LULU-Lululemon Athletica Earnings | Stocks to Trade 8-31-17

LULU Lululemon Earnings

LULU Lululemon Earnings After the Stock Market Close

Lululemon Investors Should Wait for Earnings Before Making a Move: Cramer

Shares of Lululemon Athletica inc. (LULU) have struggled in 2017. For the first several months, the stock was doing fine. But shares pulled back after the company reported a disappointing quarterly result in late-March, falling from about $66 to $52 in one day and finally making its lows below $50. LULU stock eventually rallied north of $60, but has since pulled back some. On Wednesday, shares are down 1.32% to $57.55.

Now the company is set to report earnings on Thursday after the close. Investors are hoping the apparel maker has overcome some of the issues that plagued its results earlier in the year. “I think Lululemon can have a good quarter,” TheStreet’s founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said from the floor of the New York Stock Exchange Wednesday.

thestreet.com/lululemon

Will Lululemon’s (LULU) Upbeat Earnings Trend Continue in Q2?

Lululemon Athletica Inc. (LULU) is set to release second-quarter fiscal 2017 results on Aug 31. The question lingering in investors’ minds is if this yoga-inspired athletic apparel company will be able to deliver a positive earnings surprise in the to-be reported quarter. In the trailing four quarters, the company outperformed the Zacks Consensus Estimate by an average of 5.7%.

In the last reported quarter, the company delivered a positive earnings surprise of 14.3%. Let’s see how things are shaping up prior to this announcement.

zacks.com/lululemon-lulu-earnings

What to Watch When Lululemon Athletica Reports Earnings

Can the yoga-inspired retailer right itself, or is it stuck in a downward dog? lululemon athletica (NASDAQ:LULU) is scheduled to report its second quarter earnings after the market close on Thursday, Aug. 31.

The past year has been tough for the retail market, with many retailers struggling to stay alive. Top athletic apparel brands, including Nike, Under Armour, and Lululemon, have been unable to buck the negative trend sweeping the broader retail industry.

fool.com/lululemon-athletica

LULU-Lululemon Athletica Chart 8-31-17 Before Earnings

LULU-Lululemon Athletica Chart 8-31-17 Before Earnings

Today's Trading Lesson

Trading Rule #1 … Make a commitment.

The minute you make a commitment to a strategy, you immediately have focus.

It’s no accident this is day trading rule #1. Far too many traders overestimate their resources. It is incredibly difficult to trade everything.

Decide exactly how you define an edge. This means every thing else is off your board. You’re not going to be swayed into a trade you didn’t plan. This is incredible difficult if you are trading in a proprietary trading office. The adrenaline gets pumping and you want to do something.

Resist it.

Stick to your strategy and master it. Make it a rule to trade one strategy, and one only until you are making consistent money.

On the Tape Today | 8-31-17

DLTR-Dollar Tree 8-31-17

DLTR-Dollar Tree 8-31-17

DLTR-Dollar Tree Inc consolidating bullish momentum after a recent earnings beat. Also resting comfortably at $80 which shows as resistance. Game planning a new swing trade using $80.25 buy stop. Initial target to sell comes in at $83.75.

If the rally occurs on strong volume, I will hold for a bigger target of $89. Initial stop loss comes in on a close below $79.

 VISIT THE PODCAST ARCHIVE == >>

SPY ETF 60 Minute Chart 8-31-17

SPY ETF 60 Minute Chart 8-31-17

HEADLINES

Stock Market Sector Performance

Stock Market Sector Performance on 8-30-17 by finviz

Stock Market Sector Performance on 8-30-17 by finviz.com

Stocks to Trade | Thursday Edition 8-31-17

SHORT-TERM MOMENTUM

Bullish Momentum: GILD, HTZ, CAR, SHOP, ATVI, SLCA, X, AMAT, XPO, SRPT, EA, HLT, MCHP

Bearish Momentum: rdfn, aaoi, bby

ORDER FLOW

Bullish Order Flow: JUNO, WB, TTWO, BABA, DLTR, AAPL, EXAS, WDC, ATVI, EA, ADBE, SHOP, CRM, CAT, MA, UNH,

Bearish Order Flow: dks, fl, lb, apa, pxd, cah, hp, aal, rdfn, eog, hes, apc, ual, luv, cof, dal, khc, etn

Double Normal Volume: GILD, BBY, JUNO, ADI

Inside Days: pfe, v, ko, mgm, nwl, aig, mo, nem, hd, tgt, rost, vlo, cvx, apc, ibm, gps, vntv, hain, cl, bbby, bhge

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