Why Lululemon and Macy's Crashed While Abercrombie Soared on Monday

By Neil Rozenbaum – Jan 10, 2023 at 9:47AM

NASDAQ: LULU

Lululemon Athletica

Market Cap

$42B

Today's Change

(-0.41%) -$1.37

Current Price

$334.76

Price as of April 15, 2024, 4:00 p.m. ET

Bloated inventories and consumer pullback on discretionary purchases will be a story to follow.

In this video, I will talk about why Lululemon (LULU -0.41%) and Macy's (M -2.12%) crashed while Abercrombie (ANF 0.90%) soared on Monday, and what it could tell us about things to come in 2023.

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*Stock prices used were from the trading day of Jan. 9, 2023. The video was published on Jan. 9, 2023.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lululemon Athletica. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.