The Italian owner of brands like Oakley and Ray-Ban seems eager to ensure its early involvement in the smartglass market. This sort of 'recombinant innovation', discussed at length in The Second Machine Age (Brynjolfsson & McAfee, 2014), has important implications for the growth of companies like Luxottica. It remains to be seen whether this development will help perpetuate the uptrend in the stock price. For now, valuations seem to have a bit more room to expand, earning estimates are the most positive in its sub-industry, and bullish support remains intact on a relative basis:
