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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix Earnings Show Wall Street’s Diverging Views On Streaming Growth PotentialThe company's first-quarter results didn't sway most finance experts from their previously held bull or bear opinions. A couple of them upgraded their stock price target though. Some of those Earnings need to be distributed back to the Talent that added the most value to the copyright once creatives discover the power of transparent immutable distributed ledger technology. We use Bitcoin protocol to send them payments the Play Button. Trustless Cash.
Source: THR - 🏆 411. / 53 Read more »