LULU - 1 Stock That Turned $10000 Into $70000
2024-06-15 04:31:00 ET
This might sound obvious, but the primary goal of putting money to work in the stock market is to turn a sum of money into a much larger pool of capital. While the S&P 500 has done a great job at this historically, some individual stocks have fared better.
Look at Lululemon Athletica (NASDAQ: LULU) . In the past decade, shares have soared about 600%, turning $10,000 into $70,000 today. This is even with the apparel stock currently trading 39% below its all-time high, which was established in December 2023.
I believe it's a good idea to look at Lululemon's past success before figuring out if the company makes for a smart buying opportunity today.
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1 Stock That Turned $10,000 Into $70,000