Lululemon: Strong Company, Uncertain Times, Hold

Eric Broder Van Dyke/iStock Editorial via Getty Images Investment Thesis With economic data digested and the Fed meeting behind us, earnings season takes center stage. However, mixed signals abound, prompting caution, especially for consumer discretionary stocks – a sector hypersensitive to economic cycles. Morgan Stanley’s Mike Wilson, one of my favorite equity strategists, points to reports from McDonalds (MCD), Starbucks (SBUX), and Amazon (AMZN) that belt tightening is underway. This trend continued ...