MARKET REPORT: Luxury stocks fall out of fashion this Christmas By John Abiona Updated: 17:00 EST, 13 December 2023 e-mail View comments It might be less than two weeks to Christmas, traditionally a time to splash the cash, but luxury stocks are still out of fashion. That’s according to bankers at JP Morgan, who have warned investors to stay clear of the likes of Burberry, LVMH and Kering. ‘Too early to chase luxury, stick with sport,’ the investment bank told clients, just weeks after HSBC published a gloomy report warning that three years of stellar growth for the sector was coming to an end. While analysts remain bullish over…
