Jim Cramer Recently Discussed These 15 Stocks & The California Wildfires

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11. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders In Q3 2024: 45

Lululemon Athletica Inc. (NASDAQ:LULU) is a sizable athletic retailer based in Canada. Since the retail industry has been hit by inflation cutting down consumer purchasing power, the firm’s shares have lost 19.9% over the past year. However, the winds appear to be shifting for Lululemon Athletica Inc. (NASDAQ:LULU). The firm’s third-quarter earnings report released in December saw it raise its full-year 2024 revenue forecast to a midpoint of $10.470 billion from an earlier $10.425 billion on the back of a revamped strategy for China. Here’s what Cramer said about Lululemon Athletica Inc. (NASDAQ:LULU):

“Yeah look, there’s a lot of negativity today so I figured like, put something in that’s positive. LULU pre-announces positive to the upside. Now they had already delivered a really terrific last quarter, Calvin McDonald just excelling here. But five eighty one to five eighty five, from five fifty six to five sixty four, uh, they had just a fabulous holiday season. But they David have the most momentum of anyone right now in retail. Quite extraordinary. RH being second to them.”

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