LULU - Could Lululemon Help You Become a Millionaire?
2024-07-20 10:29:00 ET
The main objective of investing in the stock market is to raise your purchasing power over time at a much faster clip than the rate of inflation. This is a more complex way of saying that people want to become rich from the stocks that they own.
In the past five years, shares of Lululemon (NASDAQ: LULU) have risen by only 54%, a huge disappointment when compared to the triple-digit total returns of both the S&P 500 and Nasdaq Composite Index during the same time. Perhaps things will start to turn around for the better.
Could this beaten-down apparel stock one day make you a millionaire?
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Could Lululemon Help You Become a Millionaire?