after Biogen Inc. (NASDAQ: <a class="ticker" href="/stock/biib#NASDAQ">BIIB</a>) disclosed that it has entered into a settlement and license agreement with Forward Pharma.</li>
<li>
		OptimumBank Holdings, Inc. (NASDAQ: <a class="ticker" href="/stock/ophc#NASDAQ">OPHC</a>) shares climbed 43.7 percent to $5.52. OptimumBank shares have dropped 12.01 percent over the past 52 weeks, while the S&amp;P 500 index has climbed 20.91 percent in the same period.</li>
<li>
		Bonanza Creek Energy Inc (NYSE: <a class="ticker" href="/stock/bcei#NYSE">BCEI</a>) shares jumped 41.7 percent to $2.82. Bonanza Creek Energy shares have declined 3.40 percent over the past 52 weeks, while the S&amp;P 500 index has climbed 20.91 percent in the same period.</li>
<li>
		Clayton Williams Energy, Inc. (NYSE: <a class="ticker" href="/stock/cwei#NYSE">CWEI</a>) shares climbed 37.4 percent to $142.86. Noble Energy, Inc. (NYSE: <a class="ticker" href="/stock/nbl#NYSE">NBL</a>) announced plans to acquire Clayton Williams Energy for $2.7 billion in cash and stock.</li>
<li>
		Pernix Therapeutics Holdings Inc (NASDAQ: <a class="ticker" href="/stock/ptx#NASDAQ">PTX</a>) shares surged 27.2 percent to $3.55. Pernix Therapeutics shares have jumped 38.81 percent over the past 52 weeks, while the S&amp;P 500 index has gained 20.91 percent in the same period.</li>
<li>
		Gravity Co., LTD. (ADR) (NASDAQ: <a class="ticker" href="/stock/grvy#NASDAQ">GRVY</a>) shares rose 18.1 percent to $13.42.</li>
<li>
		Gevo, Inc. (NASDAQ: <a class="ticker" href="/stock/gevo#NASDAQ">GEVO</a>) shares gained 17 percent to $4.35 after the company reported the EPA approval for isobutanol as an advanced biofuel.</li>
<li>
		BiondVax Pharmaceuticals Ltd (ADR) (NASDAQ: <a class="ticker" href="/stock/bvxv#NASDAQ">BVXV</a>) shares rose 15.4 percent to $4.28 after dropping 4.38 percent on Friday.</li>
<li>
		Pingtan Marine Enterprise Ltd (NASDAQ: <a class="ticker" href="/stock/pme#NASDAQ">PME</a>) shares climbed 14.4 percent to $2.69. Pingtan Marine Enterprise declared a quarterly cash dividend of $0.01 per share.</li>
<li>
		Appliance Recycling Centers of America (NASDAQ: <a class="ticker" href="/stock/arci#NASDAQ">ARCI</a>) shares surged 11.2 percent to $1.29.</li>
<li>
		Luxottica Group SpA (ADR) (NYSE: <a class="ticker" href="/stock/lux#NYSE">LUX</a>) shares gained 8.6 percent to $56.90. Luxottica and Essilor International SA (OTC: <a class="ticker" href="/stock/esloy#OTC">ESLOY</a>) agreed to merge in a stock deal valued at $48.83 billion.</li>
<li>
		RMR Group Inc (NASDAQ: <a class="ticker" href="/stock/rmr#NASDAQ">RMR</a>) shares rose 4 percent to $41.00. William Blair initiated coverage of RMR Group with an Outperform rating.</li>
<li>
		Kratos Defense &amp; Security Solutions, Inc (NASDAQ: <a class="ticker" href="/stock/ktos#NASDAQ">KTOS</a>) rose 3.5 percent to $8.07. Canaccord Genuity initiated coverage on Kratos Defense with a Buy rating.</li>
</ul>

Intraday Update

Movers

ARCI

BCEI

BIIB

BNTC

BVXV

CWEI

GEVO

GRVY

KTOS

OPHC

PULM

15 Biggest Mid-Day Gainers For Tuesday

<h3>
	Macro Focus</h3>

	Futures for the Dow Jones Industrial Average dropped 46 points to 19,786.00, while the Standard &amp; Poor&rsquo;s 500 index futures fell 8 points to 2,264.50. Futures for the Nasdaq 100 index slipped 16.25 points to 5,045.00.

	Oil prices traded higher as Brent crude futures gained 1.07 percent to trade at $56.46 per barrel, while US WTI crude futures also rose 1.34 percent to trade at $53.86 a barrel

	USA NY Empire State Manufacturing Index for Jan 6.50 vs 8.50 consensus estimate. The prior reading was 9.00.
<ul>
<li>
		Federal Reserve Gov. Lael Brainard will speak in Washington, D.C. at 10:00 a.m. ET.</li>
<li>
		The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.</li>
<li>
		San Francisco Federal Reserve Bank President John C. Williams is set to speak at Sacramento State University in Calif. at 6:00 p.m. ET.</li>
</ul>
<h3>
	BZ News Desk Focus</h3>
<ul>
<li>
		Morgan Stanley (NYSE: <a class="ticker" href="/stock/ms#NYSE">MS</a>) Q4 EPS $0.81 vs $0.65 Est, Revenue $9.0B vs $8.5B Est.</li>
<li>
		UnitedHealth (NYSE: <a class="ticker" href="/stock/unh#NYSE">UNH</a>) Q4 EPS $2.11 vs $2.07 Est, Revenue $47.5B vs $47.3B Est</li>
</ul>

	Q4 earnings season is underway, and among the many companies expected share their results this week are three transportation giants. Expectations are somewhat mixed, based on the analysts&#39; consensus forecasts, even as the Trump rally rolled on in the period, with his promises of increased infrastructure spending. Modest results are expected from rail leader CSX (NASDAQ: <a class="ticker" href="/stock/csx#NASDAQ">CSX</a>), which during the period Barron&#39;s said could benefit from Trump&#39;s election. Mixed results are anticipated from Union Pacific (NYSE: <a class="ticker" href="/stock/unp#NYSE">UNP</a>), which disappointed in its most recent earnings report. United Continental (NYSE: <a class="ticker" href="/stock/ual#NYSE">UAL</a>) is expected to say that both earnings and revenue slipped from a year ago. In the quarter, it came to light that Warren Buffett had taken stakes in United and other airlines.
<h3>
	Sell-Side Themes</h3>

	JPMorgan upgraded American Express (NYSE: <a class="ticker" href="/stock/axp#NYSE">AXP</a>) and Michaels (NASDAQ: <a class="ticker" href="/stock/mik#NASDAQ">MIK</a>) to Overweight and downgraded OneMain Holdings (NYSE: <a class="ticker" href="/stock/omf#NYSE">OMF</a>) to Neutral.
<h3>
	Sell-Side&#39;s Most Noteworthy Calls</h3>
<ul>
<li>
		UBS downgraded Twitter (NYSE: <a class="ticker" href="/stock/twtr#NYSE">TWTR</a>) to Hold.</li>
<li>
		Stifel downgraded Nordstrom (NYSE: <a class="ticker" href="/stock/jwn#NYSE">JWN</a>) to Hold.</li>
<li>
		JPMorgan downgraded Chipotle (NYSE: <a class="ticker" href="/stock/cmg#NYSE">CMG</a>) to Neutral.</li>
<li>
		Mizuho upgraded Netflix (NASDAQ: <a class="ticker" href="/stock/nflx#NASDAQ">NFLX</a>) to Buy.</li>
<li>
		Goldman Sachs upgraded Disney (NYSE: <a class="ticker" href="/stock/dis#NYSE">DIS</a>) to Buy.</li>
</ul>
<h3>
	Deal Talk</h3>

	British American Tobacco (NYSE: <a class="ticker" href="/stock/bti#NYSE">BTI</a>) and Reynolds American (NYSE: <a class="ticker" href="/stock/rai#NYSE">RAI</a>) said they had agreed to a sweetened offer of $49.4 billion from BAT for the 57.8 percent of Reynolds that it doesn&rsquo;t already own.

	Essilor (OTC: <a class="ticker" href="/stock/esloy#OTC">ESLOY</a>) and Delfin announced Sunday the signing of an agreement under which the companies would merge with Luxottica (NYSE: <a class="ticker" href="/stock/lux#NYSE">LUX</a>). Under the terms of the agreement, Delfin will contribute its entire stake of approximately 62 percent in Luxottica to Essilor in return for newly-issued Essilor shares to be approved by the Essilor shareholders meeting, on the basis of the Exchange Ratio of 0.461 Essilor shares for 1 Luxottica share.

	Noble Energy (NYSE: <a class="ticker" href="/stock/nbl#NYSE">NBL</a>) and Clayton Williams Energy (NYSE: <a class="ticker" href="/stock/cwei#NYSE">CWEI</a>) announced Monday that the Boards of Directors of both companies have unanimously approved and the companies have executed a definitive agreement under which Noble Energy will acquire all of the outstanding common stock of Clayton Williams Energy for $2.7 billion, or $139 per share in Noble Energy stock and cash. The deal is expected to close in Q2 of 2017.
<h3>
	In The News</h3>

	Prime Minister Theresa May declared in a speech Tuesday that Britain doesn&#39;t want &ldquo;partial membership&rdquo; in the European Union &ldquo;or anything that leaves us half-in, half-out.&rdquo;

	President-elect Donald Trump <a href="http://www.wsj.com/articles/trump-warns-on-house-republican-tax-plan-1484613766">criticized</a> a cornerstone of House Republicans&rsquo; corporate-tax plan, which they had pitched as an alternative to his proposed import tariffs, creating another point of contention between the incoming president and congressional allies.
<h3>
	Blogosphere</h3>

	Samsung shows constitutional monarchies <a href="https://www.bloomberg.com/gadfly/articles/2017-01-17/samsung-shows-constitutional-monarchies-can-work">can work</a>: &quot;The events of the past few months have been a baleful reminder that, despite their antiquated nature, hereditary monarchies have advantages over more meritocratic systems.No, we&#39;re not talking about anything going on in Washington -- it&#39;s Seoul that&#39;s putting ruling houses in a good light.&quot;
<h3>
	Trending</h3>

	SPY JNUG NFLX GLD NUGT DUST MS JDST UNH CMA SLV RAI

	Two weeks after Donald Trump won the election, the Dow Jones Industrial Average, S&amp;P 500 and NASDAQ all hit record highs. With his official swear-in just a few days away, many are eager to see if the market will respond as positively. Recent history <a href="http://www.benzinga.com/general/education/17/01/8899048/does-the-stock-market-respond-to-presidential-inaugurations">may justify pessimism</a>.

Global

Pre-Market Outlook

NFLX

TWTR

The Market In 5 Minutes: Morgan Stanley Beats Estimates, Disney And Netflix Get Big Upgrades

<h3>
	Gainers</h3>
<ul>
<li>
		Forward Pharma A/S (NASDAQ: <a class="ticker" href="/stock/fwp#NASDAQ">FWP</a>) shares rose 58 percent to $29.00 in pre-market trading after Biogen Inc. (NASDAQ: <a class="ticker" href="/stock/biib#NASDAQ">BIIB</a>) disclosed that it has entered into a settlement and license agreement with Forward Pharma.</li>
<li>
		Clayton Williams Energy, Inc. (NYSE: <a class="ticker" href="/stock/cwei#NYSE">CWEI</a>) shares rose 25.5 percent to $130.45 in pre-market trading. Noble Energy, Inc. (NYSE: <a class="ticker" href="/stock/nbl#NYSE">NBL</a>) announced plans to acquire Clayton Williams Energy for $2.7 billion in cash and stock.</li>
<li>
		Abraxas Petroleum Corp. (NASDAQ: <a class="ticker" href="/stock/axas#NASDAQ">AXAS</a>) shares rose 25.5 percent to $3.50 in pre-market trading after gaining 1.45 percent on Friday.</li>
<li>
		BiondVax Pharmaceuticals Ltd (ADR) (NASDAQ: <a class="ticker" href="/stock/bvxv#NASDAQ">BVXV</a>) rose 24.8 percent to $4.63 in pre-market trading after dropping 4.38 percent on Friday.</li>
<li>
		Retrophin Inc (NASDAQ: <a class="ticker" href="/stock/rtrx#NASDAQ">RTRX</a>) rose 17.3 percent to $22.90 in pre-market trading after gaining 1.67 percent on Friday.</li>
<li>
		CombiMatrix Corp (NASDAQ: <a class="ticker" href="/stock/cbmx#NASDAQ">CBMX</a>) shares rose 14.5 percent to $3.95 in pre-market trading after dropping 4.17 percent on Friday.</li>
<li>
		China Ceramics Co Ltd (NASDAQ: <a class="ticker" href="/stock/cccl#NASDAQ">CCCL</a>) shares rose 13.1 percent to $2.50 in pre-market trading after declining 2.21 percent on Friday.</li>
<li>
		Aradigm Corporation (NASDAQ: <a class="ticker" href="/stock/ardm#NASDAQ">ARDM</a>) shares rose 10.5 percent to $2.10 in pre-market trading after declining 0.52 percent on Friday.</li>
<li>
		xG Technology Inc (NASDAQ: <a class="ticker" href="/stock/xgti#NASDAQ">XGTI</a>) rose 9.6 percent to $2.40 in pre-market trading. xG Technology disclosed that it has paid off debt from IMT acquisition.</li>
<li>
		Luxottica Group SpA (ADR) (NYSE: <a class="ticker" href="/stock/lux#NYSE">LUX</a>) rose 8.2 percent to $56.70 in pre-market trading. Luxottica and Essilor International SA (OTC: <a class="ticker" href="/stock/esloy#OTC">ESLOY</a>) agreed to merge in a stock deal valued at $48.83 billion.</li>
</ul>

	Find out what&#39;s going on in today&#39;s market and bring any questions you have to <a href="http://premarket.benzinga.com/pre-market-show/">Benzinga&#39;s PreMarket Prep</a>.
<h3>
	Losers</h3>
<ul>
<li>
		Globus Maritime Ltd (NASDAQ: <a class="ticker" href="/stock/glbs#NASDAQ">GLBS</a>) shares fell 25.4 percent to $5.40 in pre-market trading after surging 137.38 percent on Friday.</li>
<li>
		Axcelis Technologies Inc (NASDAQ: <a class="ticker" href="/stock/acls#NASDAQ">ACLS</a>) shares fell 6.9 percent to $14.80 in the pre-market trading session after dropping 0.93 percent on Friday.</li>
<li>
		KEMET Corporation (NYSE: <a class="ticker" href="/stock/kem#NYSE">KEM</a>) fell 5.6 percent to $6.72 in pre-market trading. KEMET is expected to post Q3 results on February 2, 2017.</li>
<li>
		Partner Communications Company Ltd (ADR) (NASDAQ: <a class="ticker" href="/stock/ptnr#NASDAQ">PTNR</a>) fell 5.5 percent to $5.48 in pre-market trading after dropping 1.19 percent on Friday.</li>
<li>
		Tiffany &amp; Co. (NYSE: <a class="ticker" href="/stock/tif#NYSE">TIF</a>) fell 5 percent to $77.82 in pre-market trading. Tiffany reported a 2 percent drop in its total same-store sales in November and December, while comparable sales in the Americas slipped 4 percent.</li>
<li>
		Internet Gold Golden Lines Ltd (NASDAQ: <a class="ticker" href="/stock/igld#NASDAQ">IGLD</a>) shares fell 4.4 percent to $10.50 in pre-market trading after gaining 1.32 percent on Friday.</li>
<li>
		Willdan Group, Inc. (NASDAQ: <a class="ticker" href="/stock/wldn#NASDAQ">WLDN</a>) shares fell 4.3 percent to $26.80 in pre-market trading after rising 4.51 percent on Friday.</li>
<li>
		Vodafone Group Plc (ADR) (NASDAQ: <a class="ticker" href="/stock/vod#NASDAQ">VOD</a>) fell 3.1 percent to $25.70 in pre-market trading after dropping 0.45 percent on Friday.</li>
</ul>

Movers & Shakers

ACLS

ARDM

AXAS

CBMX

CCCL

GLBS

IGLD

PTNR

RTRX

WLDN

XGTI

18 Stocks Moving In Tuesday's Pre-Market Session

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Friday, January 13 through Monday, January 16, 2017.

	Naked Brand to Merge With Bendon Limited

	The Deal:

	Naked Brand Group Inc. (NASDAQ: <a class="ticker" href="/stock/nakd#NASDAQ">NAKD</a>) and Bendon Limited announced Friday they have entered into a Letter of Intent for a proposed merger of the companies. Under the LOI, Naked would issue the holders of ordinary shares of Bendon an aggregate of 118,812,163 shares of common stock of the Naked.

	Completion of the merger is subject to a definitive merger agreement to be negotiated between the companies and approval by Naked shareholders, which is expected in Q1 of 2017

	Naked closed Friday at $1.70, up 63.46 percent, trading as high as $3.68.

	Microsoft Acquires Maluuba

	The Deal:

	Microsoft has agreed to acquire Maluuba, which is involved in deep learning research for natural language understanding. Terms of the transaction were not disclosed

	Microsoft closed at $62.70 on Friday, up $0.09.

	Luxottica, Essilor to Merge in Stock Deal Valued at $48.83B

	The Deal:

	Essilor (OTC: <a class="ticker" href="/stock/esloy#OTC">ESLOY</a>) and Delfin announced Sunday the signing of an agreement under which the companies would merge with Luxottica Group (NYSE: <a class="ticker" href="/stock/lux#NYSE">LUX</a>). Under the terms of the agreement, Delfin will contribute its entire stake of approximately 62 percent in Luxottica to Essilor in return for newly-issued Essilor shares to be approved by the Essilor shareholders meeting, on the basis of the Exchange Ratio of 0.461 Essilor shares for 1 Luxottica share.

	Delfin would own between 31 percent and 38 percent of the shares of the new company, EssilorLuxottica and would be its largest shareholder.

	Luxottica closed at $103.98 on Friday, up $0.44.

	Noble Energy to Acquire Clayton Williams Energy for $139/Share in Cash, Stock

	The Deal:

	Noble Energy, Inc. (NYSE: <a class="ticker" href="/stock/nbl#NYSE">NBL</a>) and Clayton Williams Energy, Inc. (NYSE: <a class="ticker" href="/stock/cwei#NYSE">CWEI</a>) announced Monday that the Boards of Directors of both companies have unanimously approved and the companies have executed a definitive agreement under which Noble Energy will acquire all of the outstanding common stock of Clayton Williams Energy for $2.7 billion, or $139 per share in Noble Energy stock and cash.

	The deal is expected to close in Q2 of 2017.

	Clayton Williams Energy closed at $103.98 on Friday, down 2.27 percent.

Rumors

NAKD

Wall Street's M&A Chatter From January 13-16

Some of the stocks that may grab investor focus today are:
<ul>
<li>
		Wall Street expects Morgan Stanley (NYSE: <a class="ticker" href="/stock/ms#NYSE">MS</a>) to report quarterly earnings at $0.64 per share on revenue of $8.37 billion before the opening bell. Morgan Stanley shares gained 0.41 percent to close at $43.81 on Friday.</li>
<li>
		Analysts are expecting UnitedHealth Group Inc (NYSE: <a class="ticker" href="/stock/unh#NYSE">UNH</a>) to have earned $2.07 per share on revenue of $47.20 billion in the latest quarter. UnitedHealth will release earnings before the markets open. UnitedHealth shares fell 0.34 percent to close at $161.80 on Friday.</li>
<li>
		After the closing bell, United Continental Holdings Inc (NYSE: <a class="ticker" href="/stock/ual#NYSE">UAL</a>) is estimated to post its quarterly earnings at $1.38 per share on revenue of $8.85 billion. United Continental shares rose 0.43 percent to close at $74.32 on Friday.</li>
<li>
		Noble Energy, Inc. (NYSE: <a class="ticker" href="/stock/nbl#NYSE">NBL</a>) announced plans to acquire Clayton Williams Energy, Inc. (NYSE: <a class="ticker" href="/stock/cwei#NYSE">CWEI</a>) for $2.7 billion in cash and stock. Noble Energy shares rose 0.56 percent to close at $37.39 on Friday, while Clayton Williams Energy shares dropped 2.27 percent to close at $103.98 on Friday.</li>
<li>
		Analysts expect Comerica Incorporated (NYSE: <a class="ticker" href="/stock/cma#NYSE">CMA</a>) to report quarterly earnings at $0.87 per share on revenue of $728.22 million before the opening bell. Comerica shares gained 1.01 percent to close at $69.92 on Friday.</li>
</ul>

	Find out what&#39;s going on in today&#39;s market and bring any questions you have to <a href="http://premarket.benzinga.com/pre-market-show/">Benzinga&#39;s PreMarket Prep</a>.
<ul>
<li>
		Luxottica Group SpA (ADR) (NYSE: <a class="ticker" href="/stock/lux#NYSE">LUX</a>) and Essilor International SA (OTC: <a class="ticker" href="/stock/esloy#OTC">ESLOY</a>) agreed to merge in a stock deal valued at $48.83 billion. Luxottica shares rose 0.85 percent to close at $52.42 on Friday.</li>
<li>
		Wall Street expects CSX Corporation (NASDAQ: <a class="ticker" href="/stock/csx#NASDAQ">CSX</a>) to post quarterly earnings at $0.48 per share on revenue of $2.83 billion after the closing bell. CSX shares rose 1.09 percent to close at $38.80 on Friday.</li>
<li>
		Rambus Inc. (NASDAQ: <a class="ticker" href="/stock/rmbs#NASDAQ">RMBS</a>) disclosed that it has signed a five-year patent license agreement with Winbond. Rambus shares gained 0.43 percent to close at $13.94 on Friday.</li>
<li>
		Before the markets open, Bank Of The Ozarks Inc (NASDAQ: <a class="ticker" href="/stock/ozrk#NASDAQ">OZRK</a>) is projected to report its quarterly earnings at $0.69 per share on revenue of $217.09 million. Bank Of The Ozarks shares gained 2.73 percent to close at $53.46 on Friday.</li>
</ul>

OZRK

RMBS

Must Watch Stocks for January 17, 2017

Luxottica Group S.p.A.

럭셔리 시장은 중요한 전환점에 있으며, 레거시 브랜드들과 에스퍼레이셔널(aspirational) 플레이어들 간의 뚜렷한 경계가 나타나고 있다고 <a href="https://www.benzinga.com/general/biotech/24/07/39656549/exclusive-glp-1-weight-loss-drugs-could-become-a-trillion-dollar-market-predicts-tema-etfs-ceo">테마(Tema) ETFs의 CEO</a>인 마우리츠 팟(Maurits Pot)이 전했다.
벤징가(Benzinga)와의 독점 인터뷰에서 팟은 에르메스 인터내셔널 SA(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/hesay" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for HESAY" data-google-interstitial="false">HESAY</a>)와 페라리 N.V.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>)와 같은 고급 브랜드들은 충성도 높은 부유한 고객들에 의해 뒷받침되어 성과가 좋을 것으로 예상되는 반면, LVMH-모엣 헤네시 루이 비통(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/lvmuy" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for LVMUY" data-google-interstitial="false">LVMUY</a>) 및 버버리 그룹(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/burby" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for BURBY" data-google-interstitial="false">BURBY</a>)와 같은 더 많은 에스퍼레이셔널 브랜드들은 소비자 행동 변화와 중국 및 유럽과 같은 주요 시장에서의 경제적 둔화로 인해 더 큰 취약성에 직면할 것이라고 강조했다.
&#8220;럭셔리 시장은 전환기를 맞이하고 있으며, 진정한 럭셔리와 에스퍼레이셔널 브랜드들 간의 더 큰 차별화가 나타나고 있다&#8221;고 팟이 말했다.
특히 최근 실망스러운 결과를 보고한 LVMH와 같이 다수의 기업들이 실적이 부진한 상황에서, 팟은 거시경제적 역풍을 고려할 때 이러한 결과가 놀라운 것은 아니라고 강조했다.
팟은 투자자들이 이제 고급 브랜드와 더 많은 재량 소비를 겨냥한 브랜드 간의 명확한 구분에 집중해야 한다고 강조했다.
<h3 class="wp-block-heading">중국의 부양책이 럭셔리의 전망을 구원하지 못할 것</h3>
중국의 재정적 부양이 미치는 영향에 대해 논의하면서 팟은 회의적인 입장을 나타냈다. 그는 시장에 대한 잠재적 부양책에 대한 초기 흥분이 있었지만, 정부 지출의 실제 수혜자는 중국의 경제적 우선순위에 더 중앙집중적인 산업일 가능성이 높다고 언급했다.
&#8220;럭셔리 부문은 중국 부양책으로 인해 조기 부양을 받았다고 생각하지만, 궁극적으로는 정말로 정당화된 부양이 아니다&#8221;라고 팟이 말했다.
그는 중국 정부가 고급 국제 럭셔리보다는 국내 소비를 우선시할 가능성이 높아 중국 주도의 수요가 의미 있게 반등할 것이라는 의문을 제기한다고 강조했다.
<h3 class="wp-block-heading">인도: 럭셔리의 다음 성장 동력?</h3>
또한 중국 수요 둔화로 인한 공백을 인도가 메울 수 있을지에 대한 질문이 있다. 팟은 인도의 중산층 성장과 경제적 힘이 다음 성장 스토리가 될 수 있다고 암시했다.
&#8220;중국이 둔화됨에 따라 인도의 럭셔리 수요가 감소하는 중국 수요를 대체할 수 있을까? 이는 2025년에 대한 중요한 질문이다&#8221;라고 팟이 덧붙이며, 디올(Dior)과 같은 브랜드가 시장에 대규모로 투자하고 있는 인도의 럭셔리 공간에서의 존재감이 커지고 있음을 지적했다.
&#8220;2024년은 럭셔리 부문에 힘든 한 해가 될 가능성이 높지만, 2025년은 특히 인도가 주요 럭셔리 시장으로 떠오르는 경우 더 나아질 것이라고 믿을 이유가 있다고 생각한다&#8221;고 그가 덧붙였다.
<h3 class="wp-block-heading">관세와 미국 선거: 럭셔리에 미치는 잠재적 영향</h3>
미국 대선을 앞두고 팟은 관세와 그것이 럭셔리에 미칠 잠재적 영향에 대한 생각을 공유했다. 그는 관세가 아직 럭셔리 상품을 직접 겨냥하지 않았지만, 자동차와 같은 산업 제품에 대한 간접적인 결과가 있을 가능성을 언급했다.
&#8220;저는 관세가 소비재보다 산업 생산에 초점을 맞출 것이라고 생각하지만, 결국 럭셔리가 그 안에 포함될 수 있다,&#8221;라고 그가 덧붙였다.
<h3 class="wp-block-heading">하락 매수 기회를 위한 현금 보유</h3>
팟은 Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>)가 럭셔리 부문 변화에 어떻게 대응할 수 있도록 포지셔닝되었는지에 대한 통찰도 공유했다.
&#8220;포트폴리오의 거의 20%가 현금으로 보유되고 있다&#8221;고 그가 밝혔으며, 이는 펀드가 특히 재량 소비 럭셔리에 대해 조심스럽게 접근하고 있음을 설명했다. 재량 소비 럭셔리는 페라리, 에르메스 및 리치몬트(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/cfruy" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for CFRUY" data-google-interstitial="false">CFRUY</a>)와 같은 고급 브랜드들보다 더 큰 타격을 입었다.
&#8220;우리는 정말 고급 럭셔리에 대해 비중을 확대하고, 더 많은 재량 소비 럭셔리에 대해서는 비중을 축소하고 있다&#8221;고 그가 말했다.
 
지금 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">강력한 9월 소매 판매가 연준의 다음 조치를 의심스럽게 만든다: 금리 인하가 &#8216;확정적이지 않다&#8217;</a></li>
</ul>
이미지: Shutterstock


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독점: 테마 ETF의 CEO는 "럭셔리 시장은 '중요한 전환'을 겪고 있다"고 주장

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Tema ETF Trust Tema Luxury ETF

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에 대한 최신 뉴스 Tema ETF Trust Tema Luxury ETF (ARCA:LUX)

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