What happened Shares of outerwear maker Canada Goose (NYSE: GOOS) lost 18.2% in May, according to data from S&P Global Market Intelligence. The sharpest drop of the month was a 6.5% single-day decline based on signs of a weakening economy. So what On May 13, Federal Reserve Chairman Jerome Powell said that the COVID-19 pandemic had left the U.S. economy "highly uncertain and subject to significant downside risks." Many retailers' stocks tumbled on that statement, particularly on the upscale side of the tracks. It's no surprise to see Canada Goose crashing on a day like that given 29% of the company's annual sales come from the U.S. market. Image source: Getty Images. Now what The stock bounced back in a hurry in early June, thanks to gradual reopenings in many U.S. states and a solid fourth-quarter earnings report. Canada Goose's cost-saving steps helped the company crush Wall Street's bottom-line estimates despite a 10% year-over-year drop in sales. Shares are now trading 7% above their prices at the end of April, but also 29% lower on a year-to-date basis. 10 stocks we like better than Canada Goose HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Canada Goose Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Canada Goose Holdings. The Motley Fool has a disclosure policy.Source