Nike vs. Lululemon: Is Either Apparel Stock Due for a Sharp Rebound?

It’s been almost a week since Lululemon’s (LULU)  lackluster Q2 report led to a sharp decline in its stock, hitting a new 52-week low of $162 a share. Although Lululemon was able to exceed Q2 earnings expectations, the leading athletic apparel company slashed its full-year guidance, with a major factor being a $240 million hit from tariffs.This has raised concerns about the effects of a challenging macro environment on other active-wear apparel companies, including Nike (NKE) , which is scheduled to report ...