3 Top Retail Stocks to Watch in August
Many retail stocks recently plunged after the Trump administration announced that it would apply a 10% tariff on the remaining $300 billion in Chinese goods -- which will affect clothing, shoes, electronics, and other goods -- on Sept. 1. But some babies were also thrown out with the bathwater, and a trio of our investors will highlight three stocks to keep an eye on this month -- Lululemon (NASDAQ: LULU), Home Depot (NYSE: HD), and Skechers (NYSE: SKX).
Leo Sun (Lululemon): Shares of Lululemon rallied nearly 50% this year as the athleisure apparel maker repeatedly impressed investors with its robust comps and earnings growth. Lululemon's revenue rose 24% last year, its comps rose 7%, its gross margin expanded, and its adjusted EPS surged 48%.
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Source Fool.com
