Core Viewpoint - Despite high market uncertainty, certain consumer stocks are still considered undervalued and have potential for long-term gains [1] Group 1: Conagra Brands - Conagra Brands has seen a rally since early 2026 but remains down over 20% in the past year due to inflation and changing consumer habits [4] - The company has initiated "Project Catalyst," an AI-based initiative aimed at revamping its core business, though its success remains to be seen [5] - Potential recovery catalysts include selling underperforming brands and acquiring faster-growing ones, alongside a high dividend yield of 7.6% at current prices [6] Group 2: Macy's - Macy's shares have surged nearly 75% over the past six months due to cost-cutting measures, store closures, and targeting affluent customers [7] - The stock trades at a low valuation of 12 times forward earnings compared to competitors like Kohl's at nearly 20 times [8] - The recent bankruptcy of competitor Saks Global may provide Macy's with further opportunities for valuation expansion [9] Group 3: Signet Jewelers - Signet Jewelers' shares have increased by 80% over the past year, driven by successful changes under CEO J.K. Symancyk [10] - The company has embraced lab-grown diamonds and differentiated its retail brands, leading to better-than-expected quarterly results, although earnings growth for the fiscal year is estimated at only 4% [11] - Forecasts for the current fiscal year suggest earnings growth could reach 19.7%, indicating potential for valuation expansion from its current low of 8.5 times forward earnings [12]

Market and Performance Overview - Emerging markets advanced 4.7% in Q4 2025, finishing as one of the best-performing global equity asset classes, with the MSCI Emerging Markets Index rising 33.6% for the year, outperforming the MSCI EAFE Index (+31.2%) and the U.S. S&P 500 Index (+17.9%) [2] - Performance in Q4 was led by Korea and Taiwan, with Korean equities soaring 27.3% driven by a 50% gain in the IT sector, while Taiwanese stocks climbed 10.4% due to AI-related momentum [3] Sector Performance - The IT sector gained 16.4%, bolstered by AI-related stocks, while the materials sector advanced 11.6% as gold prices rose over 10% and copper prices hit record highs [6] - Energy, financials, and industrials sectors outperformed the index, while consumer discretionary, communication services, health care, and real estate underperformed [6] Company Highlights - SK Hynix saw its shares soar over 80% in Q4 and nearly tripled for the year due to increased demand for DRAM and NAND memory, particularly for AI workloads [7] - Samsung Electronics also experienced strong performance, benefiting from memory shortages that enhanced pricing power [7] - Taiwan Semiconductor, a leading manufacturer of high-end chips for Nvidia, significantly outperformed the benchmark [7] Regional Contributions - Significant contributors included China's Sieyuan Electric and Korea's HD Hyundai Electric, supporting AI data center buildouts [10] - Capitec Bank in South Africa delivered strong financial results, while Titan, an Indian jewelry retailer, showed encouraging performance despite India's overall underperformance [10] Detractors - Alibaba and Tencent surrendered gains due to a broader rotation out of China, while Contemporary Amperex Technology also faced declines [11] - MercadoLibre remained weak amid competition concerns in Brazil, and Apollo Hospitals detracted due to its large portfolio weight in a lagging Indian market [12] Portfolio Positioning - The strategy added four new positions, including Raia Drogasil and Nu Holdings in Brazil, while exiting positions in B3 S.A. and Proya Cosmetics [13][14][17] - Upgraded exposure in Indonesia by replacing PT Bank Rakyat Indonesia with PT Bank Central Asia, which has a strong deposit franchise [15] Outlook - The emerging market recovery is viewed as being in its early stages, with appealing valuations and supportive macroeconomic drivers [18] - Anticipated increased foreign investments into EM equities, driven by lower valuations and stronger economic growth [19] - The Chinese economy shows signs of increased stability, with improved trade relations and a more optimistic outlook [20] - Emerging markets offer opportunities in world-class companies with technological innovation, particularly in sectors like industrial automation, e-commerce, and fintech [21] - India remains a focus due to its large population and status as the fastest-growing major global economy, despite challenges faced in 2025 [22] Portfolio Highlights - The ClearBridge Emerging Market Strategy outperformed its benchmark in Q4, with gains across five of the nine sectors invested [23] - Stock selection in IT and industrials sectors contributed positively, while communication services and an underweight in materials detracted from performance [24] - Leading contributors included SK Hynix, Samsung Electronics, and Capitec Bank, while Tencent, Alibaba, and MercadoLibre were primary detractors [25]

Core Viewpoint - Gold prices have experienced a significant decline after a strong rally, with the April gold futures price dropping below $4,800 per ounce, marking a decline of over 10% [1]. Price Movements - On January 30, the spot gold price fell by more than 12%, reaching a low of $4,682 per ounce, and closed down 9.25% at $4,880.03 per ounce [1]. - The domestic gold jewelry prices have also been adjusted downward, with most products seeing a price drop of around 80 yuan per gram within two days [1]. - Major gold brands in China, such as Chow Tai Fook and Chow Sang Sang, reported significant price drops, with Chow Tai Fook's gold price falling from 1,706 yuan per gram on January 29 to 1,625 yuan per gram on January 31, a decrease of 81 yuan over two days [11]. Market Sentiment - Consumers are reacting to the price drop by purchasing gold, with reports of long queues at gold recycling centers and increased buying activity in investment gold bars [1][3][6]. - A consumer in Beijing spent over 200,000 yuan to buy 200 grams of gold, expressing confidence in gold as a long-term investment despite short-term price fluctuations [3]. - In Nanchang, consumers are also eager to buy gold, fearing further price increases, with one individual stating they were ready to spend tens of thousands of yuan due to the recent price drop [6]. Market Analysis - The recent drop in gold prices is attributed to an overheated market, with volatility nearing historical extremes and speculative funds showing signs of profit-taking [14][15]. - The gold price's steep ascent has been rare, with monthly increases exceeding 20% being historically uncommon since 1968 [15]. - The market is currently characterized by a cautious short-term outlook but maintains a long-term optimistic view on gold prices [14]. Regulatory Changes - Major banks, including Agricultural Bank of China and Bank of Communications, have increased risk assessment requirements for clients engaging in gold-related transactions following the recent volatility [17][19]. - Agricultural Bank has mandated that clients must have a cautious risk tolerance level or higher to participate in certain gold investment activities [17]. - Bank of Communications has adjusted its policies to allow only clients with higher risk tolerance to engage in all gold wallet services, while those with lower risk assessments face restrictions [19]. Price Forecast - Some market analysts expect gold prices to rebound, with predictions that prices could rise to around 1,500 yuan per gram during the upcoming holiday season [8].

Phoenix, AZ, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Cate & Chloe announced a Valentine’s Day gifting spotlight featuring hoop earrings and select jewelry styles currently listed on Walmart.com, including the Cate & Chloe Lauren 18k white gold plated twisted hoop earrings with Swarovski® crystals. Cate & Chloe Lauren 18k White Gold Plated Twisted Hoop Earrings The Lauren hoop earrings are listed in multiple color options on Walmart.com at a current price of $18.99, shown alongside a “was” price of $130.00 on the ...

Company Overview - Signet Jewelers Limited (NYSE:SIG) is a diamond retailer that operates various store brands, including Kay, Zales, and Jared, as well as online platforms [2]. Stock Valuation - Jim Cramer expressed concerns that Signet's stock may be overvalued, suggesting it is trading at 9 times earnings, which he considers high [1]. - Cramer acknowledged the company's strong management under Jim Symancyk and noted that the earnings numbers are good, indicating a need for a stronger case to maintain a short position on the stock [2]. Market Context - The impact of gold and silver prices on Signet's earnings was discussed, with Cramer stating that while gold affects jewelry costs, silver's industrial uses are not likely to materially impact major companies' earnings [1].

据每日经济新闻消息：黄金盘中一度涨破4990美元，白银站上100美元大关，最终，现货黄金收涨0.92%，报4981.31美元/盎司；COMEX黄金期货涨 1.42%，报4983.1美元/盎司。现货白银涨7.48%，报103.34美元/盎司；COMEX白银期货涨7.15%，报103.26美元/盎司。 24日，记者查询到：周生生足金饰品标价1551元/克，较 | 9 1 每日金价 老庙黄金 | | --- | | 前老庙 | | 今日金价 | | 名称 价格(人民币/克) | | 1560.00 足金饰品 | | 铂金饰品 860.00 | | 工艺金条 1385.00 | | 2026年01月24日 | | 以上为上海区域金价,全国其它地区请以门店每日公示金价为准。感 | | 谢您的支持,祝您生活愉快,好运莲莲! | 1月22日，话题"胖东来金饰每克便宜200元"登上热搜。 记者致电胖东来许昌时代广场店，工作人员告知，当日线下人流量较大，"已经排满了，都是来看黄金的"。工作人员提醒，顾客购金可前往线下直接挑 选，或在胖东来珠宝小程序进行预约。 | 品类 | 价格 | | --- | --- | | 足金饰品(普 ...

Core Insights - Signet Jewelers Limited (NYSE:SIG) is recognized as one of the best jewellery stocks to invest in currently [1] Group 1: Analyst Coverage and Ratings - Goldman Sachs initiated coverage on Signet Jewelers Limited on December 11, 2025, with a Neutral rating and a price target of $96, as part of its expansion into the retail clothing sector [2] - Jefferies raised its price target for Signet from $130 to $150 while maintaining a Buy rating, citing a positive shift in sales and earnings due to lab-grown diamonds becoming a tailwind [3] Group 2: Market Position and Trends - Signet Jewelers Limited operates as a retailer of diamond jewellery, indicating its focus on the luxury goods market [4]

Core Insights - Lab-grown diamonds (LGDs) are significantly transforming the fashion jewelry market, with Signet Jewelers Limited (SIG) positioned as a key beneficiary of this trend [1][2]. Sales Performance - In Q3 of fiscal 2026, Signet achieved a 3% year-over-year same-store sales growth, marking its third consecutive quarter of positive comparable sales [2][10]. - The three largest brands of Signet—Kay, Zales, and Jared—experienced a combined 6% same-store sales increase, reflecting strong performance in both bridal and fashion categories [2][10]. Market Trends - LGDs now account for approximately 15% of fashion jewelry sales, nearly doubling from the previous year, driven primarily by younger and mid-tier consumers [3][10]. - The average unit retail (AUR) for fashion jewelry increased by 8% year-over-year, supported by a favorable mix towards higher-AUR LGD fashion and rising gold prices [4][10]. Margin Expansion - Signet reported an 80 basis points increase in merchandise margin, aided by refined pricing strategies, reduced promotions, and a favorable shift towards LGD fashion [6][10]. Future Outlook - Management anticipates continued growth for LGDs as a significant driver of fashion category expansion, indicating a long runway for this segment [6]. Valuation Metrics - Signet's stock has increased by 15.9% over the past six months, slightly underperforming the industry growth of 16.6% [7]. - The forward 12-month price-to-sales ratio for Signet is 0.55, which is lower than the industry average of 0.96 [8]. Earnings Estimates - The Zacks Consensus Estimate for Signet's fiscal 2026 earnings suggests a year-over-year increase of 3.1%, with an 11.3% growth projected for fiscal 2027 [11].

Group 1 - AVG Logistics has acquired a land parcel of 2,295 square metres in Tahliwal, Himachal Pradesh for a warehouse and ancillary unit, located near a Nestlé factory, providing strong infrastructure support and easy access to manpower [1] - Adani Green Energy Ltd has incorporated a new step-down subsidiary, Adani Ecogen Five Ltd, which operates as a wholly-owned entity within the Adani Green Energy group [2] - Titan Co Ltd reported a 40% annual growth in standalone revenue during the December quarter of FY26, driven by a 41% YoY growth in its jewellery division, which constitutes around 85% of its business [3] Group 2 - IRB Infrastructure Trust has secured a toll-operate-transfer project from NHAI in Odisha for an upfront consideration of ₹3,087 crore, marking its entry into the Odisha market [4] - Acme Solar Holdings Ltd has successfully commissioned 12 MW of its upcoming 100 MW wind power project in Gujarat, with the commissioning certificate issued on January 6, 2026 [5] - Biocon Ltd's arm Biocon Biologics will introduce three new oncology biosimilars at the 2026 JP Morgan Healthcare Conference, enhancing its cancer portfolio [6] - Ceigall India has approved the incorporation of Ceigall Green Energy MP Ltd as a wholly-owned subsidiary to implement a solar power project in Madhya Pradesh with an aggregate capacity of 130 MW [7] - Delta Electronics India has announced an agreement to supply 100 units of 1.1 MW bi-directional Power Conditioning Systems for Battery Energy Storage System projects across India, supporting renewable integration and grid stability [8]

Core Viewpoint - The implementation of the "zero tariff" policy for imported vehicles in Hainan Free Trade Port has generated significant public interest, but the benefits are limited to enterprises engaged in transportation and tourism, not individual consumers [1][2][3]. Group 1: Policy Details - The "zero tariff" policy allows eligible imported vehicles to be exempt from customs duties, value-added tax, and consumption tax, significantly reducing vehicle prices [1][2]. - The policy is applicable only to enterprises that operate in transportation or tourism, requiring vehicles to be used for business purposes and equipped with satellite positioning systems [2][3]. - Companies must meet specific criteria, such as owning at least 15 operational vehicles for three years or importing a minimum of 15 zero-tariff vehicles at once [3]. Group 2: Market Response - Following the announcement of the policy, there was a surge in interest, with many consumers expressing a desire to travel to Hainan to purchase vehicles, despite the restrictions [1]. - On the first day of the full closure operation, Sanya reported a sales figure of 1.18 billion yuan in duty-free sales, with a significant increase in customer traffic and sales compared to the previous year [4]. - The demand for other duty-free products, such as electronics and gold, has also risen, indicating a broader consumer interest in the benefits of the new policy [6][4]. Group 3: Consumer Restrictions - Individual consumers are not eligible to purchase zero-tariff vehicles, and any claims by businesses offering to facilitate such purchases should be approached with caution, as they may be fraudulent [3]. - Vehicles purchased under the zero-tariff policy cannot be freely transferred and must remain registered for operational use, with strict regulations on their usage outside Hainan [3].