Where to buy LVMH?
Hi James and the team! Thanks for all your help! LVMH - which country would be the best to buy in (UK, FR, GER, CH)? It's had a pullback but has run hard. Any thoughts? Thanks, Kim
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Answer
Hi Kim,
I would buy LVMH on Euronext Exchange (MC FP) which is in Euro’s or if you do want to hold in $US is also trades in the US (LVMHF US). We like the high end fashion label but as you say it has run hard and the stock has struggled since announcing rising profits / sales in July as the world started to recover from COVID. Hence at this stage MM will consider the stock if it falls under 600 Euros. This firs our more cautious stance towards retailers who are cycling off very strong FY21 run rates.
