Is LVMH Stock a Buy?
I started a position in LVMH Moet Hennessy L.V. (OTC: LVMUY), the world's largest luxury company, in early 2019. I accumulated more shares throughout the year, then held on throughout 2020 even as it struggled with the unrest in Paris and Hong Kong, higher tariffs on European goods in the U.S., and the COVID-19 pandemic.
I remained bullish on LVMH for three reasons: Its business is well-diversified, its headwinds are temporary, and affluent shoppers usually continue shopping through economic downturns. Many investors seemed to agree, and my position in LVMH is now up more than 80%.
But does LVMH still have more room to run this year? Let's dig deeper to find out.
Source Fool.com
