Retail

Activewear and workout stocks are on the move. Two traders’ favorites

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Shares of Lululemon, L Brands and Peloton have been active lately.

Lululemon rose nearly 2% on Wednesday following a positive call from Goldman Sachs, which named the stock a top idea for its “best in class” brand positioning. Peloton’s stock fell by more than 5% in the same session on the back of a downgrade by Wedbush on fears that the company will lose steam in the post-pandemic era. 

L Brands climbed more than 1% as investors digested the company’s quarter-to-date results and updated guidance released Tuesday. Of the three names, L Brands has made the biggest move this year, up more than 100%.

Peloton was down more than 2 in midmorning trading Thursday, while Lululemon and L Brands…



Source cnbc.com

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