Momentum Returning at Lulu (LULU)
Lululemon Athletica Inc. (NASDAQ: LULU) is back according to a report in Zacks Investment Research. The firm is naming it as its momentum stock of the day (FULL DETAILS) based upon its chart and performance. One quote stands out to…
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Lululemon Athletica Inc. (NASDAQ: LULU) is back according to a report in Zacks Investment Research. The firm is naming it as its momentum stock of the day (FULL DETAILS) based upon its chart and performance. One quote stands out to kick it off: “Sometimes the strongest companies are not the ones you would suspect; at least not at first. Who would have believed that a high-end yoga clothing store would have a market cap of 7 billion and earnings growth of 50%?…For most of us, selling Yoga accessories would be a niche market handled by smaller retailers or as a segment of a larger company like Nike or Adidas. Lululemon has managed to not only ride the wave of Yoga popularity and culture, but to weave themselves into that lifestyle with expensive clothes that people can’t seem to get enough of!”
“LULU might be sweating a bit itself; the stock has outpaced the S&P 500 by almost 80% over the past year and 30% just in the past month. Even during its consolidation, LULU has managed to exceed the broad market’s 12 week performance by 10%. There are skeptics and proponents of LULU stock. For now, the momentum lies in the hands of the believers. If the CEO is that confident and the analysts are following her lead, it might be a stock to keep on your radar, even if it’s just Yoga clothes.”
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
