Blue-Chip Buccaneers: 3 Industry-Leading Stocks at Prices You Can Plunder

Market Overview - The market rally is uneven, with technology and AI-related stocks performing well, while blue-chip and value stocks lag behind [1] - Growth stocks have outperformed value stocks since the current bull market began 18 months ago [1] - This uneven performance presents a buying opportunity for investors to acquire quality stocks at lower prices [1] Lululemon (LULU) - Lululemon's stock rose after reporting Q1 EPS of $2.54, exceeding the expected$2.38, and revenue of $2.21 billion, beating the consensus of$2.19 billion [2] - Quarterly sales increased by 10% year-over-year, but North American sales growth has slowed, with a 3% increase compared to a 17% rise a year earlier [2] - For 2024, Lululemon forecasts earnings of $14.47 per share and revenue of$10.80 billion, aligning with Wall Street expectations [3] Costco Wholesale (COST) - Costco reported an 8.1% year-over-year sales increase in May, reaching $19.60 billion, with e-commerce sales rising 15.3$57.40 billion, a 9.1% year-over-year increase [5] - COST stock has gained approximately 30% in 2024 and 62% over the last 12 months [6] Lowe's (LOW) - Lowe's stock has remained relatively flat year-to-date, down about 1%, and trades at 13 times future earnings estimates [7] - Q1 EPS was $3.06, surpassing the expected$2.94, with revenue of $21.36 billion, slightly above the forecast of$21.12 billion [7] - Sales declined by 4% year-over-year, marking the fifth consecutive quarter of decline, but sales to professional contractors and online sales continue to grow [8]