Nike and Lululemon stocks are down in 2024, but Nike may be a better investment.

From Nasdaq: 2024-09-07 06:10:00

Nike (NYSE: NKE) and Lululemon Athletica (NASDAQ: LULU) investors have seen tough times, with both stocks down sharply in 2024. Nike is down 25% YTD, while Lululemon has dropped by around 50%. Despite challenges, there may be an opportunity for investors as both companies navigate shifting consumer dynamics. Nike’s recent financials show a slowdown in revenue growth, but management remains optimistic about the long-term outlook. Lululemon is also facing sales headwinds, but international expansion and growth forecast offer potential. Analysts believe Nike may be the better investment currently due to a more balanced risk profile and proven history.



Read more at Nasdaq: Best Stock to Buy Right Now: Nike vs. Lululemon