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Top Stock Picks for Week of April 29, 2019

Panel Of Zacks Experts

lululemon athletica Inc. LULU, designs and retails athletic clothing for women, men, and female youth. lululemon outperformed the industry in a year’s time owing to a robust surprise trend driven by the progress on its strategy for 2020 with stringent focus on digital and international growth. Fourth-quarter fiscal 2018 marked the eighth consecutive earnings beat and 13th straight positive sales surprise. Moreover, strong earnings growth was driven by positive trends in traffic, guest engagement and product margin. Moving ahead, lululemon is likely to witness strong momentum across its business while executing growth strategies. As a result, management provided a solid view for first-quarter and fiscal 2019. 

Cadence Design Systems CDNS, is the largest supplier of electronic design technologies, methodology services, and design services. The companyreported stellar first quarter results and provided an encouraging forthcoming outlook. Moreover, both top and bottom line increased year over year. Over the past three months, the Zacks Consensus Estimate for CDNS's full-year earnings has moved higher by double digits. This is a sign of improving analyst sentiment and a positive earnings outlook trend. An expanding product portfolio as well as frequent product launches are key catalysts.

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