Closing Bell Movers: Lululemon falls over 20% on soft guidance
In the opening hour of the evening session, U.S. equity futures are mixed – S&P 500 e-minis are flat at 5,948, Dow Industrials are up 0.1%, and Nasdaq 100 is down 0.1%. In commodities, narrow trading ranges persist – WTI Crude Oil is down slightly but still above $63 per barrel, Gold continues to consolidate its Monday's gains just above $3,380, while Silver remains bid, though off Thursday's highs and back below $36 per ounce.
Confident Investing Starts Here:
Thursday started on a hopeful note for investors following reports of talks on trade and tariffs between President Trump and China President Xi. Sentiment deteriorated however with an escalation of tension between Trump and Tesla CEO Musk, who had remained vocally critical of the administration's fiscal plans as the Big Beautiful Bill works its way through Congress. Tesla shares closed the day down over 14%, weighing on the Consumer Discretionary space – the worst performing sector in the S&P 500. Investor focus turns to Friday's non-farm payrolls and May employment data after alarming ADP report earlier this week as well as continued uplift in the weekly jobless claims also out this morning.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Guess (GES) up 0.2%
ALSO HIGHER –
Rocket Lab (RKLB) up 6.1%, Tesla (TSLA) up 1.5% amid Musk-Trump rift
Circle Internet Group (CRCL) up additional 3.3% after 168.5% gain in first day of trading
DOWN AFTER EARNINGS –
Lululemon (LULU) down 22.4%
DocuSign (DOCU) down 17.9%
Samsara (IOT) down 12.6%
ServiceTitan (TTAN) down 12.6%
Petco Health and Wellness Company, Inc. (WOOF) down 8.3%
Braze (BRZE) down 8.0%
Broadcom (AVGO) down 3.8%
Torrid Holdings (CURV) down 1.2%
Rubrik (RBRK) down 1.0%
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
HubSpot, Inc. (HUBS): A Bull Case Theory
We came across a bullish thesis on HubSpot, Inc. (HUBS) on Compouding Your Wealth's Substack. In this article, we will summarize the bulls' thesis on HUBS. HubSpot, Inc. (HUBS)'s share was trading at $578.25 as of 29th May. HUBS's forward P/E was 61.73 according to Yahoo Finance. A person using a laptop with a blue background showing the software platform's user inteface. HubSpot reported strong financial results for Q1 2025, with revenue reaching $714.1 million, a 15.7% increase year-over-year and 20.8% quarter-over-quarter growth, surpassing estimates by 2.3%. Subscription revenue, which makes up nearly 98% of total revenue, grew by the same rate, highlighting continued customer demand for its core offerings. While gross margin declined slightly by 0.7 percentage points to 83.9%, and operating margin dropped by 0.9 points to 14%, free cash flow margin improved modestly to 17.1%. Net margin was negative 3.1%, reflecting a 4-point decrease from the prior year, largely influenced by non-GAAP adjustments and timing of certain expenses. Earnings per share of $1.78 exceeded expectations by 1.7%. Key metrics such as deferred revenue and remaining performance obligations showed significant growth, up nearly 20% and 37% respectively, underscoring strong future revenue visibility. Billings rose by 19.6%, though average revenue per customer declined slightly by 3.6%, signaling some pressure on pricing or customer mix. Customer count increased by 19.1% to over 258,000. On the operational side, sales and marketing efficiency improved with S&M expense as a percentage of revenue falling by 1.6 points, while R&D and G&A expenses rose modestly as a share of revenue. The company highlighted its rapid product innovation with over 200 new features released, particularly embedding AI across its platform and expanding enterprise capabilities. AI-powered tools like Customer Agent have driven measurable improvements in sales and support efficiency. HubSpot raised its full-year revenue guidance to approximately $3.04 billion, projecting continued growth fueled by a combination of seat expansion and consumption-based AI monetization, while maintaining a cautious view on macroeconomic uncertainty. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading our summary of this bullish thesis on Shopify Inc. (SHOP). HubSpot, Inc. (HUBS) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 61 hedge fund portfolios held HUBS at the end of the first quarter which was 73 in the previous quarter. While we acknowledge the potential of HUBS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
The Hill
17 minutes ago
- The Hill
Freedom Caucus warns it will ‘not accept' Senate changes on green energy tax credits
The conservative House Freedom Caucus said on Friday that it would 'not accept' changes that 'water down' its cuts to green energy tax credits as the Senate weighs whether to alter the legislation. The House version of the 'big, beautiful bill' would make drastic changes to tax cuts for low-carbon energy sources passed in the Democrats' 2022 Inflation Reduction Act (IRA). Climate-friendly energy projects, including wind and solar, would only be able to qualify for the credits under the House bill if they begin construction within 60 days of the bill's enactment. This brief window would likely make many projects ineligible for the credits, and is expected to significantly hamstring the development of new renewable power. In a post on social media on Friday, the Freedom Caucus warned the Senate against loosening that restriction or others included in the bill. 'We want to be crystal clear: if the Senate attempts to water down, strip out, or walk back the hard-fought spending reductions and IRA Green New Scam rollbacks achieved in this legislation, we will not accept it,' said the post, which was attributed to the Freedom Caucus's board. 'The House Freedom Caucus Board will stand united holding the line. The American people didn't send us here to cave to the swamp — they sent us here to change it,' they added. The Senate has been widely expected to consider changes that could slow the rapid elimination of the tax credit passed under the House version of Trump's 'big beautiful bill.' Republican Sens. Lisa Murkowski (Alaska), Thom Tillis (N.C.), Jerry Moran (Kan.) and John Curtis (Utah) released a letter warning against a 'full scale' repeal of the tax credits. Senate Republicans can only afford three defections and pass their bill. On Friday, a group of 13 House GOP moderates released a letter calling on Senate leadership 'to substantively and strategically improve clean energy tax credit provisions' in the legislation. 'We believe the Senate now has a critical opportunity to restore common sense and deliver a truly pro-energy growth final bill that protects taxpayers while also unleashing the potential of U.S. energy producers, manufacturers, and workers,' said the letter, which was led by Reps. Jen Kiggans (R-Va.) and Brian Fitzpatrick (R-Pa.). Altogether, the letters illustrate what could be a tough task ahead of the Republican leadership as they look to find a measure that will keep at least 50 senators on board and appease the House. Emily Brooks contributed.
Yahoo
17 minutes ago
- Yahoo
Philip Morris International Inc. (PM): A Bull Case Theory
We came across a bullish thesis on Philip Morris International Inc. (PM) on Librarian Capital's Substack. In this article, we will summarize the bulls' thesis on PM. Philip Morris International Inc. (PM)'s share was trading at $177.87 as of 29th May. PM's trailing and forward P/E were 28.02 and 23.75, respectively, according to Yahoo Finance. Pixabay/Public Domain Philip Morris (PM) demonstrated solid growth in Q1 2025, with revenues up 5.8%, EBIT up 12.8%, and EPS up 13.1%, driven notably by a 15% increase in U.S. ZYN consumer offtake volume and a 53% rise in shipments. The company raised its 2025 outlook, projecting adjusted EPS growth of 12-14% in dollar terms. Despite potential political risks, PM is viewed as largely 'Trump-proof' due to its diversified exposure and product portfolio. Trading at $170.24 with a ~23x P/E and a 3.2% dividend yield, PM offers an attractive total return potential of 57% (13.7% annualized) by the end of 2028. Having been a cornerstone of the 'Select 15' model portfolio since 2023 and a top-five holding since September 2023, PM has delivered strong long-term performance, with shares up 120% since the initial Buy rating in 2019. The company's structural growth and resilience to macroeconomic shocks, including new U.S. tariffs, underpin its investment appeal, making it a compelling buy with limited downside risk and strong upside potential. Previously, we have covered Philip Morris International Inc. (PM) in April 2025 wherein we summarized a by Hidden Market Gems on Substack. The author highlighted the company's resilience amid rising trade tensions and economic uncertainty. The author argued that PM's locally sourced supply, strong pricing power, and macro-proof product lineup made it an ideal investment in a volatile market environment. Since our last coverage, the stock is up 17.6% as of 29th May. Philip Morris International Inc. (PM) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 104 hedge fund portfolios held PM at the end of the first quarter which was 102 in the previous quarter. While we acknowledge the potential of PM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
