Richemont Climbs, Puig Falls, Julius Baer Drops

Today'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.

- Julius Baer saw client inflows slow for the first four months of the year, with the bank’s continued de-risking efforts weighing on the Swiss wealth manager’s growth aspirations. A number of analysts described the numbers as “disappointing,” and shares were down as much as 9.25% in early trading in Zurich.

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