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This Growth Stock Is Down 45%. Should You Buy It Like There's No Tomorrow?
Investors willing to look around can still find potential opportunities. Even the share prices of generally high-quality businesses can take a hit due to a variety of factors. It's worth understanding whether or not they are deserving of your capital.There's one notable growth stock trading 45% below its record (as of March 31), which was established in December 2023. Should you buy shares on the dip?It's certainly encouraging to see a business exceed Wall Street estimates. This is precisely what Lululemon Athletica (NASDAQ: LULU) did in its fiscal 2024 fourth quarter (ended Feb. 2). Revenue jumped 13% year over year to $3.6 billion, while diluted earnings per share (EPS) rose 16% to $6.14. That's where the positive view ends, as shares tanked double digits following the financial update.Continue reading
Investors willing to look around can still find potential opportunities. Even the share prices of generally high-quality businesses can take a hit due to a variety of factors. It's worth understanding whether or not they are deserving of your capital.
There's one notable growth stock trading 45% below its record (as of March 31), which was established in December 2023. Should you buy shares on the dip?
It's certainly encouraging to see a business exceed Wall Street estimates. This is precisely what Lululemon Athletica (NASDAQ: LULU) did in its fiscal 2024 fourth quarter (ended Feb. 2). Revenue jumped 13% year over year to $3.6 billion, while diluted earnings per share (EPS) rose 16% to $6.14. That's where the positive view ends, as shares tanked double digits following the financial update.
