Stock Movers LVMH Down, Rheinmetall Up, CVC Rises
Jul 4, 2025
The podcast dives into the impact of China's anti-dumping duties on European brandy, affecting stocks like LVMH. They explore Rheinmetall's recent success, securing a multi-million Euro defense contract that boosts its stock. CVC Capital receives a positive upgrade from JP Morgan, thanks to consistent exit volumes in the private markets. The discussion highlights broader market trends and how luxury brands and defense contractors are navigating current challenges.
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China's Brandy Tariffs Impact
- China imposed anti-dumping duties on EU brandy imports ranging from 27% to 35%.
- Drink stocks like LVMH and Remy Cointreau dropped but rebounded with hopes of price undertakings to avoid tariffs.
Rheinmetall's Defense Boom
- Rheinmetall expects a big jump in defense orders after a large artillery ammo order from a NATO country.
- Analysts predict orders could total 70 billion euros, potentially boosting the stock another 30%.
Private Equity vs. Asset Managers
- Private equity, exemplified by CVC Capital, benefits from resilient exit volumes fueling positive outlooks.
- Traditional asset managers like DWS face outflows, showing divergence in financial sector performance.