Why These Investors Are Bearish On Lululemon, Twitter

Why These Investors Are Bearish On Lululemon, Twitter

On CNBC’s “Fast Money Halftime Report,” some of the team went over their portfolio changes and discussed why.

Joe Terranova sold Twitter TWTR after earnings last Thursday. The stock lost technical momentum, he said. Terranova also took his profits in First Solar FSLR.

Steve Weiss sold Lululemon LULU. Consumer appetites may be satiated coming out of the pandemic, he said.

“Lululemon is very expensive, I’d buy at $300 or less,” said Weiss.

“I’m shorting Marvell because ARM will beat it and adding to Facebook because the sell-off was misplaced,” Weiss went on to say.

Posted In: CNBCJoe TerranovaStephen WeissMediaTrading Ideas