CPRI shows promising value and returns for the future. To be 100% realistic, the gap between the haves and have-nots has grown significantly since the Fed started inflating asset prices with their asset purchases and unlimited liquidity.
Essentially, this has driven up financial securities and their pricing/valuations. Taking this into account, the majority of the non-wealthy have little to no exposure to the market.
So sadly, my reason for going long on this stock is because the rich have gotten much richer and CPRI has a great assortment of companies it owns in luxury, such as Michael Kors. Sales will continue no matter the economic climate as the amount of wealth created in the stock market since the coronavirus is astounding.
Essentially, this has driven up financial securities and their pricing/valuations. Taking this into account, the majority of the non-wealthy have little to no exposure to the market.
So sadly, my reason for going long on this stock is because the rich have gotten much richer and CPRI has a great assortment of companies it owns in luxury, such as Michael Kors. Sales will continue no matter the economic climate as the amount of wealth created in the stock market since the coronavirus is astounding.