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☆ How to bet on a comeback in this cheap apparel stock using options
▼ + stars: | 2024-10-30 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

LULU has demonstrated resilience, driven by strong financial controls, international expansion, and continued product innovation. With strong growth, LULU has positioned itself as a market leader, capturing increasing market share in North America while expanding into high-growth areas like APAC and EMEA. LULU has shed over 50% of its value earlier this year and just recently completed a bottoming formation below $270. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Lululemon Athletica, LULU Organizations: CNBC, NBC UNIVERSAL Locations: North America, OptionsPlay

☆ Top Wall Street analysts pick these 3 stocks for attractive returns
▼ + stars: | 2024-03-31 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Wall Street analysts are ignoring the short-term noise and remain focused on companies that have strong fundamentals and can generate attractive returns in the long run. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Micron TechnologyThis week's first stock pick is memory chipmaker Micron Technology (MU), which impressed investors with its strong quarterly performance. Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024. He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs.

Persons: Needham, Quinn Bolton, Bolton, TipRanks, LULU, Robert Drbul, Drbul, Christopher Rolland, Rolland Organizations: Wall Street, Micron, Micron Technology, MU, Bolton, Broadcom, Susquehanna, Symantec, VMware Locations: Santa Monica, United States, U.S

☆ What to wear to your office holiday party this year, according to a stylist
▼ + stars: | 2023-12-01 | by ( Amanda Krause | ) www.businessinsider.com time to read: +5 min

Ahead of the holidays, you might be wondering what to wear for your job's office party. She suggests staying away from sequins, wearing velvet, and utilizing powerful accessories. AdvertisementDecember is here: the season of gifts, snow, and work holiday parties. "It gives that holiday look without being too over the top." It just adds a little something different, because most people are used to wearing festive dark colors.

Persons: Kenzie Welch, —, Sveva Alviti, Valentina Frugiuele, Welch, sequins Welch, it's, Lulu's, Mango, Nana Jacqueline Organizations: Service, Alberta Ferretti Locations: sequins, Alberta, Milan, Italy, TikTok

☆ The 15 U.S. cities with the highest cost of living—San Francisco isn't No. 1
▼ + stars: | 2023-08-22 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

A composite score of 100 is the national average, and any score higher than 100 is above average. In Honolulu and San Francisco, other cities known for extreme housing costs, they're about three times the national average. Many of these affluent families reside in Manhattan and are able to afford opulent homes, pushing up average housing costs. In addition to housing, Manhattan has the highest miscellaneous living costs, including expenses like entertainment, alcohol and apparel. Data for the Cost of Living Index was collected from Jan. 1 through March 31, 2023.

Persons: Francisco's, Queens —, Warren Buffett Organizations: Council for Community, New, Honolulu :, Angeles, Diego :, Queens Locations: Manhattan, U.S, York, New York, Honolulu, Francisco, Brooklyn, Orange County , California, Long, Washington, Boston, Seattle, Diego, Arlington , Virginia, Oakland , California, Queens, Bethesda, Gaithersburg, Frederick , Maryland, Nassau County , New York, San Francisco, — Brooklyn, Harlingen , Texas

☆ Teens drive $67 billion in spending. Here's where they're putting their money, and why it's bad news for some stocks
▼ + stars: | 2023-04-07 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +4 min

The wide-ranging survey saw teenagers reporting their spending this year will rise 2% from the spring of 2022 to $2,419. Gen Z girls are planning to pull back on clothing spending, which could spell trouble for apparel stocks in the months ahead. It's the top choice of places to shop for about 9% of the upper-income teens in the survey, Piper said. According to the survey, 49% of upper-income teens have purchased clothes on secondhand marketplaces like Poshmark, The RealReal and ThredUp , or at local thrift stores. Nike remains entrenched as the top apparel brand among all teens, a position it's held for more than 12 years.

Lululemon is "checking all the right boxes," according to Citi, with "all systems ready to go" for accelerated growth in 2023. Citi raised its rating on Lululemon shares to buy from neutral, after the company topped fiscal fourth-quarter estimates and offered an upbeat forecast for the coming year. "Inventory-to-sales gap [was] better than expected," Lejuez said, with a "pathway to further improvement (with limited markdown pressure)." Citi increased its price target on Lululemon shares to $440 from $350, implying 37.4% upside from Tuesday's closing price. Lululemon shares jumped more than 15% on Wednesday.

[1/5] Palestinians relatives of Sabreen Abu Jazar, who died when a boat carrying migrants sank offshore Greece, mourn in her family home in Gaza Strip March 3, 2023. After leaving Gaza in February, via Egypt, Sabreen flew to Turkey where she met her husband, who had migrated to Belgium years ago. "I celebrated her as a bride, now she's returned to me in a coffin," said her mother-in-law Buthayna Abu Jazar. In an effort to promote security along its Gaza border, Israel offers some 20,000 permits to allow Gazans to work in Israel. In Gaza, Hamas says a permanent solution for unemployment is beyond its ability alone.

☆ Jefferies downgrades American Eagle Outfitters, sees the apparel stock struggling in a recession
▼ + stars: | 2023-02-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

American Eagle Outfitters could be in trouble going forward, according to Jefferies. The analyst sees the stock underperforming in a likely recession and resulting slowdown in consumer spending. On average, over the past 8 recessions, the clothing/footwear category saw no growth until the quarter coming out of the recession," Konik wrote in a Wednesday note. Konik reiterated his buy rating for footwear brands Nike, Foot Locker and Boot Barn, citing greater expected resiliency in the footwear sector. "While our analysis of the PCE category spend combines footwear w/ apparel sales, it is our belief that footwear will be more resilient.

☆ Lululemon is everywhere and that's a problem
▼ + stars: | 2023-01-09 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

At the ICR conference, Lululemon said it now expects gross margin to be down 90-110 basis points. At the ICR conference Monday, Lululemon said it now expects gross margin to be down 90-110 basis points, compared to small gains expected late last year. Lululemon does not break out Mirror sales in quarterly earnings. Adidas, as an example, expects gross margin to be down 900 basis points following its split from Ye, he wrote in a note Monday. "Inventory growth has likely peaked, which should alleviate gross margin pressure in FY23," he said.

☆ Buy Lululemon, a 'rare name with momentum', Wells Fargo says in upgrade
▼ + stars: | 2023-01-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to buy shares of Lululemon Athletica , according to Wells Fargo. Analyst Ike Boruchow upgraded the athletics apparel and accessories stock to overweight, calling the it a defensive and "rare name with momentum" poised to outperform on the top line this year. Shares of Lululemon gained about 2% before the bell Friday. He also cited easing freight pressures and better margin visibility as another catalyst for Lululemon going forward. "With LULU not a markdown-driven model, we see more visibility than most on the margin front looking to next year."

☆ Here are Friday's biggest analyst calls: Apple, Tesla, McDonald's, Netflix, Carvana, Microsoft & more
▼ + stars: | 2022-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Cowen names Costco a top 2023 pick Cowen said Costco is well positioned in a deteriorating macro environment. " Cowen names Caterpillar a top 2023 pick Cowen said the company is well positioned heading into 2023. Cowen names Netflix a top 2023 pick Cowen said it sees free-cash flow ramping up for Netflix in 2023. Morgan Stanley reiterates Apple as overweight Morgan Stanley said investors should take advantage of any weakness and buy the dip in shares of Apple . Morgan Stanley reiterates Lululemon as overweight Morgan Stanley said the company's fundamentals remain strong after its earnings report on Thursday. "

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