Lululemon Athletica (LULU) Earnings Report 6.12.19

What to Expect from Lululemon  LUL Q1 Earnings Report

Lululemon (LULU) stock has climbed over 41% in 2019. This climb helps LULU come in well above its industry’s 15% average jump and sportswear giant Nike’s NKE 12% gains.

Now it’s time to dive into what investors should expect from the yoga apparel giant’s first quarter fiscal 2019 financial results that are due out after the closing bell Wednesday.

zacks.com/lululemon-q1-earnings-lulu-stock

Lululemon LULU Needs to Stretch Beyond This Key Level Pre-Earnings

Lululemon Athletica (LULU) opened Monday, June 10, with a test of its quarterly pivot at $176.20. This level has been a magnet since April 23 with its all-time intraday high of $179.49 on April 24.

If the stock is below the $176.20 when the company reports earnings after the close on June 12, reduce holdings.

Analysts expect Lululemon to earn between 71 cents and 79 cents per share when it reports after the closing bell on Wednesday. The company has an eight-quarter winning streak in terms of beating earnings-per-share estimates.

thestreet.com/investing/earnings/lululemon

The stock market appears ready for profit-taking after an inspired bullish reversal.

Yesterday's close below the open and in the bottom 10% of the day, sets up a decline for the next day or two. So I'm game planning for stocks with bearish order flow to sell short.

XOM Exxon Mobile fits this criteria as it traded into a “Bearish-U-Turn.” The previous swing low comes in at $71. My watch list for the day will be mostly these type of trades to the short side.

Will only be looking for longs if those stocks are trading above the open price .

Today is NOT lining up to be an aggressive day. To have a long and rewarding career you must be able to recognize these types of situations. Learning how to not lose money is as important as knowing when to push your leverage and hold trades longer.

Pete