Another momentum darling bites the dust. For now at least. Yoga apparel maker Lululemon (LULU) sank nearly 10% Thursday on weak guidance. Let the downward dog jokes begin.
KidDynamiteBlog: being bearish on $LULU is being bearish on womens' desire to have their butts look good in tight pants. I hate that trade.
Don't we all?
ivanhoff: There was a time when I thought that Ostrich bags and Lululemon pants were recessionproof $COH $LULU
Nothing is recession proof. Except maybe bourbon and scotch.
JeffReevesIP: $LULU a bargain? Hard to find "low double digit growth" anywhere these days...but also hard to ignore macro slowdown & general Wall St. fear.
Fear? What fear? The CNNMoney Fear & Greed Index has surged from a low of 7 last week all the way to 16! Oh. That's still "Extreme Fear." As you were.
retail_guru: For most part $LULU guidance looks likes repeat of what they did for Q1 just reported - guide below street & beat that #. #samescript
So what you're saying is that Lululemon is the Apple (AAPL) of yoga? Namaste.