Streetbeat News

LVMUY

Lvmh Moet Hennessy Vuitton SE

https://www.lvmh.fr

CEO

Bernard Arnault

Employees

55,812

Industry

Women's Clothing Stores

Open

143.92

Mkt cap

362B

Volume

22K

High

145.10

P/E Ratio

27.72

52-wk high

191.63

Low

143.35

Div yield

0.02

52-wk low

119.56

LVMH Moët Hennessy-Louis Vuitton's stock fell due to the White House's decision to impose tariffs on Canada, Mexico, and China. However, tariffs on Mexico and Canada have been paused for a month.

Portfolio Pulse from

February 03, 2025 | 10:30 pm

LVMH shares rose significantly following a strong earnings report from luxury peer Richemont, indicating a potential recovery in the luxury sector.

Portfolio Pulse from

January 16, 2025 | 8:15 pm

The U.S. Surgeon General released an advisory linking alcohol consumption to increased cancer risk, impacting stocks of companies in the alcoholic beverage industry, including Boston Beer, Molson Coors, and LVMH Moet Hennessy.

Portfolio Pulse from

January 03, 2025 | 7:30 pm

The luxury market is at a critical turning point, with high-end brands like Hermès and Ferrari expected to outperform, while aspirational brands like LVMH and Burberry face challenges. Tema Luxury ETF is positioned cautiously, holding cash for potential dip-buying opportunities.

Portfolio Pulse from Piero Cingari

October 19, 2024 | 4:00 pm

LVMH reported a 6% organic growth for the first nine months of the year, with total revenue of €60.8 billion. However, Q3 revenue fell short of expectations at €19.08 billion compared to the estimated €20.33 billion. The fashion and leather goods segment also underperformed, with revenue of €9.15 billion versus the expected €9.82 billion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:50 pm

Elon Musk is predicted to end 2024 as the world's richest man, despite a 10% drop in Tesla's stock price. Prediction markets give Musk an 82% chance of retaining the title, with significant wealth gains for other tech leaders like Mark Zuckerberg and Larry Ellison.

Portfolio Pulse from Chris Katje

October 12, 2024 | 1:00 pm

LVMH, led by Bernard Arnault, has secured a 10-year sponsorship deal with Formula One, following its significant presence at the Paris Olympics. This move highlights LVMH's strategy to leverage global sports events for brand visibility.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:01 pm

LVMH has sold Off-White LLC, the company owning the Off-White brand, to Bluestar Alliance. The terms of the transaction have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:04 pm

Bernard Arnault, CEO of LVMH, has seen his net worth drop by $54 billion due to a 16% decline in LVMH's stock price. This has moved him from the world's richest person to nearly fifth place. The luxury goods market's volatility and LVMH's challenges, including a mere 2% revenue increase and an 8% drop in income, have contributed to this decline.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 6:02 am

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