Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,431.54
    +263.47 (+0.66%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    70,209.95
    +525.42 (+0.75%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,541.25
    +10.65 (+0.70%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

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

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

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.