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It's a classic and luxury will always be bought, but... CHINA... we have become too dependent on it and the comrades are haunted... Enough with the western decadence... You will drink the Rice brandy... Cognac is anti-human.
LVMH Shares Fall
- Share drop:
- Shares of LVMH $MC.PA fell more than 4% at the market open on Wednesday.
- Reason for the drop:
- The company reported second-quarter revenue growth that fell short of expectations.
- Revenue rose 1% to 20.98 billion euros ($22.76 billion), while analysts had forecast 21.6 billion euros.
- Impact on other luxury companies:
- Other luxury stocks...
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I bought a few pieces yesterday too, we're getting some really interesting prices.
📈📊 Weekly event summary for the upcoming week!
This week is already going to be very interesting and the results of these companies can move the whole market.
Monday: Before the markets open , we will hear results from telecom company Verizon $VZ and luxury brand maker LVMH $MC.PA 🍾 Will the growth of the luxury segment continue?
Tuesday: EXISTING HOME SALES: 🏡 What's the mood of...
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I look forward to seeing all the results! I'm very curious to see what direction the indices take. Because good numbers don't automatically mean growth.
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I've been shopping this week, it doesn't look expensive to me. At some values it currently looks 10-20% cheaper than the 5 year average.
I see $MC.PA stock is down quite a bit this year. For this year, $MC.PA stock is down about 3%, but over the last six months, the stock is down more than 20%. The current share price still looks expensive to me, however, if the stock were to get below $625, I would be buying.
How do you view this company and at what price do you buy shares of this company?
This week I was looking at the shares of LVMH, a group that manufactures and sells luxury goods and has several well-known companies under it. The current share price doesn't look bad to me at all and the stock has been rising very nicely over the long term.
How do you feel about this company and do you have $MC.PA stock in your portfolio?
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https://zpravy.aktualne.cz/zahranici/za-spatne-obleceni-pokuta/r~ad69f8be56e511ee9ae20cc47ab5f122/ I came across this article a while ago which relates to my comment where I fear China is turning away from capitalism to somewhere it was a few decades back. With Xi trying to promote nationalism and national pride, one day the law may well be that it will basically mean "buy only Chinese products or we'll send you to jail".
The slump is very good for shopping. I have already established a base position and will be overbought.