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Summary: LVMH Moët Hennessy Louis Vuitton is one of the most popular luxury brands in the world, led by one of the richest people on the planet, Bernard Arnault. In the following guide, we’ll explain how to buy LVMH stock through our go-to broker, eToro.
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About LVMH
LVMH Moët Hennessy Louis Vuitton (EPA: MC) is a French multinational conglomerate specializing in luxury goods. The company boasts a portfolio of prestigious brands across various sectors, including fashion, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.
The company was founded in 1987 by merging fashion house Louis Vuitton and champagne producer Moët Hennessy. Since then, LVMH has become the world’s leading luxury goods group.
LVMH’s CEO
LVMH IPO
What’s an IPO?
LVMH went public in 1987, shortly after its formation. Since then, the stock has been traded on the Euronext Paris stock exchange under the stock symbol, MC.
How to buy LVMH stock: Step-by-step
If you’re looking to buy LVMH stock, feel free to follow our step-by-step guide right here:
Step 1: Choose the right broker
The first step in buying LVMH stock is selecting a reliable and reputable brokerage platform. Brokers serve as intermediaries, facilitating your stock transactions. That said, our go-to broker for buying LVMH stock is eToro, as it offers:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
After selecting a broker, you’ll need to fund your brokerage account. This involves transferring money from your bank account to the brokerage account. Most brokers offer various funding options, including bank transfers and wire transfers.
Nevertheless, you should be mindful of any fees associated with funding your account, and check the processing times for different payment methods. Once your account is funded, you’ll be ready to move on to the next step.
Step 3: Place your order
With a funded brokerage account, you can now place an order to buy LVMH stock. So, log in to your chosen brokerage platform and navigate to the trading section. Search for LVMH’s stock symbol, which is MC. Once you’ve found it, you can choose to place either a market order or a limit order. Finally, review your order details and confirm the purchase.
LVMH stock price today
As of July 17, 2024, LVMH’s stock price is €692.10, showing a year-to-date downtick of €30.90.
Is LVMH stock a buy or a sell?
To help you determine whether to buy or sell LVMH stock, we’ve included the TradingView Technical Analysis widget below. This widget offers a real-time summary based on multiple technical indicators, giving you a clear sense of the stock’s current trends and potential future direction.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Pros and cons of buying LVMH stock
Pros
- Strong brand portfolio: LVMH owns some of the most prestigious luxury brands, ensuring a stable and high demand for its products;
- Global presence: The company’s extensive global reach allows it to tap into various markets and consumer bases;
- Consistent financial performance: LVMH has a track record of strong financial performance, making it a reliable investment choice;
- Innovation and expansion: The company continually innovates and expands its brand portfolio through strategic acquisitions and partnerships.
Cons
- Market volatility: The luxury goods market can be volatile, influenced by economic conditions and consumer spending patterns;
- High valuation: LVMH’s stock can be expensive, which might limit the potential for significant short-term gains;
- Currency risk: As a global company, LVMH faces currency exchange risks that can impact its financial performance.
Common investing mistakes when buying stocks
One of the most common investing mistakes is not doing your research on a company you’re looking to invest in. However, it’s not the only one. You should also be wary of:
- Overlooking fees: Be aware of the fees associated with buying and selling stocks, as they can eat into your profits;
- Chasing hype: Don’t buy a stock just because it’s popular. Make sure it aligns with your investment strategy and risk tolerance;
- Ignoring diversification: Avoid putting all your money into one stock. Diversify your portfolio to spread risk;
- Emotional investing: Don’t let emotions drive your investment decisions. Stick to your plan and make decisions based on logic and research.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy LVMH stock
Where to buy LVMH stock?
You can buy LVMH stock through brokerage firms like eToro that provide access to international markets, particularly the Euronext Paris exchange where LVMH is listed.
Does LVMH pay a stock dividend?
Yes, LVMH pays a stock dividend. The company has a history of providing dividends to its shareholders, typically paying out dividends twice a year. The dividend amount can vary based on the company’s financial performance and strategic decisions.
Is Louis Vuitton stock overvalued?
Determining if LVMH (Louis Vuitton’s parent company) stock is overvalued requires a thorough analysis of its financial metrics, market conditions, and future growth prospects. Analysts often use price-to-earnings (P/E) ratios, earnings growth, and market comparisons to assess valuation.
How to invest in LVMH stock?
To invest in LVMH stock, you should first pick a broker, then open and fund your account, and finally place your order for Louis Vuitton.
What brands does LVMH own?
LVMH owns a diverse portfolio of prestigious brands across various sectors. Some of its well-known brands include Louis Vuitton, Dior, Fendi, Givenchy, Celine, Moët & Chandon, Hennessy, Dom Pérignon, Veuve Clicquot, etc.
Is LVMH a good investment in 2024?
LVMH remains a strong investment option due to its robust brand portfolio, consistent financial performance, and global market presence. However, like any investment, it comes with risks. You should, therefore, conduct thorough research and consider your financial goals before investing.
Can I buy LVMH stock in the US?
Yes, you can buy LVMH stock in the US through brokers that offer access to international markets. Ensure your chosen broker provides trading on the Euronext Paris exchange like our go-to platform eToro does.
How much money do I need to buy LVMH stock?
The amount you need depends on the current stock price and your investment goals. LVMH stock can be pricey, so determine how many shares you want to buy and ensure you have enough funds in your brokerage account.
What are the risks of investing in LVMH?
Investing in LVMH carries risks such as market volatility, high stock valuation, and currency exchange fluctuations. Diversify your portfolio to manage these risks.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
