5 September Watchlist 👀

 

Today we are watching…

1.  Lululemon Athletica (#lulu)

Nike wants to eat Lululemon Athletica’s lunch, aiming its crosshairs directly at the athleisure segment that has helped Lulu eclipse so many past earnings estimates. In defense, the smaller retailer is diversifying away from North America. It’s also enjoying its strongest demand from sporty customers for its highest-margin clothing, aiding profitability that’s sustained by a strong e-commerce presence. Needless to say, Lululemon staff have been rushed off their feet recently! Their chances of a summer bonus may rest on the company’s earnings showing today, as it aims to beat Wall Street expectations of $0.89 in profit per share on $842 million in revenue. Got LULU in your portfolio? We wish you the best of fortunes!

2. Signet Jewelers (#signet)

If Signet Jewellers can find a way to beat earnings expectations today, investors could easily see the stock pop. The jeweler has lost its sparkle after its costs mushroomed and its store concept began falling apart, but refreshingly, its troubleshooting efforts strike at the heart of those problems. The Bermudan company is on a cost-reduction kick, but investors will need to see more significant results before returning to the stock. Signet investors have been sat on the sidelines of this bull market, watching other market players fritter their riches (but not even on Signet’s jewelry)! Things aren’t looking good. The company is up against profit per share estimates of $0.25 on $1.34 billion in revenue. There couldn’t be a diamond in the rough here, could there?

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