Why LVMH Can Outlast the Coronavirus
The biggest stock market story of early 2020 is easily the coronavirus, now officially known as COVID-19, and its implications for the global economy -- particularly in China.
The market's response has been to sell down many companies with sensitivity to the Chinese economy. Luxury retailer LVMH (OTC: LVMUY) is certainly one of them, having fallen about 9% from its recent high as of midday Thursday. However, long-term investors would be wise to use the pullback as a buying opportunity.
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Source Fool.com
