Luxury Stocks Decline on Growth Concerns, But Some Analysts Remain Bullish Long-Term

Luxury stocks have declined recently due to concerns about slowing growth in China and rising interest rates impacting U.S. shoppers.

Valuations for luxury stocks have come down but remain well above the broader market.

Luxury spending in the U.S. and Europe has slowed based on credit card data.

Some analysts remain optimistic about luxury stocks long-term despite the recent pullback.

Investor sentiment has turned more cautious on luxury stocks as earnings growth is expected to slow.