LVMUY
📉 LVMH, a bellwether for the luxury sector, is set to report quarterly earnings amidst falling profit estimates and a significant sell-off in luxury stocks.
💸 The luxury sector has seen substantial value erosion, with a Goldman Sachs basket losing over $200 billion since its peak, partly due to trade war concerns.
📊 LVMH shares are down nearly 50% from their 2023 highs, raising questions about current valuation versus previous market highs.
@bernardodegarcia:
“We probably don’t have movements in Louis Vuitton because it’s OTC, but surely, obviously, we have them here, MC. There they are, fantastic. The shares are moving up 1%, a tremendous fall as we are observing, as markets seek to understand the potential impact of tariffs and scrutinize any comments regarding Louis Vuitton’s earnings. The luxury sector benchmark, after the closing of European markets today, will have its quarterly results and will inform us. The owner of Louis Vuitton is one of the first major companies to present first-quarter results amid falling profit estimates and a violent wave of stock sales triggered, as we know, by Trump’s trade war. The rebound in luxury stocks in January is a distant memory, as a basket of sector stocks compiled by Goldman Sachs has lost more than $200 billion since its peak. And well, I don’t need to tell you anything, effectively, since the peak we had in 2023, we are practically at a 50% cut right now. I wonder, is it 50% worse than it was in 2023, or perhaps Louis Vuitton in 2022 wasn’t really 100% better than it was compared to 2023? Well, we’ll see. Much curiosity, obviously, as you know. We hope to cover them during the live stream; if I forget, ask me because I always end up forgetting things.”
Watch the exact part of the video where @bernardodegarcia talks about LVMH Moët Hennessy – Louis Vuitton here:
Watch the video on YouTube
Read more articles analyzing LVMH Moët Hennessy – Louis Vuitton (LVMUY) at the following link. LVMUY stock.
