11 Best Affordable Growth Stocks to Buy Now

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9. Lululemon Athletica Inc. (NASDAQ:LULU)

Lululemon Athletica Inc.(NASDAQ:LULU) is one of the best affordable growth stocks to buy now. On March 3, Lululemon Athletica Inc. (NASDAQ:LULU) unveiled its first-ever sweat-concealing technology designed for high-sweat activities.

The new technology under the company’s ShowZero platform conceals higher sweat volumes while ensuring enhanced breathability. The technology also ensures moisture management to support demanding high-sweat activities. The technology changes how light interacts with fabric, eliminating light absorption when wet. Therefore, it makes sweat virtually invisible.

In addition, the technology offers enhanced comfort with its lightweight feel and advanced wicking, enabling quick drying. Developed in partnership with Frances Tiafoe, the technology is to be featured in the custom kit for the BNP Paribas Open.

By finding a way to analyze sweat, the new technology positions Lululemon to meet an unmet need and develop a sweat-concealing solution for high-sweat activities like tennis. Last year, Lululemon Athletica entered into a multi-year partnership with the BNP Paribas Open to become its official apparel and footwear outfitter.

Lululemon Athletica Inc. (NASDAQ:LULU) designs and retails high-quality, technical athletic apparel, footwear, and accessories for yoga, running, training, and general fitness. Targeting both women and men, the company focuses on creating specialized performance gear using proprietary fabrics, while also fostering a community-focused, mindful movement brand.

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