By Carly Forster
Lululemon Athletica inc. (NASDAQ:LULU) is a Vancouver, British Columbia based yoga-inspired athletic apparel retailer who produces its own clothing line which is sold internationally in Lululemon stores.
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On August 29th, The Street blogger Jonas Elmerraji named Lululemon Athletica inc. (NASDAQ:LULU) as a “toxic stock” that shareholders should Sell as soon as possible. He reasoned that Lululemon was “one of the most conspicuous losers of 2014,” with shares having dropped over 31% on a year-over-year basis. Elmerraji continues to claim that the “selling [of Lululemon] isn’t necessarily over” as shares are pointing toward another drop in September.
Elmerraji’s Past Recommendations
Elmerraji has a history of offering financial advice for a variety of stocks across all sectors, such as Keurig Green Mountain Inc (NASDAQ:GMCR) and Johnson & Johnson (NYSE:JNJ), helping him earn an overall average return of +5.1% with a 62% success rate in making recommendations.
On July 14th of this year, Elmerraji named Keurig Green Mountain as a “rocket stock” to Buy for summer gains. He noted that after its big investment from The Coca-Cola Company (NYSE:KO), the company is ready to debut its Keurig Cold machine, which is all the more reason to pay attention to the stock in 2014. Since then, Keurig Green Mountain has gone up from $122.82 to $133.32, helping him earn a +24.2% average return on the stock.
Similarly, on May 12th of this year, Elmerraji named Johnson & Johnson as another “rocket stock” to Buy to beat a sideways market. He reasoned, “Increasing analyst sentiment is the reason for this stock’s presence on our Rocket Stocks list.” Since then, Johnson & Johnson has gone up from $99.15 to $103.73, helping him earn a +7.2% average return on the stock.
On the other hand, Elmerraji has not always been correct with his recommendations. On June 27th of this year, he named Hershey Co (NYSE:HSY) as a stock that wants to pay its investors more in 2014. He noted, “In the past several years, dividends have failed to keep pace with a double-digit sales and profit growth rate. That leaves some cushion for HSY to hike its payout without getting overextended.” Since then, Hershey has gone down from $96.35 to $91.42, attributing to his -7.8% average return on the stock.
Elmerraji is serious about his shopping given his successful Buy recommendations. Would you trust his latest recommendation based on his financial advice history?
To see more recommendations from Jonas Elmerraji, visit TipRanks today!
Carly Forster writes about stock market news. She can be reached at Carly@tipranks.com