by Daniela Turri
Technical analyst of financial markets (futures, indices, shares, currencies, commodities, cryptocurrencies) and financial consultant. He bases his analyzes and projections on graphic reading, using various techniques as well as the general principles of graphic technical analysis. He also carries out training activities through webinars and seminars. Freelance journalist collaborates with La Verità.
On Wall Street, the Levi Strauss & Co. stock rose by +19.80%, one of the largest clothing companies in the world with stores in more than 110 countries. The purchasing impulse, which brought prices back to 2022 levels, was triggered by the improvement in the group’s annual profit forecasts, thanks to the measures recently adopted by the new CEO, who took steps to cut costs and improve sales direct to the customer (through proprietary stores and online shopping). The direct-to-customer sales channel accounted for nearly half of total revenue in the first quarter ended Feb. 25. Levi’s price/earnings multiple is at 14.23; competitors Under Armor (11.48) and Gap (17.97).
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