3 Luxury Stocks That Long-Term Investors Should Love
With talk of economic troubles, recession, and rising interest rates never far from the headlines, it might seem like an inauspicious time to talk up the virtues of stocks in the luxury sector.
But companies operating in this space have several advantages. They boast enviable brand strength, strong margins, and considerable pricing power. By definition, they cater to consumers at the upper end of the economic spectrum. These customers tend to have more disposable income and aren't as affected by an economic downturn as the average consumer.
Overall, the luxury market is a good place to be. Market research company Euromonitor International calls "personal premium goods" a $370 billion market and forecasts that it will grow at a 6% to 8% compound annual growth rate between now and 2025.
Source Fool.com
