Lululemon: Be Greedy When The Market Is Fearful (Rating Upgrade)
LULUlululemon(LULU) Seeking Alpha·2024-07-15 09:45
Robert Way Though the stock market continues to hover around all-time highs powered by tech stocks and AI fervor, one major group of stocks are a holdout. Contagion has spread across the consumer/retail industry since NIKE (NKE) posted its worst quarter in decades, with the company citing various laggards such as falling behind in its core running shoe category plus soft sales in China. And though these problems are mostly Nike-specific, it hasn't stopped sinking other retail stocks as well. For Lululem ...