I've been following this company for awhile - and bought a small lot of their shares when they plunged heavily in Feb 2018.
I know they announced that their financial results are coming Jun 21 yesterday but I can't see what else is causing this uptick in their stock price today. Anyone know anything further?
Big action on LULU today, performance over the past few months has been amazing and we got a target upgrade from $50 to $150 from Barclays.
Im not long, but Im wondering if this is close to being nicely shortable, any ideas?
> (Reuters) - Lululemon Athletica Inc's (LULU.O) shares were set to open at a record high on Friday as customers continued to flock to the athletic apparel maker's stores in spite of intense online competition.
Shares of the Canadian company, which popularized "athleisure wear" by turning pricey women's yoga wear into mainstream fashion, were up 7.75 percent at $113.19 in premarket trading.
Lululemon's recent push to renovate stores paid off in the latest reported quarter, with traffic rising in the mid-single digit range.
"We are particularly impressed with Lululemon's store performance given many retailers still cite negative traffic trend," Cowen & Co analyst Oliver Chen said.
Direct-to-consumer revenue, which includes online sales, rose 62 percent in the first quarter, helping the company record a profit of 55 cents per share. Analysts were expecting a profit of 46 cents, according to Thomson Reuters I/B/E/S.
At least nine brokerages raised their price target on Lululemon's stock, with Barclays being the most bullish.
The brokerage raised its price target by $50 to $150, saying they were "hard-pressed to find anything negative" in first-quarter numbers.
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Say i have 25k capital. Dow is currently trading around that mark, do you think i can realistically spend all my time and research in studying the Dow Jones and buying one stock when i expect an imminent rise and potentially selling maybe later that day or a week later if required, and gaining maybe $100 or so per trade?
Basically just to make a bit of profit on the side of my job.
Hello there!
I've recently started buying stocks and dipping my toe in the Stockmarket. And when I woke up today I read that the US has put up tariffs and in retaliation Canada, Mexico and the EU has put up tariffs aswell.
Does this make the stocks go up in short term but down longterm?
For example when I read about the steel tariffs I decided to google some US steel companies (I live in the EU so I'm not very read up on the US market) and noticed that a company, so aptly named United States Steel Corporation has started going up. Is this something that can be expected?
The stock market’s breadth on Wednesday was very positive because the stock market rallied, with Up Volume exceeding 85%. The stock market’s breadth on Thursday was negative because the stock market fell, with Up Volume below 30%.
In other words, this was a very quick reversal in breadth. Historically, this was a bullish sign for the stock market on a 1 week - 1 month forward basis
