About lululemon athletica inc. - Common Stock (LULU)
Lululemon Athletica is a leading retailer specializing in athletic apparel and accessories, primarily focused on yoga, running, and workout gear. The company offers a wide range of high-quality, performance-oriented clothing for both men and women, as well as a selection of lifestyle products that promote an active and healthy lifestyle. Recognized for its innovative designs and commitment to sustainability, Lululemon encourages a community-oriented culture through fitness programs and events, fostering a strong brand loyalty among its customers. Read More
The "Motley Fool Money" crew discusses another disappointing jobs report, the week in artificial intelligence, and a vibe check on some of the most talked about names on the market.
Shares of Lululemon Athletica are trading near their 52-week low during Monday's session. The company last week slashed its full-year forecast and warned of significant margin pressure from new U.S. tariffs.
A softer-than-expected U.S. labor market spooked investors on Friday, dragging major indices lower despite initial optimism over potential Fed rate cuts. Gold surged to record highs as traders sought safety.
Lululemon's stock price is nearing its bottom but still has room to fall; investors should not try to catch this falling knife but wait for a rebound to buy.
Let's delve into the developments on the US markets one hour before the close of the markets on Friday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 18.4% in the morning session after the company cut its full-year revenue and profit guidance, signaling a weaker outlook ahead.
Nike shares are falling Friday in sympathy with Lululemon. Investors grew concerned that escalating U.S. tariffs on imported goods will pressure margins across the athletic apparel sector.
A rather disappointing jobs report is challenging Wall Street's optimism over looming rate cuts, as labor market weakness stirs fresh concerns about the economy.
