Lululemon Athletica, Ralph Lauren, Crocs, PVH and Under Armour are part of the Zacks Industry Outlook article.
The Zacks Textile - Apparel industry participants are battling persistent inflationary pressure and supply-chain issues. Effective digital efforts bode well for Lululemon (LULU), Ralph Lauren (RL), Columbia Sportswear (COLM), PVH Corp. (PVH) and Under Armour (UAA).
Wolfe Research downgraded Tesla (NASDAQ:TSLA) to Peer Perform from Outperform. While the firm remains positive on Tesla's long-term opportunity and "impressive cost trajectory," it is growing increasingly concerned about macro challenges facing the EV maker. Tesla has had to lower prices more than expected, and there are macro challenges that could hurt EV makers even more.