Oct. 15 at 11:15 AM
$LVMUY $RACE $SPY
With LVMH reporting strong growth across its luxury brands, it’s clear that wealthy consumers are still spending — not pulling back. This trend should positively influence other luxury names as well.
$RACE (Ferrari) fits perfectly into that category, and remember — the period from October to November has historically been one of the best seasonal windows for Ferrari stock.
Don’t waste time listening to these so-called “analysts” in the forum with their fancy charts and indicators — anyone can draw those.
At the end of the day, it’s the market makers who decide where this goes. The stock’s already down over 25% this past week.
If you still think it’s heading lower, think again — Ferrari’s revenue shows no signs of slowing down.
