2023-03-16 05:45:00 ET
Many investors believe they need to chase the latest technology trends to find big winners in the stock market, but that's not true at all. Lululemon Athletica (NASDAQ: LULU) and Deckers Outdoor (NYSE: DECK) are leading apparel brands that delivered market-crushing returns over the last decade. If you had invested a total of $1,000 10 years ago -- with $500 into each stock -- you would now have $6,415.
It's not too late to buy these two apparel stocks. Their brands are still posting impressive numbers to deliver more great returns.
Lululemon is the next global athletic-wear brand in the making. It started with its first official store in Vancouver, British Columbia, in 2000 and has been expanding ever since. The brand has taken off with its blend of proprietary technical fabrics with everyday clothing styles, and it still has a world of opportunity ahead.
For further details see:
2 Undervalued Apparel Stocks I'd Buy in a Heartbeat