With the economic meltdown that shook the world in 2008, but its repercussions are still felt in some sectors. But the luxe market seems to have bounced back just right for Barclays Capital has rightly identified the shift of consumer demand again in the luxury segment. The analysts are tipping their investor to buy stock of US luxury brands.
Stock prices of luxury industry companies are expected to show a bullish trend. Investment analysts expect Saks, luxury American Specialty store seated in New York, to publish 5.5 % growth in Q4 sales. For brands like Polo Ralph Lauren and Coach 5 % gain looks likely. Also Tiffancy & Co. and Coach have known to recently hit all-times highs.Also with countries like China opening up luxury emporiums, new markets are emerging owing to escalating economic growth and a burgeoning middle class in developing economies.
Well, you have dollar bills stacked up, I would suggest that you rather buy stocks of luxury brands than their products because now is the right time to tap comeback of lifestyle products and make mega bucks out of it.
Via: The Street