logo
Stock Movers: Verizon, Opendoor, Lululemon

Stock Movers: Verizon, Opendoor, Lululemon

Bloomberg3 days ago
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec. - Verizon (VZ) shares rallied after it posted second-quarter revenue that surpassed analysts' estimates and raised its profit outlook, buoyed by wireless price increases and recent tax legislation. Operating revenue was $34.5 billion, up 5.2% from a year earlier, The New York-based carrier said in a statement. Wall Street had been expecting $33.7 billion, on average. Wireless service revenue, which excludes device purchases and upgrades, was $20.9 billion, in line with analysts' projections. The strong performance, as well as 'favorable tax reform,' led Verizon to boost some full-year guidance metrics, including adjusted earnings before interest, tax, depreciation and amortization and free cash flow. CEO Hans Vestberg said Verizon has 'momentum and a clear path forward.' - Opendoor (OPEN) shares were halted for volatility during trading today, jumping as much as 121%, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms. The stock's triple-digit surge sent shares soaring to $4.97, well-above the $1 level it was bouncing around for the last few months. While shares in the online platform for buying and selling US real estate since pared their rally — closing around 43% higher — it's still its sixth straight day of gains. Trading was briefly halted in the afternoon because of volatility. Opendoor has been the subject of chatter among retail traders on social media in recent days after Eric Jackson, founder of Toronto-based hedge fund EMJ Capital made a series of posts on social media platform X encouraging buying. It was listed as the topmost actively traded stock on Stocktwits Monday afternoon, and was being heavily cited by posters on Reddit's WallStreetBets thread. - Lululemon (LULU) shares slipped today as the athleisure brand continues to suffer from slowing sales. Lululemon's core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, according to Randal Konik, an analyst at Jefferies. That's an alarming issue for Lululemon, he added, showing erosion in core demand for the brand's clothes. 'We've witnessed signals of a brand in decline and see risks to earnings ahead,' Konik said in a note to clients on Thursday. The analyst, a long-time critic of the company's strategy, has had an underperform rating on Lululemon's stock since 2022.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sharda Cropchem Q1 results: Revenue up 26% YoY to Rs 958 crore, net profit jumps over 424%
Sharda Cropchem Q1 results: Revenue up 26% YoY to Rs 958 crore, net profit jumps over 424%

Business Upturn

timean hour ago

  • Business Upturn

Sharda Cropchem Q1 results: Revenue up 26% YoY to Rs 958 crore, net profit jumps over 424%

Sharda Cropchem reported its Q1 Results, showcasing a sharp turnaround in profitability and healthy growth in revenue. The company posted a net profit of Rs 143 crore for the quarter ended June 30, 2025, a significant jump from Rs 27 crore in the same period last year. Revenue from operations rose 26% year-on-year to Rs 958 crore, compared to Rs 785 crore in Q1 FY25. The strong performance was driven by improved operational efficiencies and favorable foreign exchange movements. The company recorded a forex gain of Rs 73 crore in Q1 FY26, as against a loss of Rs 8 crore in the previous year. EBITDA for the quarter stood at Rs 216 crore, rising sharply from Rs 77 crore YoY, while EBITDA margin improved to 21.9% from 9.8% last year. This substantial margin expansion highlights Sharda Cropchem's operational leverage and prudent cost management amid rising input costs. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

LISSUN Acquires Being Cares to Strengthen Family-Focused Mental Health Services with AI
LISSUN Acquires Being Cares to Strengthen Family-Focused Mental Health Services with AI

Entrepreneur

timean hour ago

  • Entrepreneur

LISSUN Acquires Being Cares to Strengthen Family-Focused Mental Health Services with AI

As part of the acquisition, Being Cares' Co-founders Varun Gandhi and Abhishek Sharma will join LISSUN as Chief Product Officer and Chief Technology Officer respectively. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Mental health platform LISSUN has acquired US-based mental wellness company Being Cares in a move aimed at integrating advanced artificial intelligence into family-oriented mental healthcare. The acquisition brings together LISSUN's therapist-led services with Being Cares' intelligent mental health mapping model, enabling a comprehensive, tech-driven approach to care. Being Cares currently supports nearly one million users across the globe through an AI-based system that monitors over 40 mental health conditions. These include anxiety, depression, burnout, and parenting-related stress. The system analyses more than 2,500 causes and effects to offer personalised mental health insights. LISSUN plans to further adapt this model to address child-centric issues such as autism, ADHD, speech delays, and learning difficulties. As part of the acquisition, Being Cares' co-founders Varun Gandhi and Abhishek Sharma will join LISSUN as Chief Product Officer and Chief Technology Officer respectively. "This is not just an acquisition. It marks the beginning of a complete reimagining of how mental healthcare can support entire families," said Tarun Gupta, Co-founder of LISSUN. "With Being's AI and our clinical expertise, we are building a system that addresses families' concerns from the very first signs, offers digital guidance, and seamlessly transitions into in-person care when needed." Founded in 2021 by Krishna Veer Singh and Tarun Gupta, LISSUN operates a hybrid mental health model that spans psychiatry, rehabilitation, infertility and maternity support, and child development. Its child-focused initiative, Sunshine by LISSUN, launched in June 2023, provides developmental and behavioural therapy for children with neurodevelopmental disorders. To date, Sunshine has delivered more than 30,000 therapy hours and supported over 10,000 children across 20 centers. Varun Gandhi, CEO and Co-founder of Being Cares, added, "Joining LISSUN felt like coming home. Our goal was always to build an empathetic, intelligent assistant that families could trust. With LISSUN, we now have the infrastructure, therapists, and shared values to bring this dream to life." Looking ahead, LISSUN plans to expand the Sunshine network to over 200 centers within the next two to four years. The company also intends to deploy its AI assistant Ray across platforms such as WhatsApp to provide real-time, personalised support to parents navigating their child's mental health. The firm emphasised that while this acquisition is a significant step forward, it remains open to collaborating with early-stage mental health startups developing innovative solutions.

Best Galaxy Z Flip 7 deals — get Samsung's new foldable for free
Best Galaxy Z Flip 7 deals — get Samsung's new foldable for free

Tom's Guide

time3 hours ago

  • Tom's Guide

Best Galaxy Z Flip 7 deals — get Samsung's new foldable for free

The first Galaxy Z Flip 7 deals are now live. The new phone costs $1,099, whereas the Galaxy Z Flip 7 FE — which is a slightly paired down version — costs $899. If you're looking to save money, the best Galaxy Z Flip 7 deals come from Samsung. You can get $770 off the Galaxy Z Flip 7 at Samsung. Plus, you'll get a free storage upgrade to 512GB. Likewise, Samsung is taking up to $560 off the Galaxy Z Flip FE and offering a free storage upgrade to 256GB. In our Galaxy Z Flip 7 review, we called Samsung's new mobile flip phone perfection. We especially like its robust camera features, helpful multimodal AI functionality, and support for Samsung DeX, which lets you use your phone as a desktop. If you're eager to get Samsung's new foldables, there are many Galaxy Z Flip 7 deals you can get right now. Verizon, Samsung, and AT&T are just a few of the retailers offering early deals. (For more ways to save, check out our guide to the best Samsung promo codes). Galaxy Z Flip 7: up to $770 off w/ trade-in @ SamsungSamsung is knocking up to $770 off its Galaxy Z Flip 7 when you trade-in an older phone. Additionally, you'll get a free storage upgrade with your purchase. The phone features a 6.9-inch AMOLED (2520 x 1080) inner display w/ 120Hz refresh, 4.1-inch AMOLED (948 x 1048) outer display w/ 120Hz refresh, Exynos 2500 CPU, 12GB of RAM, and 256GB of storage. You also get 50MP f/1.8 main and 12MP f/2.2 ultra-wide rear cameras and a 10MP f2.2 selfie cam. In our Galaxy Z Flip 7 review, we called it flip phone perfection thanks to the phone's biggest upgrade in years. Galaxy Z Flip 7: free w/ unlimited @ T-MobileT-Mobile is offering various Galaxy Z Flip 7 deals. You can get the phone for free when you add a line on T-Mobile's Go5G Plus or Experience More plans. Or get it for free with Experience More and Experience Beyond plans. Galaxy Z Flip 7: free w/ trade-in @ AT&TNew and existing customers can get a free Galaxy Z Flip 7 when they trade-in any Galaxy S, Note, or Z series phone in any condition. Additionally, you'll get a free storage upgrade with your purchase. Galaxy Z Flip 7: up to $1,100 off w/ trade-in @ VerizonVerizon is offering aggressive Galaxy Z Flip 7 deals. Trade-in an old phone and you'll get up to $1,100 off Samsung's new foldable. Plus, you'll get a free storage upgrade with your purchase. Galaxy Z Flip 7: up to $600 off w/ trade-in + storage upgrade @ Best BuyBest Buy is offering one of the best Galaxy Z Flip 7 deals right now. Purchase your phone at Best Buy and you'll get up to $600 off via trade-in. Additionally, you'll get a free storage upgrade to the 512GB model. Galaxy Z Flip 7: for $1,099 @ AmazonFree $200 Amazon gift card! Amazon is offering a free $200 Amazon gift card when you buy your Galaxy Z Flip 7. Plus, you'll also get a free storage upgrade from 256GB to 512GB. Galaxy Z Flip 7: up to $800 off w/ trade-in @ Xfinity MobilePurchase the Galaxy Z Flip 7 at Xfinity Mobile and you'll save $1,100 after trade-in. If you don't have a phone to trade-in, you can still get up to $500 off Samsung's new phone. Galaxy Z Flip 7: free w/ unlimited @ Boost MobileBoost Mobile is offering the Galaxy Flip 7 for free. Best of all, no trade-in is required. You'll just need to sign up to an unlimited data plan from $65/month. Galaxy Z Flip 7 FE: up to $560 off w/ trade-in @ SamsungSamsung is knocking up to $560 off the Galaxy Z Flip 7 FE when you trade-in an older phone. Additionally, you'll get a free storage upgrade with your purchase. This Fan Edition phone is a less expensive version of the Galaxy Z Flip 7. Galaxy Z Flip 7 FE: up to $550 off + storage upgrade @ Best BuyBest Buy is offering one of the best Galaxy Z Flip 7 FE deals right now. Purchase your phone at Best Buy and you'll get up to $550 off with trade-in and a free storage upgrade. Galaxy Z Flip 7 FE: for $899 @ AmazonAmazon is offering a free $100 Amazon gift card when you purchase your Galaxy Z Flip 7 FE. Plus, you'll also get a free storage upgrade from 128GB to 256GB. Galaxy Z Fold 7 FE: up to $1,100 off w/ unlimited @ Boost MobileBoost Mobile is offering the Galaxy Flip 7 FE for free. Best of all, no trade-in is required. You'll just need to sign up to an unlimited data plan from $65/month.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store