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Luxury Brand Companies
Posted on 11/12/20 at 10:30 am
Posted on 11/12/20 at 10:30 am
As Covid comes to a finale, I expect that we’ll see a pandemic rebound where people shed the frumpy lifestyle and start “living large”. With that will come a desire for luxury goods.
Brands like Gucci, Rolex, rolls Royce, Porsche, Tiffany, coach etc will all come into vogue
I’m looking for a few good stocks to fall into the category of luxury. An ETF would be good too.
Any suggestions?
Brands like Gucci, Rolex, rolls Royce, Porsche, Tiffany, coach etc will all come into vogue
I’m looking for a few good stocks to fall into the category of luxury. An ETF would be good too.
Any suggestions?
This post was edited on 11/13/20 at 5:11 am
5
Posted on 11/12/20 at 10:32 am to SlidellCajun
FTCh
Posted on 11/12/20 at 10:37 am to cgrand
quote:
FTCh
Interesting
Never heard of that one. Big news has been moving the stock.
Definitely will put on my watch list
Thanks
Posted on 11/12/20 at 10:43 am to SlidellCajun
Lvmuy
Posted on 11/12/20 at 10:46 am to SlidellCajun
From what I've seen among businesses like nail shops, hair dressers and day spas, once allowed to re-open there was a brief surge in pent up demand, but it didn't take it long for it drift down to <50% of pre-pandemic business.
Also, people are afraid to spend money for a lot of reasons. Rich trust fund babies and high income earners sheltered from the lock-down damage are an exception. My wife and her friends own businesses as mentioned and usually buy a lot of the designer brands, but not these days.
Also, people are afraid to spend money for a lot of reasons. Rich trust fund babies and high income earners sheltered from the lock-down damage are an exception. My wife and her friends own businesses as mentioned and usually buy a lot of the designer brands, but not these days.
This post was edited on 11/12/20 at 1:39 pm
Posted on 11/12/20 at 10:56 am to SlidellCajun
RACE (Ferrari) has been strong throughout COVID and for many years going back.
Posted on 11/12/20 at 11:30 am to LSUcam7
The interesting thing about RACE is that Ferrari isn’t just a car brand, it’s also a major seller of luxury goods and licensing. Last time I looked, it was the most profitable of the auto manufacturers. Being a gear head, I’ve been following it since it went public.
So why didn’t I stick some in my investment account when it was bouncing around 100? Well, same reason I didn’t buy (steal) the 308 GTS that a desperate seller wanted to unload for 27 grand a few years back. I sometimes get infected with bouts of stupid.
So why didn’t I stick some in my investment account when it was bouncing around 100? Well, same reason I didn’t buy (steal) the 308 GTS that a desperate seller wanted to unload for 27 grand a few years back. I sometimes get infected with bouts of stupid.
Posted on 11/12/20 at 3:20 pm to cgrand
quote:
FTCH
crushed earnings, spiking over 50 after hours
Posted on 11/12/20 at 3:53 pm to cgrand
Ref: FTCH
Yeah this thing is seriously hot. May wait to get in on a dip.
And I had no idea that Ferrari was a public company. Kinda sorry to hear that but I love Ferrari’s and would love to own that stock.
Yeah this thing is seriously hot. May wait to get in on a dip.
And I had no idea that Ferrari was a public company. Kinda sorry to hear that but I love Ferrari’s and would love to own that stock.
This post was edited on 11/13/20 at 6:16 am
Posted on 11/18/20 at 1:50 pm to SlidellCajun
quote:
And I had no idea that Ferrari was a public company. Kinda sorry to hear that but I love Ferrari’s and would love to own that stock.
Although the F1 team has no connection to the automotive company's stock, kind of ironic to see that RACE hit an all time high the same week that Seb Vettel got his first podium of the season - the team and especially Vettel are having a dismal season. Just hit 213.68 today.
And no, I still don't own it. Didn't scoop up any TTM (owner of Jaguar) when it was hovering around 9 a couple of weeks ago either - currently at 11.73.
Posted on 11/18/20 at 5:38 pm to SlidellCajun
I know someone in jewelry and the surge is already happening. Think how they can’t take that big anniversary trip. Here’s a Rolex instead.
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