Lululemon: Consumers 'picking their spots' to spend, strategist says

Lululemon Athletica (LULU) reported second quarter results that beat analyst estimates. When it comes to retailers that cater to wealthier consumers, "it's all about branding, it's all about pricing power, it's all about sort of aspiration," says eToro Global Markets Strategist Ben Laidler. Laidler tells Yahoo Finance Live that some high-end consumers are trading down and that "consumers are absolutely picking their spots" when it comes to spending their cash.