Ultimate Stocks portfolio update: stunning results….again
Several constituents of our Ultimate Stocks portfolio saw their shares climb to new highs following stunning results. While the technology giants were expected to deliver results ahead of expectations, the magnitude of their outperformance has taken many by surprise and there could be plenty more to come. There was also considerable encouragement outside the technology sector as you can discover in our update here.
LVMH: set to scale new heights
While much of the world continues to struggle, luxury goods giant LVMH (PAR:LVMH), a constituent of our Ultimate Stocks portfolio, has delivered impressive results and is on track to exceed its pre-pandemic sales this year.
Revenue in the first half to 30 June 2021 rose 56% to €28.7 billion, or 11% on 2019 prior to the pandemic impacting things.
Its largest business group, Fashion & Leather Goods, achieved record levels…
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