5.22k followers • 11 symbols Watchlist by Yahoo Finance
This basket consists of stocks gaining popularity from health and wellness.
Lululemon Athletica Inc.
Herbalife Nutrition Ltd.
Under Armour, Inc.
Foot Locker, Inc.
DICK'S Sporting Goods, Inc.
GNC Holdings, Inc.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
(Bloomberg) -- When the global economy recovery arrives, it may look more like a “swoosh” than a V, according to Davy, Ireland’s largest securities firm.“It’s like a Nike-shaped swoosh,” Aidan Donnelly, head of equities at Davy’s private clients unit, said in an interview. The firm has assets worth over 14 billion euros ($15.4 billion) under management.Global markets have plunged since the scale of the coronavirus crisis became clear. The MSCI All Country World Index tumbled some 34% from its February record high to its recent low on March 23. It has since recouped about a quarter of the loss, though slipped 0.5% on Tuesday. Against that backdrop, Davy is taking the longer view, temporarily adding stocks and going 5% overweight in equities, across a broad global index.“The virus won’t last forever, the global economy will recover,” said Donough Kilmurray, Chief Investment Officer at the Dublin-based firm’s wealth management business. “A V-shaped recovery feels too optimistic, but an L-shaped view is probably too pessimistic.”Strategists at JPMorgan Chase & Co. say most risk assets have seen their low points for the recession that’s gripped economies around the world. Yet others say the bottom is yet to come.“There will be more wobbles ahead -- the question is will they be as indiscriminate as previously?” Donnelly said.“Our advice is; don’t try to be too clever. When they rebound comes, the money is going to come back into good quality names,” he said, mentioning companies like Caterpillar Inc., Salesforce.com Inc. and Nike Inc.Nike posted revenue of $10.1 billion for the three months ended Feb. 29, a period that included shutdowns across China, one of its key markets. E-commerce sales rose 35% to $3.8 billion last year, jumping another 36% in the most recent quarter. In China, online orders also rose 30% over the period.“Look at Nike -- even now, people are at home ordering trainers because they can’t do much else except exercise,” said Donnelly.(Updates stocks in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
DexCom shares have soared 45% since March 18. The connected glucose monitoring systems firm is also expected to continue to grow and DXCM stock might be somewhat immune to the current coronavirus economic uncertainty...
JPMorgan, Wells Fargo, Walgreens, Constellation Brands and Nike are part of Zacks Earnings Preview
Fanatics is now making medical masks and gowns out of baseball jersey material to address the shortage caused by coronavirus; Nike, Under Armour and other sports retailers are also hurrying to make the same items.
Nike and Lululemon have seen the bottom in China sales after coronavirus forced them to close stores, and now say they are applying those lessons in the U.S.
lululemon's (LULU) Q4 results benefit from solid comps and the e-commerce business. However, management didn't provide FY20 view in the wake of the COVID-19 crisis.
(Bloomberg) -- Lululemon Athletica Inc. reported an acceleration of sales growth in the latest quarter, but refrained from offering an outlook for the current year because of the uncertainty caused by the coronavirus outbreak.The Vancouver-based retailer, which has closed many locations amid the health crisis, said the key metric of comparable sales, a gauge of retail success, accelerated to 20% in the quarter that ended Feb. 2. It’s the company’s ninth straight quarter of double-digit same-store sales growth.Key InsightsWhile it’s expanding overseas, especially in China, Lululemon still relies on North America for about 88% of its revenue, a region where the virus shows no sign of relenting. The company has closed stores in Europe and North America until April 5. An increase of 41% in direct-to-consumer revenue, however, suggests Lululemon’s e-commerce push is paying off and may help the company weather the storm.Results for the quarter, which predate Covid-19 woes in its biggest market, indicate demand was strong. Nonetheless, Chief Executive Officer Calvin McDonald said the outbreak “is currently impacting our business.” Lululemon has sought to boost revenue by adding events and services at some locations.Lululemon said it’s not providing a forecast for its business because of the “the rapid and continuous developments” of the coronavirus outbreak -- the latest sign the pandemic is causing dramatic and rapid change across the retail industry.On a call with analysts, management struck an upbeat tone about the brand’s ability to bounce back when stores reopen and stressed the company’s healthy balance sheet, with more than $1 billion in cash and a $400 million revolving credit facility. Only one store in China remains shuttered.Market ReactionLululemon shares fell as much as 3.2% in late trading. The stock, which has 21 buy recommendations, 12 holds and one sell from analysts, has fallen 13% this year through Thursday’s close.(Updates with comments from earnings call in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.