Streetbeat News

LVMUY

Lvmh Moet Hennessy Vuitton SE

https://www.lvmh.fr

CEO

Bernard Arnault

Employees

55,812

Industry

Women's Clothing Stores

Open

123.77

Mkt cap

308B

Volume

28K

High

123.82

P/E Ratio

20.82

52-wk high

191.63

Low

122.83

Div yield

0.02

52-wk low

120.03

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

Lucara Diamond Corp announced the discovery of a massive 2,492-carat diamond in Botswana, the second-largest gem-quality diamond ever found. The discovery was made using advanced X-ray technology at the Karowe mine. This highlights Lucara's effective diamond recovery methods and commitment to shareholder value. The SPDR S&P Metals & Mining ETF, which includes precious metals, has seen mixed performance recently.

Portfolio Pulse from Natan Ponieman

August 22, 2024 | 6:41 pm

Beyoncé has partnered with LVMH's Moët Hennessy to launch a new luxury whiskey brand, SirDavis, named in honor of her great-grandfather. This marks Moët Hennessy's first fully developed spirit brand in the U.S. The whiskey will be available for pre-order and is priced at $89 per bottle.

Portfolio Pulse from Ananya Gairola

August 21, 2024 | 10:04 am

Christian Dior SE (OTC:CHDRY), a subsidiary of LVMH (OTC:LVMUY), is under scrutiny for delayed UK supply chain disclosures and outdated certifications. The company has now published a 2023 modern slavery statement and claims to have ceased working with non-compliant suppliers. This comes as LVMH faces other challenges, including missed earnings expectations and a potential shift in CEO rankings.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 8:58 am

Michael Saylor's 2012 prediction about Apple stock has gone viral. Saylor, co-founder of MicroStrategy, has been bullish on both Bitcoin and Apple. His prediction that Apple would reach $2,000 a share has proven accurate on a split-adjusted basis. MicroStrategy's investment in Bitcoin has also paid off significantly.

Portfolio Pulse from Chris Katje

June 24, 2024 | 8:40 pm

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