Vermilion Company Spotlight: LULU
In our March Macro Vision, we highlighted several retail stocks from our Apparel, Accessory & Luxury Goods Group, and this is a reiteration of one of those stocks. The Group continues to be a favorite of ours within Consumer Discretionary. Lululemon, a timely stock in the Group, is breaking out to new all-time highs and exhibits positive short- and long-term technical patterns. The 2-year chart below displays bullish rounded bases in both price and relative strength. Moreover, the stock has been consolidating year-to-date, coiling just under all-time highs. The coil has sprung topside resistance, setting the stage for continued outperformance. The longer-term chart on page 2 shows the breakout to all-time price highs and also displays relative strength inflecting topside its long-term downtrend. We recommend buying LULU on this breakout.lululemon athletica is a designer, distributor, and retailer of athletic apparel. Co.'s athletic apparel is marketed under the lululemon and ivivva brand names. Co. provides a line of apparel and accessories for women, men and female youth. Co.'s apparel assortment includes items such as pants, shorts, tops, and jackets designed for healthy lifestyle and athletic activities such as yoga, running, training, other sweaty pursuits, and athletic wear for female youth. Co. also provides fitness-related accessories. Co. primarily conducts its business through two channels: company-operated stores and direct to consumer. As of Jan 28 2018, Co. operated 404 stores.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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