Key Events and Earnings Reports to Watch in the Markets This Week
This week in the markets is expected to be full of key events that could impact various sectors, from the U.S. employment report to earnings releases from prominent companies like CrowdStrike, Lululemon, and Nio. Investors are gearing up for insights into the state of the economy, with a particular focus on the jobs report and its potential implications for interest rate adjustments.
Lululemon Faces Stock Market Challenges After Disappointing Earnings Report
Lululemon Athletica Inc. (NASDAQ: LULU) faces challenges in the stock market after a disappointing earnings report last quarter. Despite this, analysts maintain a Buy rating on Lululemon shares, citing an attractive valuation and potential turnaround. The stock’s recent decline contrasts with a previous surge, with a drop of 30% following the earnings report.
Lululemon Founder Sparks Controversy with Diversity Comments
Lululemon’s billionaire founder, Chip Wilson, has sparked controversy by criticizing the company’s diversity and inclusion efforts, asserting that exclusivity is more important than inclusivity. In an interview with Forbes, Wilson, who stepped down from the posh leggings company 10 years…