$RL Ralph Lauren EZ Dip Buy Off Disastrous NKE Earnings
Posted: Jul 02, 2024
- The reddit post discusses investing in fashion stocks, specifically mentioning Abercrombie & Fitch, Crocs, and Ralph Lauren - Highlights the potential of Ralph Lauren ($RL) and its appeal to consumers seeking quality - Mentions the trends in American fashion and how RL stands out from athleisure brands like Nike ($NKE) and Lululemon ($LULU) - Talks about RL's strong fundamentals compared to peers and gives a long term price target of $212/share - Provides technical analysis suggesting support levels at $170 for buying opportunities, with a strategy for buying down to $160 - Discloses the poster's own positions in RL stock and options, holding mainly long term shares and some short term call options for the Olympics bump
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