Luxury brands and goods work great, but cars aren't far behind either.
Ferrari $RACE+0.5% has been breaking through the stable to new heights in recent months, and the current trend seems absolutely unbreakable.
The stock has gained over 40% since the beginning of the year.
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I have to say, it's interesting and I would love to buy shares in a company with a luxury brand. Well, thanks for the tip.
Ferrari is a very strong brand and even though they are growing now, they still have potential. But I don't have representation in this sector.
I don't have them either, but I've been looking at them on covid. I'm a little sorry now, but what can you do...
What I liked about the luxury car brands was that even last year, when everyone was expecting a crisis and an apocalyptic scenario, these companies were talking about record deliveries and assured demand for the next few months and years ahead. A really cool industry.
The stock's up a lot. Now it's really a megatrend.