LVMH Moët Hennessy Louis Vuitton SE (LVMUY)
Why Boston Beer, Molson Coors, and LVMH Moet Hennessy Stocks All Slipped on Friday
Bad news for imbibers, as well as for investors in companies that manufacture and distribute alcoholic beverages today: On Friday, the U.S. Surgeon General released an "advisory" statement on the relationship between alcohol and cancer, linking alcohol consumption to "increasing risk for at least seven types of cancer."
2 Dividend Stocks You Can Buy Cheaper Than These Billionaires Did
One constant investors can count on is the reliability of dividend stocks to see them through periods of volatility.
LVMH price target raised to EUR 630 from EUR 620 at Morgan Stanley
Morgan Stanley raised the firm's price target on LVMH to EUR 630 from EUR 620 and keeps an Equal Weight rating on the shares. The firm updated its model for the latest French corporate tax news, saying the risk/reward has been updated. Morgan Stanley previously modelled the full tax surcharge in 2024 and the half surcharge in 2025, but now models a 2024 tax rate of 26.2%, the tax rate thereafter as 27%.
Why LVMH Moët Hennessy Stock Topped the Market Today
The company's valuations are cheap, but it has a powerful and high-profile product lineup.
Why LVMH Moët Hennessy Stock Tumbled on Tuesday
A dispiriting revenue update dampened investor enthusiasm for the company.
Why LVMH Moët Hennessy Stock Was Sinking Today
An analyst enacted a fairly deep price-target cut on the shares. Despite that, he didn't change his recommendation.
Beyoncé Just Partnered With This Luxury Brand, Up 1,320% All Time. Is the Stock a No-Brainer Buy?
LVMH Moët Hennessy's worst-performing business segment during the first half of 2024 was in alcohol spirits. Many celebrities have witnessed great success endorsing alcohol brands, but the whisky market looks largely untapped.
LVMH: Expectedly Disappointing, But There Could Be Upside Ahead
LVMH reported expectedly weak interim results yesterday, further confirming the ongoing slowdown in the luxury market. Despite weakness in reported revenues and profits, however, pockets of positivity exist. Organic revenue managed to grow, margins are still strong and the US market is resilient. Further price drop will soon make LVMH attractive once again. For now though, further erosion of investor capital is likely.
LVMH Sales Slip Shows Impact of China Weakness, Frugal Consumer
LVMH's (LVMUY) second-quarter results, with tepid sales disappointing investors, showed that the pullback by consumers on high-end items and cooling Chinese spending is affecting even the world's largest luxury firm.
Why LVMH Stock Slumped by More Than 3% Today
The surprising political development threw investors for quite a loop. They seem to have overreacted to the news, however.
