10 Stocks For The Socially Distanced NY Fashion Week

10 Stocks For The Socially Distanced New York Fashion Week

New York Fashion Week is being held virtually starting today, and according to one analyst, the inclination to attend has "significantly diminished."

For this Fall 2021 Season event, most designers will showcase their collections in lookbooks, presentations and on virtual runways over the Council of Fashion Designers of America (CFDA) platform.

The Analyst: There are a number of huge names in the fashion industry that investors will be watching closely for gains despite a virtual show without the air kisses and afterparties.

“I hate to be the angel of Fashion Week death here, but an abbreviated, quasi-virtual, socially-distanced New York Fashion Week almost seems like a quaint, antiquated notion,” Kristin Bentz, president KB Advisory Group LLC told Benzinga.

According to Bentz, from a trading perspective many of the big fashion names have opted out, choosing to livestream their own events, including Ralph Lauren Corp RL; Michael Kors, part of Capri Holdings Ltd CPRI; and Tommy Hilfiger, a brand owned by PVH Corp PVH.

Ten Stocks For New York Fashion Week: 

LVMH Moet Hennessy Louis Vuitton SA LVMUY recently acquired Tiffany & Co. TIF and is a global producer and distributor of luxury goods. It operates six segments: fashion and leather goods, the largest and oldest; watches and jewelry; wines and spirits; perfumes and cosmetics; and selective retailing. Higher-profile brands include Louis Vuitton, Bulgari, Fendi, Givenchy, Tag Heuer, Hennessy, Moet & Chandon, Glenmorangie, Sephora and Benefit.

LVMH shares ended last week down 0.57% at $128.96. The stock has a 52-week high of $131.07 and a 52-week low of $60.05.

Capri Holdings Ltd CPRI markets, distributes and retails upscale accessories and apparel for the Michael Kors, Versace and Jimmy Choo brands. Michael Kors, Capri's largest and original brand, offers handbags, footwear and apparel through more than 800 company-owned stores, third-party retailers and ecommerce. Milan-based Versace, acquired in 2018, is known for its ready-to-wear luxury fashion. Jimmy Choo, acquired in 2017, is best known for women's luxury footwear. John Idol has served as CEO since he was part of a group that acquired Michael Kors in 2003.

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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