How to Trade Lululemon After Earnings
Like the look of Real Money Stock of the Day Lululemon Athletica post-earnings?
Real Money's Stephen Guilfoyle explained why he likes Lululemon after earnings.
"I like how you can't go anywhere without seeing this product, you know, even in your own mailbox," he said.
But there's more to it than that.
"Their margins are improving, their sales are improving, they upped guidance but they stayed below Wall Street consensus, which I thought was interesting.
It was really perceived rather well by analysts on the Street overall.
What I'm thinking about doing, what I'm probably going to do when I finally get off the air at all of these places, is I'm going to probably grab a few shares around $174 if I can get them, I'm probably going to play a real safe, just a covered call strategy," Guilfoyle explained.
Want to understand Guilfoyle's strategy?
Watch the full video.
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