Shares of athletic apparel companies are trading higher in sympathy with Lululemon after the company reported better-than-expected Q1 results.
Portfolio Pulse from Benzinga Newsdesk
Athletic apparel stocks are trading higher following Lululemon's better-than-expected Q1 results.
June 02, 2023 | 3:11 pm
News sentiment analysis
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POSITIVE IMPACT
Nike's stock is trading higher in sympathy with Lululemon's strong Q1 results.
Nike is an athletic apparel company, and Lululemon's strong Q1 results indicate a positive trend in the industry. This could lead to increased investor confidence in Nike, causing its stock price to rise in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Under Armour's stock is trading higher in sympathy with Lululemon's strong Q1 results.
Under Armour is an athletic apparel company, and Lululemon's strong Q1 results indicate a positive trend in the industry. This could lead to increased investor confidence in Under Armour, causing its stock price to rise in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Under Armour's stock is trading higher in sympathy with Lululemon's strong Q1 results.
Under Armour is an athletic apparel company, and Lululemon's strong Q1 results indicate a positive trend in the industry. This could lead to increased investor confidence in Under Armour, causing its stock price to rise in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75