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Lululemon Lifts Guidance, Premium Prices Do Not Deter Customers

Jun 3, 2022
Scott Peters
Lululemon sales surge as loyal customers continue to splurge on high-priced premium items. The company also said it plans to keep investing in China where it operates 71 stores.

LULU

Tech Stocks Drop 2% After Strong Jobs Report

Jun 3, 2022
Barry Adams
Cautious investors sold stocks and dragged the tech-heavy Nasdaq index down more than 2%. Employers added more than expected 390,000 net new jobs supporting Fed's case to lift rates higher and faster.

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Tech Rally Lifts Nasdaq 2%, S&P 500 Adds 1.4%

Jun 2, 2022
Barry Adams
The S&P 500 and Nasdaq Composite indexes accelerated gains after bargain hunters added exposure to tech and large cap stocks. Saudi Arabia led OPEC+ agreed to bring forward oil production increase in the next two months.

PVH Corp, Parent of Calvin Klein, Lowered Annual Outlook

Jun 2, 2022
Scott Peters
PVH Corp, the parent of Tommy Hilfiger and Calvin Klein, lowered annual earnings and sales outlook. In the latest quarter, the apparel maker's earnings were ahead of expectations.

PVH

U.S. Stocks Trend Lower On Microsoft Warning and OPEC Output Decision

Jun 2, 2022
Barry Adams
U.S. stocks trade sideways and crude oil was in focus after the extended OPEC member nations agreed to bring forward additional oil supply in the next two months.

Chewy First Quarter Sales Rise 14%, Net Income Falls 52%

Jun 1, 2022
Anand Sheth
Chewy, the online pet food retailer reported first quarter profit after the company expanded its active customer base with larger purchases.

CHWY

Sentiment Sours On Economic Worries, Rising Mortgage Rates, and Elevated Energy Prices

Jun 1, 2022
Barry Adams
U.S. market indexes struggled after mortgage rates rose, economic worries resurfaced, and energy prices failed to budge from elevated levels. European and Asian markets closed down.



Stocks Drop After JOBS Report and Dimon Hurricane Comments

Jun 1, 2022
Barry Adams
U.S. stocks turned lower on the renewed worries of the health of the economy after the latest jobs survey showed a decline in available jobs. Crude oil and the yield on the 10-year U.S. Treasury notes headed higher.

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U.S. Indexes Extend May Losses

May 31, 2022
Barry Adams
U.S. stocks closed mixed after another day of lackluster trading. European leaders agreed to ban the import of oil from Russia and cargo insurance but appeared to be divided in shipping advanced arms to Ukraine.

U.S. Stocks Turn Lower After Oil Jumps 3%

May 31, 2022
Barry Adams
U.S. stocks turned lower after a week of advance and another leg up in energy prices dampened the sentiment. Eurozone record inflation advanced for the seventh month in a row and the EU leaders placed a ban on energy products imports from Russia.

Perception of Cooling Inflation Powered 2% Stock Rally

May 27, 2022
Barry Adams
Investors after weeks of rising inflation and bond yields hit the buy button after the latest measure of inflation showed signs of cooling. The personal consumption expenditure, controversial but Fed's preferred measure, showed a mild decline over a year in April.

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Burlington Stores Battles Demand Shift, Inventory Challenges, Inflation

May 27, 2022
Scott Peters
Burlington Stores quarterly results were marred by consumer demand shift, inventory mismatch, and rising freight and product costs. The retailer said the monthly sales trend is encouraging but issued a cautious outlook.

BURL

Ulta Beauty Benefits from Return to Work, Events and Glam Trends

May 27, 2022
Scott Peters
Ulta Beauty reported strong quarterly results as customers return to work and start to participate in events and activities. The retailer lifted its full-year sales and earnings growth outlook.

ULTA

Old Navy Challenges at Gap Overshadowed Banana Republic Strength

May 27, 2022
Scott Peters
Gap Inc said quarterly sales were marred by falling demand at its namesake brand and management challenges at Old Navy. Banana Republic sales surged 24%. The company plans to close 350 stores in North America.

GPS


U.S. Indexes Advance After April Household Spending Increased

May 27, 2022
Barry Adams
Stocks on Wall Street advanced after the release of personal income and consumption data. Retailers were in focus after American Eagle Outfitters, Big Lots, and Hibbett results disappointed investors. Costco same stores sales showed consumer strength.