Strong Earnings Lift Clothing Stocks

Mar 29 13:03 2019 Print This Article

Market Recap for Thursday, March 28, 2019

Lululemon Athletica (LULU, +14.13%), PVH Corp (PVH, +14.76%), and Movado Group (MOV, +22.77%) all surged after the clothing & accessories retailers all posted much better than expected quarterly earnings.  The Dow Jones U.S. Clothing & Accessories Index ($DJUSCF, +5.10%) stormed higher and closed at its highest level since early November.  The DJUSCF has more work to do, but yesterday was a very good start as the DJUSCF made a relative trendline breakout vs. the benchmark S&P 500:

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