12 June Watchlist 👀

 

Today we are watching…

1. Lululemon Athletica (#lulu)

Lululemon Athletica, according to its latest earnings report, was not exempt from the footfall decimation in retail caused by coronavirus. The maker of sports bras and yoga pants told investors that online growth couldn’t save the brick and mortar decline, and that overall sales were down 17% from a year ago. However, the CEO did point out that Lululemon’s products have long shelf-lives, and that demand is sure to return. It has a large cash balance and reasonable debt pile, so this isn’t a bankruptcy waiting to happen. The stock got punished 9% yesterday, but it’s still going strong year-to-date.

2. Sony (#sony)

The gaming world just got its first look at the PlayStation 5. The new console looks dope, like a Wi-Fi router. You could argue that it has an aesthetic edge over its rival, the Xbox Series X, which also comes out at the end of this year. The big question for investors is, what compatibilities will the console have? Dozens of hardware providers can’t design, manufacture, and sell new models such as virtual reality headsets and racing wheels yet, so that will be the next big catalyst to watch out for. In terms of the console war, the PlayStation 4 sold double the units of the Xbox One. The ball is in Microsoft’s court to respond!

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