👀 Buy the dip? 👀
The 'exceptions' list of hot stock alerts! ⭐️
2 interesting CEOs feature in our 'exceptions list' this week:
1. Bernard Arnault - CEO and Chairman of the luxury brand conglomerate - LVMH. 💵 ($LVMUY)
2. Calvin McDonald - CEO of LULULEMON. 💵 ($LULU)
So, why do they feature in our exceptions corner this week? 👀
Both bought shares of their companies this week, after a very long period (years) during which they did not purchase shares of their companies, and precisely at such a timing, when the stocks are at significant lows! 🟢
🔅$LULU - 50% year-to-date.
🔅$LVMUY - 27% in the last six months.
• When discussing Calvin McDonald's purchase, it involves buying shares worth 80% of his personal salary; he bought 4,000 shares for just over $1 million. 💰
💡For us, this is a vote of confidence from him in the company and perhaps even an indication that progress in the 'renewal' of Lululemon's women's products is moving in the right direction. ✔️
• When discussing Bernard Arnault, the giant luxury brand conglomerate he owns, LVMH, is currently trading at a price to earnings ratio of only 19x, and the stock has returned to its 2021 trading levels! Not only that, Bernard Arnault is taking advantage of the stock price weakness and buying $LVMUY shares worth more than €370 million this week! 💰
💡For us, Bernard Arnault's large purchase indicates a vote of confidence from him in the LVMH conglomerate! ✔️
In the current market situation, we wouldn't be surprised if it gets worse before it gets better, but these two stocks are definitely going on our watchlist! ⭐️