
$Nike(NKE.US), $Draftkings(DKNG.US) both rose over four percentage points, and $Lululemon(LULU.US) also saw a slight increase. It's rare to see the sports consumption sector collectively perform well — $Nike(NKE.US)'s inventory cycle is in its later stages, $Draftkings(DKNG.US) is supported by the sports betting event calendar, and $Lululemon(LULU.US) is still rebuilding confidence below the 50-day moving average. Each rebound has its own reasons; the rally in consumer stocks has always been a grind, don't expect it to finish in one go 😇
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