LULU looking nice in those hot pants...KeyCode UpdateI made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.08.2021
LULU trade ideas
Lululemon Athletica - Earnings Were GoodThe market appears to be buying into LULU. I like it long above $347. Stop: $334.
Earnings Comments via financial news network CNBC:
Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds
Key Points:
- Lululemon said fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores.
- The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies.
Lululemon Athletica said Thursday its fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores.
The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.
Its stock rose less than 1% on the news in extended trading.
Here’s how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey:
Earnings per share: $1.16 adjusted vs. 91 cents expected
Revenue: $1.23 billion vs. $1.13 billion expected
Net income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding one-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.
Revenue rose to $1.23 billion from $652 million a year earlier, when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.
On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.
The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon, Nike and Under Armour. It has also boosted more traditional retailers such as Gap, which recently said activewear sales continue to drive sales at both its Athleta and Old Navy banners.
Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.
CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North American operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.
The company also owns the at-home fitness platform Mirror, a rival to Peloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.
CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line of products that use lower-impact dyes, and it is piloting a trade-in and resale program.
For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.
For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.
Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.
“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.
Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.
$LULU PT upgrades, aggressively beats earnings. Expecting to fly$LULU Recent PT upgrades, aggressively beats earnings. The stock is consolidating at the point of control with a triple EMA crossing. Relative volume looking good and new buyers should be coming in. Expecting this stock to fly!
"Revenue increased 88% to $1.2 billion
Diluted EPS of $1.11, Adjusted EPS of $1.16
lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the first quarter of fiscal 2021.
Calvin McDonald, Chief Executive Officer, stated: "Our first quarter results reflected strength across all drivers of growth, fueled by the continued expansion in our e-commerce business and a rebound in brick and mortar stores. Our strong performance across categories, channels and geographies demonstrates the momentum and strength of lululemon as we shift into the new normal. All of us on the leadership team are grateful to our teams around the world who enabled these results, and who continue to focus on realizing growth."
The fiscal year ending January 30, 2022 is referred to as "2021" and the fiscal year ended January 31, 2021 is referred to as "2020". The adjusted non-GAAP financial measures below exclude certain costs incurred in connection with the acquisition of MIRROR, and the related tax effects.
For the first quarter of 2021, compared to the first quarter of 2020:
Net revenue increased 88% to $1.2 billion. On a constant dollar basis, net revenue increased 83%.
Company-operated stores net revenue increased 106% to $536.6 million.
Direct to consumer net revenue increased 55% to $545.1 million. On a constant dollar basis, direct to consumer net revenue increased 50%.
Net revenue increased 82% in North America, and increased 125% internationally.
Direct to consumer net revenue represented 44.4% of total net revenue compared to 54.0% for the first quarter of 2020.
Gross profit increased 109% to $700.3 million and gross margin increased 580 basis points to 57.1%.
Income from operations increased 492% to $193.8 million. Adjusted income from operations increased 479% to $201.5 million.
Operating margin increased 1,080 basis points to 15.8%. Adjusted operating margin increased 1,110 basis points to 16.4%.
Income tax expense increased 827% to $49.1 million. The effective tax rate for the first quarter of 2021 was 25.3% compared to 15.6% for the first quarter of 2020. The adjusted effective tax rate was 24.5% for the first quarter of 2021 compared to 14.7% for the first quarter of 2020.
Diluted earnings per share were $1.11 compared to $0.22 in the first quarter of 2020. Adjusted diluted earnings per share were $1.16 compared to $0.23 in the first quarter of 2020.
The Company repurchased 0.3 million shares of its own common stock at an average cost of $311.02 per share.
The Company opened two net new company-operated stores during the quarter, ending with 523 stores.
The consolidated statement of operations for the first quarter of 2019 is included in the tables at the end of this release for reference. For the first quarter of 2021, compared to the first quarter of 2019:
Net revenue increased by $444.2 million, or 57%, representing a two-year compound annual growth rate of 25%.
Gross margin increased 320 basis points.
Operating margin decreased 70 basis points. Adjusted operating margin decreased 10 basis points.
Diluted earnings per share were $1.11 compared to $0.74 in the first quarter of 2019. Adjusted diluted earnings per share were $1.16 in the first quarter of 2021."
LULU - upside to resumeAfter hitting a low of 270 in early March, LULU began a rebound that soon hit into resistence between 316-320 and pretty much gyrate between 300-320 till 9th April when it finally broke above this resistence.
However it soon stall a few days later and then "crashed" all the way back to test 316 on Tuesday and rebounded strongly from there the next day (ie yesterday). A break above resistence and then a retest of this level a few days later has now establised that the resistence has now turned into a support.
The odds of LULU continuing the uptrend is good (plus RSI is still above 50) with new found support around 314-316.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
LULU breakout level!LULU is squeezing on multiple time frames and is getting ready to fire. We are also in a wolf wave pattern with a price target of 350.70 (green dotted line). Today, it formed a doji after a full body candle on the previous day which signals a bullish uptrend ahead of its earnings. We might see LULU get into the earnings run soon!
Looking for this wolf wave to pan out in the next couple weeks. If you're planning on getting into this option trade, I'd go 2-3 weeks out. I'll update this as we go.
Suggested contracts:
LULU 4/30 350C @ 1.25
LULU 4/30 340C @ 2.40
$200 jogging pants I have a 345 april 30 call set to expire, this thing decided to actually participate in the free money chase to the upper right quadrant. What a turd after earnings. record quarter and the street got all pissy about guidance. So then tell me why the S&P hits a new record daily, d bags. PT 360 would be nice, but will take 353. nobody going back to the office, just buy another pair of this elitist crap and get me a win finally.
$LULU with a Neutral outlook following its earnings #Stocks
The PEAD projected a Neutral outlook for $LULU after a Negative Under reaction following its earnings release placing the stock in drift D
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