While the rally in some of the reopening stocks has fizzled out, the back to the office trade is alive and well.
This was first evidenced by earnings beat by Ulta Beauty Inc. (NASDAQ:ULTA), which nudged the issue to an all-time high — impressive in today's market environment.
This new trend was confirmed with an impressive earnings report from Lululemon Athletica Inc. (NASDAQ:LULU), which is Friday's Pre Market Prep Stock of the Day.