20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Lululemon Athletica Inc (NASDAQ:LULU) shares are trading lower by 1.24% to $380.13 Tuesday morning. Shares of athletic apparel and equipment stocks are trading lower after Dick's Sporting Goods lowered its guidance.
Dick's guidance reduction could reflect lower consumer confidence or spending. This sentiment could extend to Lululemon, as both companies target similar demographics. Investors might worry that consumers are cutting back on discretionary spending, which could negatively impact Lululemon's sales and growth prospects.
What Happened?
Dick's Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion.
Comparable store sales increased 1.8% versus a 5.1% decline a year ago.
Gross profit margin contracted 160 basis points Y/Y to 34.4%. The operating margin contracted 510 basis points to 9.7%, and operating income for the quarter fell 32.3% Y/Y to $311.8 million...Read More
According to data from Benzinga Pro, Lululemon has a 52-week high of $394.64 and a 52-week low of $277.50.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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