Lululemon slumps on earnings. Bargain hunters beware.
At this point, the case for the stock can be summed up “in one line: It’s too early,” as Quo Vadis Capital President John Zolidis succinctly put it.
June 5, 2026
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At this point, the case for the stock can be summed up “in one line: It’s too early,” as Quo Vadis Capital President John Zolidis succinctly put it.
“We believe investors are skeptical and reluctant to believe the turnaround is real, setting up further upside in the shares,” writes Quo Vadis Capital President John Zolidis.
Some truly immense amounts of money are about to be spent. Alphabet (aka Google) surprised investors last week with a 2026 capex (investment spending) plan of $175B-$185B. Meta (aka Facebook) is at $115B to $135B. Microsoft (aka Microsoft) is on track for $145B. Amazon, looking for one ring to rule them all, is targeting $200B.
Examining the factors behind 2025’s double-digit gains is instructive as a starting point for thinking about next year.
“Partnering in China absolves management of some operational complexity and geopolitical exposure while freeing resources to focus on a nascent turn in the North American business,” said John Zolidis, president and founder of Quo Vadis Capital.
The average restaurant stock has dropped 13% since the start of the third quarter. In contrast, the S&P 500 is up 8% over the same period. This is a big spread. Why are restaurant stocks being sold off?
Weakness in the first quarter, however, has “thrown some doubt” on whether the firm can achieve its goals, wrote John Zolidis, president of Quo Vadis Capital, in a Thursday note. At a minimum, he wrote, the timeline has been pushed out.