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June 9- Lululemon Athletica Inc shares jumped on Tuesday after the Canadian yogawear retailer raised its full-year outlook, further evidence it is regaining its footing following a high-profile 2013 recall of overly sheer yoga pants. The company also reported a better-than-expected first-quarter profit despite poor weather, West Coast port delays, and...
Investors should remain skeptical about buying Lululemon Athletica's stock despite its most-recent earnings beat, Jim Cramer says.
*U.S. small business confidence in May hits 5- month high. *Burlington Stores fall after results. June 9- Wall Street was set to open modestly lower on Tuesday, following three straight days of losses, on intensifying speculation that the Federal Reserve could raise interest rates as soon as September.
Some of the names on the move ahead of the open.
*Futures up: Dow 17 pts, S&P 2 pts, Nasdaq 10 pts. June 9- U.S. stock index futures were lower on Tuesday, following three straight days of losses on rising speculation that the Federal Reserve will raise rates as soon as September. The data is due at 10:00 a.m. ET.
Lululemon raised its full-year revenue and earnings forecast and reported better-than-expected profit, helped by strong comparable store sales.
June 9- Canadian yogawear retailer Lululemon Athletica Inc raised its full-year revenue and earnings forecast and reported better-than-expected first-quarter profit, helped by strong comparable store sales. The company inched up its full-year earnings forecast to $1.86 to $1.91 per share from $1.85 to $1.90 and revenue forecast to $2.0- $2.05 billion...
U.S. stocks were expected to open a little lower on Tuesday, with focus on data that could offer clues on the U.S. interest rate outlook.
TORONTO, June 9- Canadian yogawear retailer Lululemon Athletica Inc's quarterly profit more than doubled, helped by a 6 percent rise in total comparable-store sales on a constant-dollar basis. The company said earnings for the first quarter ended May 3 rose to $47.8 million, or 34 cents per share, from about $19 million, or 13 cents per share, a year earlier.
JOLTs is closely watched by Janet Yellen, and it will be more interesting if it shows more progress in the labor market.
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Bond market volatility could keep stocks in check in the coming week, as investors watch for more proof of momentum in the U.S. economy.
“Mad Money” host Jim Cramer calls out his price to buy a hot stock in the healthcare business.
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The acquisition of Ann Taylor parent Ann Inc. could spur activity among other apparel retailers, Jefferies analyst Randal Konik said.
NEW YORK, May 15- A U.S. appeals court on Friday agreed with Lululemon Athletica Inc that a lawsuit accusing the retailer of defrauding shareholders by failing to reveal defects that caused yoga pants to become see-through was properly dismissed. The 2nd U.S. Circuit Court of Appeals in Manhattan said shareholders led by the Louisiana Sheriffs' Pension& Relief...
"Fast Money" traders discussed how to play big moves in names such as McDonald's, Shake Shack and Lululemon.
A dominant fashion trend and more style-oriented men should drive sales at these women's retailers, Jefferies analyst Randal Konik said.