Lululemon & 5 More Apparel Stocks To Buy On Earnings Momentum
Zacks Investment Research | Dec 11, 2017 08:46PM ET
With splendid Black Friday and Cyber Monday sales behind us, the enthusiasm for the upcoming holiday season is definitely on a high. The holiday season is an opportunity for retailers to make good the lost sales over the past year. The favorable economic data be it GDP growth, unemployment rate or Consumer Confidence, all indicate that this year’s holiday season is going to be a Christmas feast for both consumers and the retailers.
This enthusiasm was clearly visible in the earnings of most apparel retailers, which reported earnings in the past few weeks. These leading apparel sellers have been spurred by the initial holiday sales in the Thanksgiving weekend, and consequently provided a robust outlook for the fourth quarter while raising their guidance for fiscal 2017.
Lululemon Athletica Inc. (NASDAQ:LULU) is one such stock that not only came up with solid third-quarter fiscal 2017 results, but also raised forecasts for fiscal 2017. The company reported both top and bottom-line beat in the third quarter. While this marked the company’s third consecutive earnings beat, sales topped estimates for the eighth straight quarter. (Read More: Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.