LULU looks like a good stock to get into. It looks like its pulling back and has been on an uptrend since its IPO. Since its IPO of approximately $30 it has doubled in price and reached $60 recently in October. The fundamentals are driving this stock.
Lululemon athletic is a designer and retailer of technical athletic apparel in North America. One of their markets is the growing Yoga market. The majority of their sales are from products sold in Canada. Only 11.7% of their net revenue comes from sales in the United States. This could mean a largely untapped customer base. With the majority of sales coming from Canada, its earnings are helped by the strengthening Canadian dollar against the U.S. dollar.
Labels: Featured Stocks, Finances