Luxury stocks are on a tear and now there's an index to follow the 1%

Luxury stocks are on a tear, and they are pulling away from the other 99% of the world. Birinyi Associates sees an opportunity.

is the largest luxury firm in the world. Its recent earnings report was so strong the stock has broken out to an historic high. sales Fashion/leather goods: +18% Watches/jewelry: +11% Selective Retail +30% Sales were strong all over the world, with Europe up 24%, Japan ahead an even stronger 34%. Christian Dior, Moncler, Richemont, Hermes. All reported strong results as well. The fact that the "1%" crowd is still spending strong hasn't gone unnoticed on Wall Street.

Ferrari Moncler Brunello Cucinelli Burberry Hugo Boss Richemont Tapestry EssilorLuxottica Kering Christian Dior Mercedes-Benz Porsche PRADA Hermes BMW The 99% index Levi Strauss Big Lots Fast Retailing Walmart Hershey Bath & Body Works Gap Hormel Foods H & M Target Anheuser-Busch Hanesbrands Ford Ralph Lauren Gildan General Motors Foot Locker Dollar Tree No surprise, luxury has been outperforming: The 1% vs.

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