Andrew Bary’s Top Stock Picks
Barron's Streetwise
00:00
LVMH Stock
- LVMH, a leading luxury goods company, has seen flat sales despite the increasing wealth of the rich.
- This is partly due to issues in China, one of their biggest markets.
- The stock is down about 20-25% this year, trading around $130 compared to its high of $200.
- CEO Bernard Arnault, one of the world's richest men, has been personally buying the stock.
- The company is known for rarely discounting its products, prioritizing brand value over short-term profits.
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