2 stocks long-term investors can buy before December profits

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Today’s episode of Full Court Finance at Zacks deals with the ups and downs of Wall Street that began on Black Friday. The episode then dives into Lululemon LULU and FedEx FDX ahead of their financial releases to see if either stock might be worth buying right now.

Buyers returned on Monday, following Friday’s massive sell-off that ended a wild six-session streak. The Dow Jones was up 2%, while the S&P 500 jumped 1.3% and the Nasdaq jumped 1% late in the afternoon to start the week. The main catalyst seems to be the possibility that the new Omicron variant will be smoother than some had feared.

Sales and volatility have kicked into high gear amid renewed covid uncertainty and comments from Jay Powell that inflation may justify a faster cut. Powell also noted that maybe it was time they stopped using the term “transient” when talking about the price hike. All of this helped push the Nasdaq down nearly 7% from its records at some point last week.

Wall Street has also used recent headlines as a chance to take more profit off the table. High-flying alumni and big covid winners have suffered the most, with tons recently hitting new 52-week lows.

Sales and volatility could certainly continue. Still, long-term investors often use withdrawals to buy some of their favorite stocks at a discount.

With that in mind, we’re exploring Lululemon first ahead of its Q3 financial release due out on Thursday, December 9. The company has helped change the way millions of people dress as part of its transformation from a niche yoga retailer to a global clothing brand.

Lululemon’s clothes and other attire can now be worn at the gym and golf course, as well as for nights out on the town. LULU has also expanded beyond clothing with its purchase of Mirror, a digital-focused home fitness company.

FedEx is next set to release its FY22 second quarter results on December 16. Despite its recent setbacks, including rising labor costs, FedEx’s successful e-commerce expansion has better positioned the global shipping powerhouse for years of steady growth.

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