Hermes International SCA (RMS-EPA)

Not bad, with 200-day MA rising higher. However, stock price recently dropped below that average. That's something that makes him feel cautious from a technical perspective. Long term makes a lot of sense, but put on the back burner for now.

Top tier of the global economy does not get hurt by recessions. Long-term chart tells you what you need to know. Lots more organic growth ahead. Get it when it's on sale. He's buying for new clients.

Luxury stocks are down since Trump took office. The stock may see relief if Trump lays off the rhetoric. Is somewhat discretionary, but cater to a portion of the economy that's fairly resilient. Hermes is the best here. 

Has performed a bit better than LVMH. You can see this in the 200-day MA, which is still trending slightly higher but flat. The slightly lower-tier names, such as TPR, have done better. The macro environment explains the difference -- consumers are being very choosy as to what they own. Given that we're probably mid-cycle at this point, not an area he's attracted to (unless the valuations got so cheap you'd need to take a look).

Luxury market in recent downdraft. This one's performed better on the 5-year chart. 200-day MA has been moving higher, with the stock price slightly below but hugging that MA. Doing everything right, but demand might be soft. 

Right now, he has no luxury goods companies. A sluggish China has affected these names. Fiscal stimulus may help, but it's wait and see.

It is a really good story with great return metrics and a fairly significant growth path. It targets the ultra high net worth of the demographic which does not tend have significant issues during a recession. Buy the dips.     Buy 14  Hold 10  Sell 3