Lululemon Athletica inc. (LULU), Sony Corporation (ADR) (SNE), Netflix, Inc. (NFLX): What’s Trending on Tuesday

On the stock market, among thousands of stocks and other exchange-traded products, an investor can really get lost, and that is why it is important to track the companies that are on everyone’s collective radar. With the S&P 500 increasing by over 0.5%, and the Dow Jones Industrial Average edging up by 0.2% today, some of the most widely-discussed companies have been Lululemon Athletica inc. (NASDAQ:LULU), Sony Corporation (ADR) (NYSE:SNE), and Netflix, Inc. (NASDAQ:NFLX).

Lululemon Athletica inc. (NASDAQ:LULU)Lululemon Athletica inc. (NASDAQ:LULU) picked up about 0.3% today and currently trades at over $69 per share, which is still far below its 52-week high of $82.5. Earlier this year, Lululemon was in the middle of a scandal related to the quality of some of its yoga clothes, which however was taken care of soon enough in order to prevent causing a great damage to the company’s earnings. These issues managed to affect the company’s reputation in the eyes of its customers as well as in the eyes of investors.

Another company in the middle of attention is Sony Corporation (ADR) (NYSE:SNE) whose stock is about 0.1% up at around $20, coming close to its 52-week high of $23. With a dividend yield of 1.4% and trailing a P/E of about 38.4, the stock of Sony has managed to advance by 78% since the beginning of the year. Sony captures the attention amid rumors regarding a possible deal between Sony and Viacom, which will allow it to stream cable TV programs directly to its consoles, TVs and other devices. With a possibility of such deal, many other companies that offer similar services as Viacom, might consider joining in to enlarge the list of programs that might be available on Sony devices.

With an increase of over 5%, Netflix, Inc. (NASDAQ:NFLX)’s stock is currently traded at around $272.9 per share, which is the highest value of its stock over the past year. At the same time, since January 1, the stock of Netflix is up by almost 200%.  As one of the leaders in the video streaming industry, Netflix continues to gain revenues from subscribers as more and more households choose connected TV devices that are able to stream video. In this way, a research study from Parks Associates estimates that over 300 million of such devices will be sold annually in a couple of years, which shows an attractive market for device producers as well as for companies offering the service.

Disclosure: none

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