This typo an eagle-eyed reader caught last Friday made me swear: feeder readback. Take it in.
We’ll do better next time, and we do value your feedback, reader.
As to China blaming the U.S. for causing a global freakout, a reader says: “I think China should step up and take responsibility.
“Instead of blaming the U.S., it’s time for China to help prevent the spread of the coronavirus.”
We presume you’ve heard China requested Macao close 41 casinos after one hotel employee came down with the coronavirus.
Considering Macao is a hotspot for gamblers from around the world, it’s a tough decision that had to be made.
We don’t think China’s underreacting to the viral outbreak. What we question is if Beijing’s suppressing some stats? What do you think?
Your Rundown for Wednesday, Feb. 5, 2020
LULU… At Your Leisure
We’ve sung the praises of upscale athleisure brand Lululemon Athletica (LULU) at The Rundown before.
Here’s what we see as the company’s secret to success…
At core, Lululemon maintains its direct-to-consumer model. In that way, Lululemon doesn’t flood the market with products that sit on store shelves. That keeps costs down and quality-control up.
And the company has a pulse on what consumers want; as a result, the company rolls out new products only occasionally but very strategically.
Last, the company’s leadership is top-notch, building brand awareness slowly, without sacrificing quality.
And LULU made a killing over the holidays, prompting CEO Calvin McDonald to say: “We’re excited by the momentum in our business over the holiday period with guests responding well to our innovative merchandise offerings.”
Talk about momentum: LULU’s shares rocketed 91% in 2019, adding an additional 4% year-to-date.
Perhaps most exciting, the company’s expanding outside the North American market with international revenue increasing 35% in fiscal Q3.
We’ll get an even clearer picture when the company announces earnings in early March.
Market Rundown for Wednesday, Feb. 5, 2020
S&P 500 futures are up 22 points to 3,319.75
Oil’s almost 4% up to $51.54 for a barrel of WTI.
Gold is up $5.60 per ounce to $1,561.10.
Bitcoin’s flying — up $270.38 to $9,450.32.
Have a great Wednesday. We’ll talk more Friday.
For the Rundown,