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Why Capri and LV Moet Hennessy Show the Luxury Bull Run Isn't Over

·4-min read
Why Capri and LV Moet Hennessy Show the Luxury Bull Run Isn't Over
In this article:
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After half a year or more of growth, luxury stocks such as LVMH Moet Hennessy Louis Vuitton (OTC: LVMHF) and Capri Holdings (NYSE: CPRI) took a hit recently when China cracked down on Macao casinos as part of a wider cultural offensive against westernization. After getting bid down, however, the luxury sector got a boost this week when Moet Hennessy's third-quarter 2021 results came in strong. The positive data that perked up the stock market arguably provides a basis for a bullish outlook -- with a few lingering caveats.

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