Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>Luxury goods stocks have become a good investment option for prudent investors.</a></li>
 <li><span>2</span> <a>The US hosts a number of companies that make and sell a number of luxury goods.&nbsp;</a></li>
 <li><span>3</span> <a>Experts help traders pick the most promising stocks in this category.&nbsp;</a></li>
</ul>
<p>Luxury goods are definitely not a necessity. People buy them to gratify their senses. Think of liquor, perfumes, jewelry, high-end cars, and a ritzy stay in a hotel. For obvious reasons, people with high incomes and wealth buy these products.&nbsp;</p>
<p>Therefore, a country can witness sales of luxury goods with its GDP and Pay-Per-Capita increase. There’s another factor that emerges out of this situation. It’s the consumption of luxury goods is higher in developed nations than the developing ones.&nbsp;</p>
<p>Hence, the companies making luxury products make huge revenues in the big countries. As a result, their stocks become highly profitable among the investors. Experts help traders choose the most promising stocks in every category.&nbsp;</p>
<p>The <a href="https://www.thecoinrepublic.com/2023/10/02/5-best-australian-luxury-stocks-to-finance-in-october-2023/" rel="noopener noreferrer nofollow">luxury goods stock</a>s are impacted highly by inflation and some other factors. However, there are companies that manage to make revenue in every quarter. So, here are some luxury goods stocks that are likely to yield profits in 2024.</p>
<h2 class="wp-block-heading" id="strong-us-luxury-goods-stocks-to-look-out-for-strong"><strong>US Luxury Goods Stocks To Look Out For</strong></h2>
<p>These companies have a well-established user base. They sell very expensive products to elite customers and make great revenue.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-l-oreal-s-a-otc-lrlcy-strong"><strong>L’Oreal S.A. (OTC: LRLCY)&nbsp;</strong></h3>
<p>L’Oreal S.A. is the biggest cosmetics brand in the world. It caters to millions of customers with avant-garde products. The company delivers products in fragrance, skincare, and makeup segments. It recently did the biggest takeover of the Australian brand Aesop for 2.5 Billion.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-compagnie-financiere-richemont-sa-otc-cfruy-strong"><strong>Compagnie Financiere Richemont SA (OTC: CFRUY)</strong></h3>
<p>Founded in 1988, Compagnie is a Switzerland-based company. It focuses primarily on jewelry and watchmaking while owning multiple popular brands. Some of them are Montblanc, Arpels, Jaeger-LeCoultre, Cartier, and Van Cleef. Moreover, it reported annual sales of $21.91 Billion last year.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-lvmh-moet-hennessy-louis-vuitton-societe-europeenne-otc-lvmuy-strong"><strong>LVMH Moet Hennessy- Louis Vuitton, Societe Europeenne (OTC: LVMUY)</strong></h3>
<p>It’s another brand that’s synonymous with luxury to many people. It is a Paris-based conglomerate in this domain. LVMH is one of the biggest corporations globally with a wide and assorted portfolio of brands. Sephora, Hublot, TAG Heuer, and Christian Dior are some brands owned by it.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-ralph-lauren-corporation-nyse-rl-strong"><strong>Ralph Lauren Corporation (NYSE: RL)</strong></h3>
<p>Founded in 1967, Ralph Lauren is a New York-based luxury fashion and lifestyle brand. The company deals in accessories, clothing, fragrances, and home furnishings while maintaining a global presence. Recently, the company noted a rise in its scrip price and a 30% rise in sales too.</p>
<h3 class="wp-block-heading" id="strong-stellantis-n-v-nyse-stla-strong"><strong>Stellantis N.V. (NYSE: STLA)</strong></h3>
<p>Stellantis is a Netherlands-based luxury automobile maker. It emerged out of the merger of PSA Group and Chrysler Automobiles (FCA). Furthermore, it owns brands like Maserati and Alfa Romeo. The company has ambitious plans to achieve a long-term operating margin of 20% by 2030.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Investing in luxury goods could be very lucrative if done strategically. The aforementioned stocks have proven to be profitable for most investors. They enable the investors to ensure potential profits and many other merits. These lucrative stocks strengthen and enrich portfolios in a very assured manner. Still, there are risk factors involved and traders need to be wary of them. Thus, it is advised to do the evaluation of US luxury goods before investing in their stocks.&nbsp;</p>

Top 5 US Luxury Stocks That Investors Must Look Out For in 2024

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Thecoinrepublic.com

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