3 Sportswear Stocks to Buy as Q2 Earnings Season Heats Up
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains takes a look at three sportswear stocks to consider buying as the second quarter 2019 earnings season kicks off. Overall, more than 140 companies are set to report their quarterly results this week. This list features nearly 60 S&P 500 members, which includes IBM, Microsoft, Netflix, United Airlines, and more.
With this in mind, total second-quarter 2019 earnings for the S&P 500 index are expected to be down 3.4% from the year-ago period on +3.9% higher revenues. So, let’s take a look at three sportswear retail stocks that are set to see their earnings surge and look like buys heading into earnings.
The first stock is Skechers U.S.A.
Moving on, Under Armour
The episode then ends with a look at Lululemon
The Vancouver-based company has also expanded its menswear business and bolstered its outwear offerings to better compete with the likes of Canada Goose
Lululemon’s positive earnings estimate revision activity helps the company earn its current Zacks Rank #2 (Buy). LULU is expected to be the last of these three companies to report its Q2 results, which are projected to come out in late August.
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