LVMH. LVMH Buy @ Euro772
LVMH scores 9/9 on technical indicators with the Amundi Global Luxury UCITS ETF (UCITS means UK investors can buy the shares) scoring 3/3 and the French CAC 40 index scoring 3/3. So the interesting thing is to see how LVMH features on the fundamentals to find that extra 1/10. In the process Bernard Arnault, the biggest shareholder in LVMH, has become the world's richest man with a staggering fortune of $182.8bn, before the latest surge in the shares of LVMH. I thought I would spell that out in numbers - $182,800,000,000. This guy is well into Rockefeller territory where it was noticed that if Rockefeller went into a store and spent $100,000 he would still be richer when he came out than he was when he went in.
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