The flood of reports from retail companies tells us a lot about consumer spending. Plus the market is once again buying into meme stocks and SPACs. Is this time different?
The bedrock of the U.S. economy, consumer spending, is showing concerning cracks, raising red flags for investors and economists alike. A confluence of a softening labor market and declining consumer confidence has put the stock market on edge, with upcoming retail earnings reports now serving as critical barometers for
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
Mid-cap stocks have the best odds of scaling into $100 billion corporations thanks to their tested business models and large addressable markets.
But the many opportunities in front of them attract significant competition, spanning from industry behemoths with seemingly infinite resources to small, nimble players with chips on their shoulders.
Lululemon stock dipped as investors weighed North America weakness, tariff headwinds, and discounting risks against its brand strength and global growth.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 3.2% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.
Having a stock you own get acquired at a premium feels good at first, but what about the long-term gains that will be left behind when your chips are off the table?
UBS said Lululemon's U.S. sales momentum through August month-to-date has been "lackluster," generating just 1% U.S. sales growth in the second quarter.
