September 24, 2024 08:17 GMT
Luxury goes bid on China's o/n announced stimulus measures
CONSUMER CYCLICALS
- LVMH +4.5%, Richemont +4.6%, L'Oreal +3.5%
- Burberry +4.6%, Kering +5.4%
We have no credit concerns with LVML, L'Oréal or Richemont - all reported relatively firm results last quarter. Caution on other other two that have brand issues - similar to Airlines going bid on falling oil - questionable if any relevance for RV.
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