lululemon athletica (LULU) Sees Early Gains Amid Amazon (AMZN) Takeover Speculation

November 29, 2017 9:49 AM

(Updated - November 29, 2017 10:00 AM EST)

lululemon athletica (NASDAQ: LULU) gains in early trade amid Amazon (NASDAQ: AMZN) takeover speculation. Shares up 1.5%.

UPDATE: comments came from DA Davidson analyst Tom Forte on Bloomberg's 'What'd You Miss?' Tuesday afternoon. Forte highlights that Amazon takes a "build first, buy second" approach to M&A, as witness by Whole Foods. He feels now is the time Amazon is ready to "buy" to expand in apparel and says a takeover of lululemon "makes the most sense" so it can go after the strongest apparel category - athleisure.

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