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What's Next for Lululemon Stock & Buy Nike Ahead of Earnings?

Benjamin Rains
·2 min read

Zacks Stocks In The News · What’s Next for Lululemon Stock & Buy Nike Ahead of Earnings?

 

On today’s episode of Full Court Finance here at Zacks, Ben Rains dives into Lululemon LULU stock to help investors decide what to do with the athleisure firm after its first quarter financial results. We then look ahead at what to expect from Nike’s NKE upcoming quarterly earnings to help figure out if the sportswear giant is a buy despite coronavirus setbacks?

All three major U.S. indexes posted solid weekly gains last week, as Wall Street largely remains in don’t fight the Fed Mode. Investors have also remained relatively positive about the economic recovery from the coronavirus lockdowns despite reports of spikes in cases.

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Apple AAPL recently announced it was closing stores in Florida, Arizona, and the Carolinas amid an uptick in reported coronavirus cases. But that hasn’t deterred investors, with AAPL stock trading at new highs as of Monday afternoon.

It’s also worth remembering that retail giants such as Target TGT, Walmart WMT, Kroger KR, and other “essential” businesses have all remained open through the pandemic. And they all flexed their e-commerce muscles during this past earnings season, alongside Amazon AMZN.

With this in mind, we dive into what might be next for Lululemon stock after its Q1 results highlighted how hard the coronavirus hurt “non-essential” businesses last quarter. The firm’s first quarter results, reported on June 11, might help us better understand how Nike’s upcoming report will shake out. The sportswear powerhouse is set to release its Q4 fiscal 2020 financial results after the closing bell on Thursday, June 25.

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NIKE, Inc. (NKE) : Free Stock Analysis Report
 
Target Corporation (TGT) : Free Stock Analysis Report
 
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
Apple Inc. (AAPL) : Free Stock Analysis Report
 
Walmart Inc. (WMT) : Free Stock Analysis Report
 
lululemon athletica inc. (LULU) : Free Stock Analysis Report
 
The Kroger Co. (KR) : Free Stock Analysis Report
 
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Zacks Investment Research