PPRUF - LVMH: Never Bet Against This Luxury Retailer

2024-04-18 17:09:45 ET

Summary

• LVMH Moët Hennessy investors who defied market pessimism during the January 2024 lows have outperformed the market easily.
• LVMH's recent Q1 report disappointed, with only a 3% uptick in organic growth and notable challenges in the wines and spirits segment.
• LVMH has a well-diversified business. However, fashion and leather goods remain the group's key growth drivers.
• While the valuation dislocation in LVMHF has dissipated, I believe its growth could bottom in Q1.
• As LVMHF continues its uptrend continuation bias toward its all-time highs, it's still timely to buy more shares.

LVMH Posted A Weak Q1 Report. So What?

LVMH Moët Hennessy - Louis Vuitton, Société Européenne ( LVMHF , LVMUY ) investors who ignored the steep plunge toward its January 2024 lows and accumulated, have done remarkably well. Notwithstanding LVMHF's recent pullback from its March 2024 highs, it has still easily outperformed the S&P 500 (SP500, SPX , SPY ) since my previous article in January, urging investors to capitalize on the LVMHF pessimism. ...

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