Lululemon: Time To Be Contrarian And Ignore The Market Pessimism
lululemon(LULU) Seeking Alpha·2024-05-01 01:23
AlthomLululemon Stock In A Bear Market Lululemon Athletica Inc. (NASDAQ:LULU) investors have suffered a massive battering since LULU plunged nearly 36% from its December 2023 highs, falling firmly into a debilitating bear market. I urged Lululemon investors to capitalize by buying LULU's selloff in January 2023, as the bullish thesis played out through the end of 2023. However, my Buy rating on LULU has underperformed the S&P 500 (SP500) since LULU's moment of reckoning. In addition, LULU topped out eve ...