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Aug 30, 2024
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lululemon and alter the beauty lowering sales outlooks. lululemon up about .2% to seeing increased competition and inflation hurt demand for yoga pants and the beauty affected more by u.s. consumers cutting back on makeup and cosmetics. higher pressures dampening demand. all still down 2.8%. that's a stock berkshire has recently gotten into. intel higher after a bloomberg report said the company is considering splitting off its foundry business. intel's long-time bankers morgan stanley and goldman sachs have been advising on these possibilities that could also include potential m&a. intel up more than 11.3%, rising through the course of friday's trade and marvel shares rising amid relentless ai hardware demand. reporting earnings results beating expectations and analysts responding positively to the report spurring up target prices already with the stock up more than 10.7% on today. another big story is openai's latest funding round, drawing interest from three of the most valuable technology companies, apple, microsoft and nvidia. for mor
lululemon and alter the beauty lowering sales outlooks. lululemon up about .2% to seeing increased competition and inflation hurt demand for yoga pants and the beauty affected more by u.s. consumers cutting back on makeup and cosmetics. higher pressures dampening demand. all still down 2.8%. that's a stock berkshire has recently gotten into. intel higher after a bloomberg report said the company is considering splitting off its foundry business. intel's long-time bankers morgan stanley and...
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Aug 30, 2024
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lululemon has lowered its revenue forecast for the year as consumer spending ways on retailers.lete should brand has initially expected growth at 11 — 12% and lowered estimate 27 — growth at 11 — i2% and lowered estimate 27 — 8%, it's partly due to a botched product launch for its lake innes injuly, lululemon had to pull the plug is within weeks with widespread complaints. take a listen to this iconic tune. it complaints. take a listen to this iconic tune.— this iconic tune. # because maybe- -- — this iconic tune. # because maybe- -- # _ this iconic tune. # because maybe... # you're - this iconic tune. # because maybe... # you're going i this iconic tune. # because| maybe... # you're going to this iconic tune. # because . maybe... # you're going to be the one that saves me. whether it's new to _ the one that saves me. whether it's new to you _ the one that saves me. whether it's new to you or— the one that saves me. whether it's new to you or one _ the one that saves me. whether it's new to you or one year - it's new to you or one year member, you can get ready to belt out live
lululemon has lowered its revenue forecast for the year as consumer spending ways on retailers.lete should brand has initially expected growth at 11 — 12% and lowered estimate 27 — growth at 11 — i2% and lowered estimate 27 — 8%, it's partly due to a botched product launch for its lake innes injuly, lululemon had to pull the plug is within weeks with widespread complaints. take a listen to this iconic tune. it complaints. take a listen to this iconic tune.— this iconic tune. # because...
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Aug 29, 2024
08/24
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lululemon beating on earnings, but missing on sales expectations., investors for whatever reason, up 5.5%. ceo expressed optimism on the call. tim tim, ulta, lulu, any other retailer. take your pick. >> well, health, beauty, and athleisure were some of the great trends coming out of covid, and part of what drove ulta and lulu to be two of the most popular overweights. i i'll speak to lulu -- i've been negative on lulu for a year and a half, or so. i wish i stayed in this short. i will tell you that the argument here is that the u.s. comps and the international comps continue to get worse. and jeffries' call is those comps go negative. congrats to that analyst who has been well ahead. we've had on the show talking about the problems at lulu. what was solid about these numbers, the margins, which should be deteriorating, that's part of the argument. they are going into this downtrend at peak margin and margins are going to have to give ground. these numbers were better than expected. markdowns have been limited. essentially, what we're seeing on the t
lululemon beating on earnings, but missing on sales expectations., investors for whatever reason, up 5.5%. ceo expressed optimism on the call. tim tim, ulta, lulu, any other retailer. take your pick. >> well, health, beauty, and athleisure were some of the great trends coming out of covid, and part of what drove ulta and lulu to be two of the most popular overweights. i i'll speak to lulu -- i've been negative on lulu for a year and a half, or so. i wish i stayed in this short. i will...
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Aug 30, 2024
08/24
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lululemon's ceo blamed lack of newness for soft women's apparel and jeffrey's analyst said lululemon'srmance have peaked. going back and forth. with mortgage rates slowly coming down, will fall break the housing market logjam? our dynamic duo real estate agents are here to tell us what they see. later, we go inside the fed with james bullard, on the table in september. we are keeping eyes on the dow basically flat right now. back and forth between the red and green. don't go away. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (g
lululemon's ceo blamed lack of newness for soft women's apparel and jeffrey's analyst said lululemon'srmance have peaked. going back and forth. with mortgage rates slowly coming down, will fall break the housing market logjam? our dynamic duo real estate agents are here to tell us what they see. later, we go inside the fed with james bullard, on the table in september. we are keeping eyes on the dow basically flat right now. back and forth between the red and green. don't go away. business....
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Aug 30, 2024
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lululemon doesn't have that anymore.competition and everyone has their own personality so to speak. i think of lulu as technical functionality. i think of sweaty betty as affordable. each has their own posts and you have to cater to staying in your lane. the fact that they didn't have the newness in women's impacted the ability to drive conversion. lisa: there is also a question is how much of the weakness is just beginning at a time when we just got a note talking about how they expect the savings rate to fall at an all-time low and essentially people are spending with the have left and have already spent of the pandemic savings. how much do you expect this to be the last gasp whether than weakest spot? dana: i think the customer has money but it is where they are going to spend it. look at the experience versus goods element out there. the other thing is changing, look at other categories that have underperformed, jewelry has been week. they have to see something they don't have in the closet already. jonathan: when i
lululemon doesn't have that anymore.competition and everyone has their own personality so to speak. i think of lulu as technical functionality. i think of sweaty betty as affordable. each has their own posts and you have to cater to staying in your lane. the fact that they didn't have the newness in women's impacted the ability to drive conversion. lisa: there is also a question is how much of the weakness is just beginning at a time when we just got a note talking about how they expect the...
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Aug 12, 2024
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leading the losses, lululemon, which has been more than cut in half since january. ulta, etsy, nike, bed bath and body works. >> oh, man, things we care a lot about. >> a bankrupt retailer is the one that exists. >> they lost a third of their value, that's the bottom line. can this week's reports help the group rebound? guy, what do you think? >> i don't know, i don't think so. and to me it's more about the commentary, and the commentary we've heard from retailers for the last couple of quarters is things are slowing down. the consumer's being more rational in terms of spending and it's manifesting in a number of different ways. you mentioned those five or six stocks. lulu lululemon, then you start connecting the dots and say, wait a second, obviously discretionary is going by the wayside and the retailers that win are the retailers that have been winning all along. walmart wins, costco wins and maybe throw a tjx. after that it's completely hit or miss. i want to hear from home depot. i think they were down 11% year-over-year, last quarter which suggests margins sho
leading the losses, lululemon, which has been more than cut in half since january. ulta, etsy, nike, bed bath and body works. >> oh, man, things we care a lot about. >> a bankrupt retailer is the one that exists. >> they lost a third of their value, that's the bottom line. can this week's reports help the group rebound? guy, what do you think? >> i don't know, i don't think so. and to me it's more about the commentary, and the commentary we've heard from retailers for...
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Aug 30, 2024
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dollar general bouncing a bit. >> want to get to lululemon.d anchor partner and my current one sara was here, i'm sure we would have led with it. >> and the fact that nike is one of the few decliners on the dow. >> yeah. lululemon i think being responded to fairly positively despite what you're looking at there. let's take a look at the stock itself this morning. no. it is down 1%. i had it up early in the premarket. we're talking about a quarter compared to -- net revenue up 7% to $2.4 billion. about 8% on a constant dollar basis. international up 29%. there have been -- you can see what's been going on with the stock price over some period of time now, what had been, of course, for a long period of time a high flyer benefitting' nor mussily from the fashion trends it introduced. >> yeah. if we can get the intraday, it did start higher. >> it was higher this morning. >> it's telling you, all not just in the premarket at the open itself, so we've seen quite an interesting turnaround in the last couple of moments there. it was a couple percent
dollar general bouncing a bit. >> want to get to lululemon.d anchor partner and my current one sara was here, i'm sure we would have led with it. >> and the fact that nike is one of the few decliners on the dow. >> yeah. lululemon i think being responded to fairly positively despite what you're looking at there. let's take a look at the stock itself this morning. no. it is down 1%. i had it up early in the premarket. we're talking about a quarter compared to -- net revenue up...
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Aug 29, 2024
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. >>> still to come, a cautious tone growing around lululemon.o y rket nagar,ou n'vito y rket nagar,ou dot want to miss this. (♪♪) car, this isn't the way home. that's right james, it isn't. it's next. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insuranc
. >>> still to come, a cautious tone growing around lululemon.o y rket nagar,ou n'vito y rket nagar,ou dot want to miss this. (♪♪) car, this isn't the way home. that's right james, it isn't. it's next. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges,...
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Aug 30, 2024
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. >>> shares of lululemon missing sales estimates first time in two years and cutting full year guidance. blew lieu looking to right its resale ship, a breeze through leggings following customer complaints about their look and fit. google that. interesting complaints there. though the company stip stopped estimates. gross margins in better than expected. shares up over 4.5%. >>> ulta beauty ahead of the open. you can see shares down more than 6.5%. also trim the full-year outlook. ulta says dropping 1% second quarter compared to 8% rise a year earlier. the ceo says the quarter did not meet expectations and its market share continues to be "challenged." shares of ulta, again, down over 6.5%. >>> time for the corporate stories. one chipmaker trying to right its ship. sylvana, good morning, happy friday. >> hey, frank. happy friday. well, we're talking about intel. sources telling cnbc company executives are working with multiple advisers including investment bankers like morgan stanley to address its struggling fortunes as it stocks sits near its lowest level since 2013. seeing shares slig
. >>> shares of lululemon missing sales estimates first time in two years and cutting full year guidance. blew lieu looking to right its resale ship, a breeze through leggings following customer complaints about their look and fit. google that. interesting complaints there. though the company stip stopped estimates. gross margins in better than expected. shares up over 4.5%. >>> ulta beauty ahead of the open. you can see shares down more than 6.5%. also trim the full-year...
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Aug 30, 2024
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up next we've got lululemon.r after the company missed sales estimates duts its full year e guidance and the stock down nearly 50%. without showing off unattractive leggings, can lulu turn things around? >> they can. this is a long-term buy. the space has had a tough time. it's been out much favor. but the product is everywhere. these products are everywhere, so i expect a bounce. you're right, from lulu has been cut in half year-to-date. but again, that's an over reaction. partly because both revenue and earnings per share are expected to grow by 9% both this year and next, so with a forward p/e of just 18, it's cheaper than the broad market and nike has a p/e of 24 and 26, lulu is quite a bit cheaper than nike. but the company can't have any more failures like its breeze through leggins which you referred to. they can't afford to any misses like that. they need to start coming through and produce. >> breeze through. >> it makes your butt look like a whale's tail is what people thought. >> i have not heard of th
up next we've got lululemon.r after the company missed sales estimates duts its full year e guidance and the stock down nearly 50%. without showing off unattractive leggings, can lulu turn things around? >> they can. this is a long-term buy. the space has had a tough time. it's been out much favor. but the product is everywhere. these products are everywhere, so i expect a bounce. you're right, from lulu has been cut in half year-to-date. but again, that's an over reaction. partly because...
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Aug 19, 2024
08/24
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officers had been looking for her after they were told that she stole items from both sephora and lululemon. she told police she hid in the trunk because she was scared. >> well, two michigan children and their parents are grateful to some adults that they didn't even know they stepped in to stop what could have become a nightmare. here's abc's alison kosik. >> people versus andy balogh. >> this morning, a 23 year old is charged in the attempted kidnaping of two girls in separate incidents outside detroit in broad daylight, both attempts were thwarted by good samaritans. >> i have a lot of anger and aggravation and rage. >> alicia switkowski was at a park with her son and seven year old niece on tuesday when police say andy balogh pulled up in a car and approached her niece. >> he went out of his car back around, grabbed her and then tried to get into the passenger seat and we just met right through the middle there. >> moments later, the suspect driving away, hitting spakovsky's eight year old son as she hung out of the car's window. >> he had one hand on her and one hand trying to get the
officers had been looking for her after they were told that she stole items from both sephora and lululemon. she told police she hid in the trunk because she was scared. >> well, two michigan children and their parents are grateful to some adults that they didn't even know they stepped in to stop what could have become a nightmare. here's abc's alison kosik. >> people versus andy balogh. >> this morning, a 23 year old is charged in the attempted kidnaping of two girls in...
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Aug 5, 2024
08/24
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vince and rag & bone, and brands like lululemon, tory burch.e, yesterday there's a consumer they get to see in the outlets they don't get to interact with in any other venues. this is an opportunity to trade them up in the store. they become a customer of yours, you own that customer, you get to pick how you want to communicate with that customer, whether you join the loyalty program, and that brand has an tuned to trade you through their ecosystem and gets you to buy more frequently. >> you're exactly the kind of ceo and exactly the kind of company that we need to hear from on a day like today where people are very nervous. nervous can translate into big sales for companies like your. the ceo of tanker, a company we have endorsed for all of 20 years at "mad money." we'll be right back. >> thanks. >> announcer: coming up, pop open those umbrellas and tee up your questions. the lightning round is next. (office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be th
vince and rag & bone, and brands like lululemon, tory burch.e, yesterday there's a consumer they get to see in the outlets they don't get to interact with in any other venues. this is an opportunity to trade them up in the store. they become a customer of yours, you own that customer, you get to pick how you want to communicate with that customer, whether you join the loyalty program, and that brand has an tuned to trade you through their ecosystem and gets you to buy more frequently....
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Aug 4, 2024
08/24
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. >> 1 more topic most important story of the whole show lululemon pulled its latest pair of leggingsthey caused long bed i will read the question for jim. jim can you think anything worse than a long but? >> along but a short penis a woman he sent me a picture of her ass in these so i sent lima being human i'm og instead of the peach. >> along but leggings no more they were priced at $98 that have long but. >> of your spending that much on a pair leggings a better with a pair of hands holding up your back antelopes because that's way too much money you can buy the ones like the little sweetheart booty pants on amazon for $12 that got the semen the cinch that accentuates. >> right is a buddy wearing those i'm like i know what you are doing. >> these leggings at a v-shaped rear which extends up the lower back creating an unflattering visual distortion of your but which some described as a whale tale. >> celine nida arrow to the but. i'm buying hundred dollar leggings i will be frank i go to muffin top and the pandemic and i'm having trouble getting rid of it amassed more if i am pregna
. >> 1 more topic most important story of the whole show lululemon pulled its latest pair of leggingsthey caused long bed i will read the question for jim. jim can you think anything worse than a long but? >> along but a short penis a woman he sent me a picture of her ass in these so i sent lima being human i'm og instead of the peach. >> along but leggings no more they were priced at $98 that have long but. >> of your spending that much on a pair leggings a better with...
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Aug 28, 2024
08/24
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lululemon. lauren: stock is cut in half. analysts say you don't have to be everything to everybody.o who your core customer is. expect sales to increase by 9%. that slower than it has been. stuart: iran's supreme leader said he's open to renewing negotiations, talking with the us over tehran's nuclear program. is that a retreat by the iranians? retired general keith kellogg deals with that. ukraine hopes to get biden's blessing to strike russian targets with american long-range missiles. we have that next. ♪ clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to st
lululemon. lauren: stock is cut in half. analysts say you don't have to be everything to everybody.o who your core customer is. expect sales to increase by 9%. that slower than it has been. stuart: iran's supreme leader said he's open to renewing negotiations, talking with the us over tehran's nuclear program. is that a retreat by the iranians? retired general keith kellogg deals with that. ukraine hopes to get biden's blessing to strike russian targets with american long-range missiles. we...
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Aug 20, 2024
08/24
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a you've got crowdstrike up more than 1% and lululemon higher by 1%.e price of gold. it closed at $2,531.30. the highest settle ever after touching a record high of just under 2,550 earlier in the day. it is up .2% to $2,561. turning back to stocks. the rally coming among the lightest trading day of the year. bob pisani has more. >> the last two weeks of august are a snooze fest with many traders on vacation, but two powerful trends are converging to lift markets. first the s&p 500 is up eight straight sessions. the longest win streak since november of 2023. it's up about 7% in the eight days. the strongest eight-day win streak since march of 2003. many stocks have been advancing since august 5th. it happened yesterday. three stocks advancing for one declining at the new york stock exchange. for most of the year, tech led everything, but recently defensive stocks have been strong like healthcare and consumer staples. as rates have declined, utilities and real estate have been rebounding. finally, economically sensitive stocks like banks have also been
a you've got crowdstrike up more than 1% and lululemon higher by 1%.e price of gold. it closed at $2,531.30. the highest settle ever after touching a record high of just under 2,550 earlier in the day. it is up .2% to $2,561. turning back to stocks. the rally coming among the lightest trading day of the year. bob pisani has more. >> the last two weeks of august are a snooze fest with many traders on vacation, but two powerful trends are converging to lift markets. first the s&p 500 is...
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Aug 30, 2024
08/24
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we're looking at shares of lululemon. the company cutting its full year guidance.ng to fix product issues after pausing sales of leggings after complaining about the look and the fit. gross margins coming in better than expected, moving higher up over 4%. year to date, down more than 45%. we're looking at ulta beauty. shares are falling this morning. down more than 8%, big dropoff after earnings. you see the moves right here. fell short of expectations for the first time in four years. also trimmed the full year outlook. comparable store sales dropped more than 1% in the second quarter compared to 8% rise just a year ago. the company's ceo says the quarter did not meet expectations and its market share continues to be, quote, challenged. looking at shares of lulu, weak to date, down 11%. brian, back over to you. >> frank, thank you very much. >>> coming up, demand for evs worldwide slowing, hyundai doubling the hybrid range as demand for electric cars slows. a $242 million loss. in europe, carmakers are slowing the transition to pure evs. we'll talk about the secto
we're looking at shares of lululemon. the company cutting its full year guidance.ng to fix product issues after pausing sales of leggings after complaining about the look and the fit. gross margins coming in better than expected, moving higher up over 4%. year to date, down more than 45%. we're looking at ulta beauty. shares are falling this morning. down more than 8%, big dropoff after earnings. you see the moves right here. fell short of expectations for the first time in four years. also...
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Aug 30, 2024
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i will say you're right about lululemon. we're seeing a shift towards baggy jeans and sweats. for back to school. teens are wearing baggy sweats and low rise and there's no room for leggens in the way there used to be. this is going to hurt the athleisure brands. >> abercrombie seeing good back to school spending but not indicative of the space overall. it's a little softer this year. >> that's true. i've seen them investing in hollister which they hope will be their teen win. they have a back-to-school campaign for the first time in years. that brand is not big on marketing. abercrombie largely isn't big on marketing. to see them investing in an omnichannel back-to-school campaign says a lot about where they're focused. >> when the ceo has a cautious message around growth, what is she seeing? >> i think it's really hard for them to sustain the growth that they've been having. what goes up must go down. they are so fickle not just with this generation but tiktok and the social media platforms. it's really hard for these brands to keep up, and i think it was very smart of fran,
i will say you're right about lululemon. we're seeing a shift towards baggy jeans and sweats. for back to school. teens are wearing baggy sweats and low rise and there's no room for leggens in the way there used to be. this is going to hurt the athleisure brands. >> abercrombie seeing good back to school spending but not indicative of the space overall. it's a little softer this year. >> that's true. i've seen them investing in hollister which they hope will be their teen win. they...
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Aug 28, 2024
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something more fundamental than that because it's not just the tech stocks like super microit's the lululemonsave specific reasons i suppose behind them. what's spook ing the market and looking at the dow there, it happened at 11:00. boom. things turned. >> the only sec torts that are up and sol of the bonds sector, but i did notice that tips is outperforming fixed, which would suggest to me that inflation expectations perhaps are rising. the underpinnings are high. perhapsthere's some inference of strength that is causing some concern particularly on the spending and inflation sfront. >> it's so interesting that you mention the consumer confidence because we got reports from bath and body works and foot locker. what we were hearing from a lot of these retailers is choppiness in the economic ma macroenvironment. we're hearing about customers searching out for value. in fact, this is why nordstroms, which beat expectations, says we're doing really well at nordstrom rack where we have an off-price brand. how much is the consumer, one, is this a solid story? or is this a retailer company by compa
something more fundamental than that because it's not just the tech stocks like super microit's the lululemonsave specific reasons i suppose behind them. what's spook ing the market and looking at the dow there, it happened at 11:00. boom. things turned. >> the only sec torts that are up and sol of the bonds sector, but i did notice that tips is outperforming fixed, which would suggest to me that inflation expectations perhaps are rising. the underpinnings are high. perhapsthere's some...
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Aug 19, 2024
08/24
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lululemon, moderna, google, up 1 1/2%. crowdstrike coming back up 3.40. that is 1.3%.erest rates, the ten year treasury yields well below 4%, 3.89. the price of gold, very close to a record high, 2527 a ounce. bitcoin going nowhere. 58,700. oil still in the mid 70s, 76.46. nat-gas is up 4%. average price of gallon of regular, 3.41. california, you lucky people, $4.59 for a gallon of regular. it is a terrible, isn't it. coming up democrat kentucky governor andy beshear defended kamala's economic agenda. >> this is not about tries to price fix. make sure capitalism stays in the guardrails. this is not new. we've been doing this in the states a long time. stuart: to make sure capitalism stays with the guardrails. i wonder what kevin o'leary will say about that? he is on the show. trump's allies want him to expand his messaging beyond his base. jd vance says they're on it. >> i think ambassador haley is right, we have to reach a broader group of voters but i think we're doing exactly that. stuart: bill hemmer on that in the 11:00 hour. trump reacted to harris' economic pla
lululemon, moderna, google, up 1 1/2%. crowdstrike coming back up 3.40. that is 1.3%.erest rates, the ten year treasury yields well below 4%, 3.89. the price of gold, very close to a record high, 2527 a ounce. bitcoin going nowhere. 58,700. oil still in the mid 70s, 76.46. nat-gas is up 4%. average price of gallon of regular, 3.41. california, you lucky people, $4.59 for a gallon of regular. it is a terrible, isn't it. coming up democrat kentucky governor andy beshear defended kamala's economic...
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Aug 22, 2024
08/24
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a march report that said the job market is smoking hot if you think smoking hot is michael moore at lululemon's. the job estimates were off by 818,000 i haven't seen a revision that severe since they cut all the sects scenes out of the 5 to bed his commerce secretary didn't get the news. >> today the bureau of labor said more than 800,000 fewer jobs were actually created then initially reported when i hear that first avoid don't believe it because i've never heard donald trump say anything truthful. >> it's from the bureau of labor >> not familiar with that. >> and she calls herself a secretary? i bet she doesn't even respond when her name is called then there's her plan for a 25% tax on unrealized income what's that? if you own a property or stock and its value goes up you would owe tax on that game despite not selling anything say the value drops of the year you are still stuck paying the 25% tax on again that existed only on paper and you don't get the money back its classic leftism disguised theft with jargon the lake unrealized games they still your money before you even made it that's lik
a march report that said the job market is smoking hot if you think smoking hot is michael moore at lululemon's. the job estimates were off by 818,000 i haven't seen a revision that severe since they cut all the sects scenes out of the 5 to bed his commerce secretary didn't get the news. >> today the bureau of labor said more than 800,000 fewer jobs were actually created then initially reported when i hear that first avoid don't believe it because i've never heard donald trump say...
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stuart: buying the dip on lululemon. very interesting. stuart: haven't been able to say that often.ight up actually. thanks, mark. white house is down playing recent mycterolens and worries about a -- economic turbulence and hillary, what is the white house saying? reporter: the word of the day is resilient. they say americans and the economy are tough and brushing off concerns about a possible recession using the word resilient to describe the economy and consumers over ten times in yesterday's press briefing. >> we're going to continue to keep an eye on what's happening. that's what the economic team will continue to do. again, we believe the economy remains resilient and when wave seen recently is consumers remain resilient. reporter: republicans say americans shouldn't have to be resilient and vice presidential candidate jd vance saying today that the biden harris economic policy has created this problem. >> if you work hard and lay by the rules, this very simple principle should apply. work hard and play by the rules, you should be able to live a good life in this country and u
stuart: buying the dip on lululemon. very interesting. stuart: haven't been able to say that often.ight up actually. thanks, mark. white house is down playing recent mycterolens and worries about a -- economic turbulence and hillary, what is the white house saying? reporter: the word of the day is resilient. they say americans and the economy are tough and brushing off concerns about a possible recession using the word resilient to describe the economy and consumers over ten times in...
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Aug 8, 2024
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is it at lululemon? who is he taking this product challenge to?ted to be more premium brand. think of the nike and adidas of the world. brands that discount but not aggressively. the mistake that amber armor made -- under armour made is it started to discount to aggressively as inventory got out of control. you saw it at t.j. maxx. they are pulling back on discounts. we saw that with the gross margin expanding this morning. we expect it to expand up to 100 basis points for the fiscal year. they're making inroads to make that improvement, but they do need to pull back on promotions. i think that is the right strategy moving forward to make it a more premium brand. manus: their signaling a meaningful change which would shift the discussion from being a struggling growth story to an undervalued brand turnaround. what will be the proof point for you that undervalued turnaround brown is really working? is it the margins? >> the margins are already expanding. for me, it is topline. i need to see them get topline growth. right now we are nowhere near tha
is it at lululemon? who is he taking this product challenge to?ted to be more premium brand. think of the nike and adidas of the world. brands that discount but not aggressively. the mistake that amber armor made -- under armour made is it started to discount to aggressively as inventory got out of control. you saw it at t.j. maxx. they are pulling back on discounts. we saw that with the gross margin expanding this morning. we expect it to expand up to 100 basis points for the fiscal year....
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Aug 8, 2024
08/24
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and still have enough money left over to go out and buy another chip company or even if he wanted, lululemone and scope of inriddia. how it's overtaken some of the wildest stock stories we've ever seen, one of which was monster beverage. let's turn back to the earnings story. klaviyo reported earners. c.e.o. founder and c.e.o. joins us now for more. my goodness, look at your stock, up 27.25%. 35% growth on pretty decent customer growth where would you like to start? this is best day for your stock since you went public. >> yeah. thanks for having us and thanks to those around the world for a great quarter. really delivering for our customers and partners. i'm really excited about the 150,000-plus now businesses that we serve. we have a bunch of great brands in the quarter. bar stool sports, hershel supply company, and we're really -- what makes klaviyo special is we're helping businesses take control of their relationships with consumers and then drive revenue. i think when the economic environment is a little uncertain, software like klaviyo becomes a must-have. ed: so on it being a must-ha
and still have enough money left over to go out and buy another chip company or even if he wanted, lululemone and scope of inriddia. how it's overtaken some of the wildest stock stories we've ever seen, one of which was monster beverage. let's turn back to the earnings story. klaviyo reported earners. c.e.o. founder and c.e.o. joins us now for more. my goodness, look at your stock, up 27.25%. 35% growth on pretty decent customer growth where would you like to start? this is best day for your...
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Aug 21, 2024
08/24
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the nasdaq winners, sirius xm, ross stores, analog devices, lululemon athletic, the ten year treasurythe 3.8% the price of gold down five bucks today but 2545 bitcoin 55200, oil, could you give me oil. maybe wegovy can. natural gas, that is just above to 20. the average price for regular gasoline 3.39 wegovy always take to california, 4.59 for regular in the golden state. coming up barack obama coming out full force for kamala harris last night. >> wegovy do not need four more years of bluster and bubbling and chaos. wegovy are ready for president, connolly harris. stuart: wait a minute bubbling and chaos, jason chaffetz will have something to say about that, he is on the show second gentleman praising his wife as a joyful warrior. >> with your help she will lead with joy and toughness with the laugh and the look with compassion and conviction. stuart: joyful kamala. house speaker john did not convince the assignment over here is will last. >> the largest gaslight in operation in american politics. there on a sugar high and i think though, for the after the convention. stuart: are dem
the nasdaq winners, sirius xm, ross stores, analog devices, lululemon athletic, the ten year treasurythe 3.8% the price of gold down five bucks today but 2545 bitcoin 55200, oil, could you give me oil. maybe wegovy can. natural gas, that is just above to 20. the average price for regular gasoline 3.39 wegovy always take to california, 4.59 for regular in the golden state. coming up barack obama coming out full force for kamala harris last night. >> wegovy do not need four more years of...
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Aug 30, 2024
08/24
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there's a reason lululemon crashed, no one wants to spend $140 per ad you can get for $50 a target.gic. if it comes because of football season, so be it. neil: i wonder if michigan has porkchops on a stick. whoever came up with that, let me ask you, we had weird consumer sentiment numbers that show continuing improvement, the first rides we've seen in five months but each number was getting stronger showing that consumers are more optimistic than they had been. what change? do you believe that? >> zoom out, look at consumer confidence. it's near the lowest level in a hundred years come of the data going back a long time. i'm not seeing that excessive optimism. i would look for everybody even when we had the volatility spike we didn't see expansion of stocks making lows, talk about logic, logically you can't have a correction or bear market of any kind without the price of stocks falling. if you have any concerns about the economy, recession, the election or anything else concerning you keep an eye on the new lows list, one month lows, 6-month lows, those lists have not gotten longer
there's a reason lululemon crashed, no one wants to spend $140 per ad you can get for $50 a target.gic. if it comes because of football season, so be it. neil: i wonder if michigan has porkchops on a stick. whoever came up with that, let me ask you, we had weird consumer sentiment numbers that show continuing improvement, the first rides we've seen in five months but each number was getting stronger showing that consumers are more optimistic than they had been. what change? do you believe that?...
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Aug 29, 2024
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you've got brands like lululemon that only sells excess inventory, and nike only selling so customers going in, it's not fun to shop in a store when your run rungs are broken and they only have shies 2 and 15. so they're taking inventory of fabric that they're cutting up, using their best styles, putting them in a new fabrication and putting them in the stores and they sell. what is is the likelihood of lower interest rates going to mean to you and your business? >> from a consumer perspective, it puts more money back into the hands of the consumer, which is always good for us in the shopping business. but we're a growth company. we've got a great balance sheet. so it gives us better access to capital. in the fourth quarter of last year, we bought two and built one new center. and we have our eye on a number of new acquisitions that we're hoping to share with you in the coming months and years. >> we hope you'll come back and do that. thank you. is it tanger outlets or tanger? >> we dropped outlets, just tanger. >>> coming up, not just razor thin margins in the white house, congressio
you've got brands like lululemon that only sells excess inventory, and nike only selling so customers going in, it's not fun to shop in a store when your run rungs are broken and they only have shies 2 and 15. so they're taking inventory of fabric that they're cutting up, using their best styles, putting them in a new fabrication and putting them in the stores and they sell. what is is the likelihood of lower interest rates going to mean to you and your business? >> from a consumer...
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Aug 2, 2024
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this is lululemon shooting themselves in the foot.r age, are just not doing those. >> that's interesting. >> if you want to bottom fish, bottom fish in meta and microsoft. i would say microsoft, bottom fish at 400. amazon 160, apple you don't have to bottom fish it's doing well. leave out nvidia because it's too emotional. own it and don't trade it. it's very emotional. you have to let the people out of the stock before you come in. >> interesting piece on the tape regarding nike and their marpgtsing spend ratcheting up year after year as they try to resuscitate, the story talks about moving savings from structuring into marketing. >> i think that they have very good product and they don't seem to be in sync. i mean this is the olympics. you used to buy nike ahead of the olympics. mark zuckerberg talks about giving a check to us and having great results. i think nike should take its market spend and give it to mark zuckerberg. listen, here it is. >> run both. >> just go and throw in some ads for raybans which i told you were sold out
this is lululemon shooting themselves in the foot.r age, are just not doing those. >> that's interesting. >> if you want to bottom fish, bottom fish in meta and microsoft. i would say microsoft, bottom fish at 400. amazon 160, apple you don't have to bottom fish it's doing well. leave out nvidia because it's too emotional. own it and don't trade it. it's very emotional. you have to let the people out of the stock before you come in. >> interesting piece on the tape regarding...
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Aug 14, 2024
08/24
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to me, a very similar story to lululemon, the once absolutely behemoth, did everything right for years, and then lost their way and found themselves in real competition here with on and hoka. still like it. >>> let's turn to the straw that may have broken google's back. shares of alphabet sinking 4% today after news that the justice department is considering forcing a breakup of the tech giant. it's not the first time the company has found itself in the cross hairs of the u.s. government, but usually the stock seems to shrug off the threat. so, why not this time around? let's get more details from eamon javers. >> hey, melissa. there have been a number of media reports that a breakup of the company could be on the table, and that is literally true, because at this stage of the process by definition, all options are in play. but the real question is whether the department of justice is willing to go that far in its request to the quart, and whether the judge in this case on it thinks that's the best solution. the justice department was asked about this issue of a remedy on "squawk box"
to me, a very similar story to lululemon, the once absolutely behemoth, did everything right for years, and then lost their way and found themselves in real competition here with on and hoka. still like it. >>> let's turn to the straw that may have broken google's back. shares of alphabet sinking 4% today after news that the justice department is considering forcing a breakup of the tech giant. it's not the first time the company has found itself in the cross hairs of the u.s....
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Aug 15, 2024
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i want to come to lululemon.ine in terms of the price it has, there's a lot of competitors and has a big short position and that is up 5% today. so what's happening is i think the shorts got put on after the yen carry trade and those people made a lot of ill-advised decisions. >> we didn't even mention tapestry, dillards was sort of the outlier to the downside. >> tapestry, i was surprised. that was just plain out better and, you know, it happens. didn't think it would happen. >> jim, we'll see you tonight. >> yeah. exciting time. it really is exciting. david, you're a little excited. >> i'm very excited. >> i know you can't tell but on the inside. >> excited on the inside. >> wow. >> "mad money" 6:00 p.m. eastern. dow is up 400. don't go anywhere. ♪ >>> good thursday morning. welcome to another hour of "squawk on the street." i'm carl quintanilla with david faber and contessa brewer with us at post nine of the new york stock exchange. sara eisen has the morning off. the s&p's best seven-day run of the year conti
i want to come to lululemon.ine in terms of the price it has, there's a lot of competitors and has a big short position and that is up 5% today. so what's happening is i think the shorts got put on after the yen carry trade and those people made a lot of ill-advised decisions. >> we didn't even mention tapestry, dillards was sort of the outlier to the downside. >> tapestry, i was surprised. that was just plain out better and, you know, it happens. didn't think it would happen....
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Aug 20, 2024
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certainly a similar one the last time we visited a few months back, you seemed pretty resolute that lululemon was going to be able to fix whatever issues were there, and maybe it was because of international, you weren't too -- i don't know, concerned about the vioris of the world and other names. now i almost sense a little bit of doubt. a little bit of doubt that they're going to get this right. >> it's a good call out because one of the changes, and as i have said, one of the key drivers in this space is innovation and differentiation. and that has been a bit of a mishap more recently. they have delayed some of their innovation on the key women's side that was a driver of the inflection, and the growth reacceleration in north america. we actually flagged that about a month back. took the stock off of our best ideas, and cut our growth for the back half of the year in north america. so as i said, its execution, i think even greater than competition, that would be the potential hang up for lulu, and right now, that's exactly where we stand. so our model, zero acceleration in growth in north
certainly a similar one the last time we visited a few months back, you seemed pretty resolute that lululemon was going to be able to fix whatever issues were there, and maybe it was because of international, you weren't too -- i don't know, concerned about the vioris of the world and other names. now i almost sense a little bit of doubt. a little bit of doubt that they're going to get this right. >> it's a good call out because one of the changes, and as i have said, one of the key...
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Aug 13, 2024
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>> yeah, lululemon. this is an interesting one. obviously nike, walk in, i don't like that. that was up 5% today. kept on going here. a huge gap from its earnings. l lulu is down, we know there was missed execution. i look at this thing, maybe the sentiment is bad enough, maybe the chart's bad enough. maybe the valuation is good enough, if you can see a path towards at least stable forward results. they report, i think, on august 30th here, so, to me, this is one that looks really interesting for a whole host of reasons, the balance sheet is in good shape. maybe it just needs a little bit of a change. find some great marketing person who has executed on consumer discretionary and you probably get a nice pop in the stock. >> tim, your choice? >> ah -- you know, at first i wanted it to be lyft, but i got back to snap. and snap, when you think about that user base and that engagement, we're talking about 425, 430 million active users, you've got an engaged user base. you have a lack of monetization. this is the story. it's gone on forever. and it seems like this management team
>> yeah, lululemon. this is an interesting one. obviously nike, walk in, i don't like that. that was up 5% today. kept on going here. a huge gap from its earnings. l lulu is down, we know there was missed execution. i look at this thing, maybe the sentiment is bad enough, maybe the chart's bad enough. maybe the valuation is good enough, if you can see a path towards at least stable forward results. they report, i think, on august 30th here, so, to me, this is one that looks really...
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Aug 28, 2024
08/24
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nike, lululemon. there's the s&p 500 winners, why not?se if energy. the nasdaq winners, please, can i see them? waiting for it. any day. there you go. don't have time. still ahead -- [laughter] republicans are tightening up voter regulations in several states. the election is 48 days away, that's it. jason chaffetz is here. lieutenant general keith kellogg will discuss zelenskyy's plan to end the war with russia. j.k. vance says government -- j.d. vance says big tech censors are too too powerful: and jon levine will discuss kamala's latest flip-flop. more "varney" after this. .. rsv can severely affect the lungs and lower airways. but i'm protected with arexvy. arexvy is a vaccine used to prevent lower respiratory disease from rsv in people 60 years and older. rsv can be serious for those over 60, including those with asthma, diabetes, copd and certain other conditions. but i'm protected. arexvy is proven to be over 82% effective in preventing lower respiratory disease from rsv and over 94% effective in those with these health conditions.
nike, lululemon. there's the s&p 500 winners, why not?se if energy. the nasdaq winners, please, can i see them? waiting for it. any day. there you go. don't have time. still ahead -- [laughter] republicans are tightening up voter regulations in several states. the election is 48 days away, that's it. jason chaffetz is here. lieutenant general keith kellogg will discuss zelenskyy's plan to end the war with russia. j.k. vance says government -- j.d. vance says big tech censors are too too...
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Aug 30, 2024
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lululemon. they've been under a great deal of pressure recently.uidance. i guess that's why the stock -- but it's only down a frank. lauren: and it had been higher because the bad numbers are baked in. the stock's been cut in half this year. the problem is they got boring, you know? women go into store, men too, but they see leggings in the same old colors, no new patterns, nothing to get excited about, and management acknowledged that. then they came out with a new legging, it's called the breeze-through, they already pulled it from the market. it got really bad reviews, so they took fit out of the store. same-store sales do did rise in the quarter, but they expect them to fall for the year. not good. stuart: next case. ulta. i know they are a cosmetics company, down 5%. lauren: warren buffett took a $260 million plus stake. management expects sales to fall this year. the ceo says shoppers are waiting to replenish their makeup or product when they absolutely have to at refill time. not for variety, buzz they -- because they need to. and they're al
lululemon. they've been under a great deal of pressure recently.uidance. i guess that's why the stock -- but it's only down a frank. lauren: and it had been higher because the bad numbers are baked in. the stock's been cut in half this year. the problem is they got boring, you know? women go into store, men too, but they see leggings in the same old colors, no new patterns, nothing to get excited about, and management acknowledged that. then they came out with a new legging, it's called the...
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Aug 30, 2024
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shares in lululemon under pressure. apparently they have leggings called breeze through that are not selling very well. not flattering fit say customers intel. remember this company got billions to build new factories through the chips act. and then it laid off a lot of employees, lawyers and lawmakers rather. and probably some lawyers in washington have big questions about that. intel also thinking about separating itself into two companies, one that makes intel chips, one that makes chips for other companies. according to original reporting from bloomberg, intel stocks down about 60% so far this year. both apple and nvidia are considering investments in chatgpt maker openai, according to the wall street journal. apple badly behind in ai. nvidia making huge amounts of money for chips for ai. so both investments make sense. we'll get fresh inflation data today. the pce that's the report the fed likes to look at should be lower. the fed meets to discuss lowering interest rates next month. donald trump said on social medi
shares in lululemon under pressure. apparently they have leggings called breeze through that are not selling very well. not flattering fit say customers intel. remember this company got billions to build new factories through the chips act. and then it laid off a lot of employees, lawyers and lawmakers rather. and probably some lawyers in washington have big questions about that. intel also thinking about separating itself into two companies, one that makes intel chips, one that makes chips for...
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cold water thrown on consumer names, estÉe lauder is on a seven-year low you can put these other ones lululemonis hitting at least a one-year low these are problematic. across the board. >> without a doubt the soft landing has hardened up a lot in the last couple of days really because of the jobs report the uptick in unemployment and greater than expected decrease in wages and the disappointing job numbers. to me maybe i have this all wrong but at one point it does not make a trend and this is overall a consumer doing reasonably well, that messiness and some of the consumer driven names i think it's overdone the rotation out of a.i. that could be a little bit or durable over the long-term. liz: if you're buying what are you buying today. >> the top of the list when you said the guys doing the best today a bunch of those are dividend aristocrats mobile the s&p 500 aristocrats they are holding up 1% in the eight or 9% downdraft in the s&p 500. if you're looking for companies that are going to show up with fundamentals why not look at the ones that are telling you that the confident and that's wh
cold water thrown on consumer names, estÉe lauder is on a seven-year low you can put these other ones lululemonis hitting at least a one-year low these are problematic. across the board. >> without a doubt the soft landing has hardened up a lot in the last couple of days really because of the jobs report the uptick in unemployment and greater than expected decrease in wages and the disappointing job numbers. to me maybe i have this all wrong but at one point it does not make a trend and...
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Aug 29, 2024
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so i rawls recommend the core four stocks in my portfolio to my customers, nike, lululemon, restorationnk those are more high-end names, but they're supremely managed to weather consumer confidence issues, pandemic issues. so when in doubt, invest in a company that really has strong management and weather the storm. cheryl: yeah. e mentioned that consumer confidence issue. so we've got some surveys that say that consumer confidence is rising. and then you've got forecasts coming, you know, especially that housing data that we got today which was rough. we're going to talk about that with my next guest, but how do you explain the different pieces of information that we're getting of investors? it seems like you get one story and hen you get the opposite. >> right. it's so muddled. and it really is hard to the follow all the noise. we really have to kind of pick your stocks widely, and you -- wisely, and you can't just follow one area of the consumer. obviously, i love walmart here. something that was interesting in their earnings that came out is their biggest increase in cohort consumer
so i rawls recommend the core four stocks in my portfolio to my customers, nike, lululemon, restorationnk those are more high-end names, but they're supremely managed to weather consumer confidence issues, pandemic issues. so when in doubt, invest in a company that really has strong management and weather the storm. cheryl: yeah. e mentioned that consumer confidence issue. so we've got some surveys that say that consumer confidence is rising. and then you've got forecasts coming, you know,...
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Aug 15, 2024
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lululemon's stock. i'm looking at it, up 6.6% on pace for the largest percent increase in 2023 and those yoga pants are not cheap. thank you very much for being here. >> thank you. liz: the dow, s&p, and nasdaq having the best week of 2024. markets are closing higher with the dow surging 534 points right now to 40,542. [closing bell rings] s&p up 82, 1 1/2% and the nasdaq 2.25%. let's not ignore the small and mid-caps up 2 1/2%. transports up 2%. that will do it for "the claman countdown." "kudlow" is next. larry: welcome to kudlow, i'm larry kudlow. president trump gave a tour de force speech on the economy yesterday in north carolina dismantling the biden-harris affordability crisis. more on that in just a moment with senator tommy tuberville but first up our very own edward lawrence at the white house with another joe biden sighting. edward, congratulations! >> reporter: we saw him in maryland, not far from here at an event are first event with vice president kamala harris since president biden stepp
lululemon's stock. i'm looking at it, up 6.6% on pace for the largest percent increase in 2023 and those yoga pants are not cheap. thank you very much for being here. >> thank you. liz: the dow, s&p, and nasdaq having the best week of 2024. markets are closing higher with the dow surging 534 points right now to 40,542. [closing bell rings] s&p up 82, 1 1/2% and the nasdaq 2.25%. let's not ignore the small and mid-caps up 2 1/2%. transports up 2%. that will do it for "the...
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Aug 29, 2024
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. >> tonight we had numbers from lululemon. they weren't that bad.n your call that you're gaining confidence in the turn at athleta. i go to your stores athleta and they're not -- i just can't imagine you actually like the way they look now. but you have a vision of what could happen. tell me some of it. >> well, look, we are very transparent in recognizing we have work to do across our fleet. in our store experiences. but to your point, i really am gaining confidence in athleta. our team has been working so hard to reset this brand and set this brand up for sustainable growth. net sales for the quarter were down 1%, but we are also lapping very heavy discounting from last year. and underneath the hood there's really good progress being made. we successfully are broadening our customer base. we're seeing better sell-throughs at full price. our new marketing is gaining traction. our fashion product is resonating. so we're really starting to feel like the turn is upon us. and confidently i can tell you we now expect to see positive comps for the remain
. >> tonight we had numbers from lululemon. they weren't that bad.n your call that you're gaining confidence in the turn at athleta. i go to your stores athleta and they're not -- i just can't imagine you actually like the way they look now. but you have a vision of what could happen. tell me some of it. >> well, look, we are very transparent in recognizing we have work to do across our fleet. in our store experiences. but to your point, i really am gaining confidence in athleta....
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months later say high quality did great, and i show you 20 performers, isn't nike a high quality name, lululemon aren't doing great. you have a criteria identifying quality. i love it. zoom in on u.s. growth and opportunities. companies must demonstrate competitive advantages. is that the same as having a moat? >> very much so. charles: value proposition to consumers. does this suggestion pricing power? >> it does suggest pricing power but something like the consumer needs it, wants it, willing to pay for it. charles: resilient and predictable business model? >> really important and, again, you're going to see things that work, when the consumer has extra money in their pocket. charles: right. >> but you're looking for business models that can stay stable in changing economy. charles: this is my favorite, skilled management team. when i want to own a company long term, i go back to read the story of the founders. a lot of times ethos of those folks live in of the company long after they're gone. how do you manage the skill of an investment team? >> we speak a long time going to the companies we
months later say high quality did great, and i show you 20 performers, isn't nike a high quality name, lululemon aren't doing great. you have a criteria identifying quality. i love it. zoom in on u.s. growth and opportunities. companies must demonstrate competitive advantages. is that the same as having a moat? >> very much so. charles: value proposition to consumers. does this suggestion pricing power? >> it does suggest pricing power but something like the consumer needs it, wants...
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Aug 15, 2024
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lululemon's stock. in 2023 and those yoga pants are not cheap. thank you very much for being here. >> thank you. liz: the dow, s&p, and nasdaq having the best week of 2024. markets are closing higher with the dow surging 534 points right now to 40,542. [closing bell rings] s&p up 82, 1 1/2% and the nasdaq 2.25%. let's not ignore the small and mid-caps up 2 1/2%. transports up 2%. that will do it for "the claman countdown." "kudlow" is next. larry: welcome to kudlow, i'm larry kudlow. president trumve
lululemon's stock. in 2023 and those yoga pants are not cheap. thank you very much for being here. >> thank you. liz: the dow, s&p, and nasdaq having the best week of 2024. markets are closing higher with the dow surging 534 points right now to 40,542. [closing bell rings] s&p up 82, 1 1/2% and the nasdaq 2.25%. let's not ignore the small and mid-caps up 2 1/2%. transports up 2%. that will do it for "the claman countdown." "kudlow" is next. larry: welcome to...
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Aug 30, 2024
08/24
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shares in lululemon under pressure. apparently they have leggings called breeze through. they're not selling very well. not a flattering fit say customers intel. remember that company got billions from the chip act to build new factories and then laid off a whole bunch of employees. lawmakers in washington have big questions about that. intel also thinking about separating itself into two companies, one that makes intel chips and one that makes chips for other companies. this, according to original reporting from bloomberg, intel stock is down about 60% so far this year. both apple and nvidia, considering investments in chatgpt maker openai, according to the wall street journal. apple badly behind an ai nvidia making huge amounts of money making chips for ai. so both investments make sense. we'll get fresh inflation data today. that's pce. the report that the fed prefers to look at the fed meets to discuss lowering interest rates next month. donald trump said on social media he would announce new cryptocurrency policies on thursday. he did not. trump spoke at two rallies,
shares in lululemon under pressure. apparently they have leggings called breeze through. they're not selling very well. not a flattering fit say customers intel. remember that company got billions from the chip act to build new factories and then laid off a whole bunch of employees. lawmakers in washington have big questions about that. intel also thinking about separating itself into two companies, one that makes intel chips and one that makes chips for other companies. this, according to...
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>> but, neil, on the high end lululemon's stock has crashed, lvmh stock is way, way down, so i'm not big believer in listening to the biggies. when walmart and amazon who between 'em both do about $1.2 trillion in sales, a little bit more than that, says there's something up with the consumer, you'd better beware that there is something up with the consumer. and when you see $5 meals and some doing $4 meals, when you see -- i'm getting e-mails from all kinds of big department stores with 25 and 50% off. they're not doing that because they're nice. their doing that because they have to. they're doing that because if they have to. the consumer's 70% of the economy. i hear some people saying, don't worry, the economy's fine. well, if we lose the consumer, i'm not so sure. and for the last year, i've been telling you watch the job market. that's softening a little bit too. i think we've fallen off the ledge a little bit. i don't think a disaster, but if it worsens, trouble will lie ahead, and the big r-word will show up. neil: what about real estate? you're in the mecca of all of that. h
>> but, neil, on the high end lululemon's stock has crashed, lvmh stock is way, way down, so i'm not big believer in listening to the biggies. when walmart and amazon who between 'em both do about $1.2 trillion in sales, a little bit more than that, says there's something up with the consumer, you'd better beware that there is something up with the consumer. and when you see $5 meals and some doing $4 meals, when you see -- i'm getting e-mails from all kinds of big department stores with...
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Aug 1, 2024
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. >> lululemon has pulled itortans latest pair of leggings after complaints that the athleisure padser compthat the quote . >> but i'm going to readi wi the question for gym. gym. can you think of anything worse than a long but a long button? a short? that is true. i had a i had a i've gotse a picture. i know a woman that she sent me a picture of her and knees and the picture wasn't appropriate. >> so i sent a limousine emojiog .ad oh, man. kennedy the long but legging ofc there no more.ed but they were priced at $98 to have a long but yeah, no. if you're spending $98 on a legi pair of leggings, that better come with a pair of hands that arenga betta holding up yob back cantaloupes because that is too much moneyec because you can buy the ones like the little sweetheart pants swn for like $12. yeah. they've got the same in the cinch that liknch thate complet. accentuates. >> whenever i see someone wearing those i'm like i kno w what you're doing again. >>doing. liz. >> these leggings, they had a v-shaped derriere that up the lower back creating an unflattering visual distortionwo of y
. >> lululemon has pulled itortans latest pair of leggings after complaints that the athleisure padser compthat the quote . >> but i'm going to readi wi the question for gym. gym. can you think of anything worse than a long but a long button? a short? that is true. i had a i had a i've gotse a picture. i know a woman that she sent me a picture of her and knees and the picture wasn't appropriate. >> so i sent a limousine emojiog .ad oh, man. kennedy the long but legging ofc...
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Aug 21, 2024
08/24
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but you see lululemon, dollar tree, costco, amazon, and we get urban tonight.s coming up next. ( ♪♪ ) because this game is for everyone. >>> let's get to jim and stop trading. >> williams sonoma reports tomorrow. a higher price point i think represents still good value. well curated by laura albert and the reason i say this, this is the kind of stock if you really think the consumer is hurting, give me a break. you can attract people with vaul and i think laura albert has given you what we think of with martha stewart, great product at a not high price point. so if they deliver, it's a sign of who's running the store, not the dollar amount. >> we tend to see optionality in specialty retail. >> lulu is up, it's been a pathetic performer, williams sonoma is good and up 40% of the year. i just think that laura is great. and my theory is brian cornell is great. the fellow at tjx is great. you have to look at who's at the helm. not so much -- >> i tell you, doug mcmillen, that's who. walmart is up 43%. exceeding a $600 market value and the walton family controls 46%
but you see lululemon, dollar tree, costco, amazon, and we get urban tonight.s coming up next. ( ♪♪ ) because this game is for everyone. >>> let's get to jim and stop trading. >> williams sonoma reports tomorrow. a higher price point i think represents still good value. well curated by laura albert and the reason i say this, this is the kind of stock if you really think the consumer is hurting, give me a break. you can attract people with vaul and i think laura albert has...
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Aug 8, 2024
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are we all going to start buying lululemon? is krispy kreme going to go bankrupt? lilly up 12.5%. jobless claims right around the corner. mike mckee has dropped by to get you up to speed. walk us through what we need to look for. michael: what is obviously the level of initial jobless claims and whether it goes up or down. it would be no surprise if it went up because seasonal factors push up jobless claims at this time of year. this may be the last week in which that happens. we also want to look at the nonseasonally adjusted claims because those would have to rise if we get a lot of layoffs. it may be a seasonal adjustment problem, it may be an economy and labor market weakening problem. we also want to see what the jobless claim numbers are from states like texas to see if the hurricanes are starting to wash out of the claims numbers. dani: is that enough to wash out all of the noise or should we approach this tepidly to say it will have seasonality oddities and do not read too much into it? michael: you are right. that is way we should approach it but will wall
are we all going to start buying lululemon? is krispy kreme going to go bankrupt? lilly up 12.5%. jobless claims right around the corner. mike mckee has dropped by to get you up to speed. walk us through what we need to look for. michael: what is obviously the level of initial jobless claims and whether it goes up or down. it would be no surprise if it went up because seasonal factors push up jobless claims at this time of year. this may be the last week in which that happens. we also want to...
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Aug 22, 2024
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mark parker serves on the succession committee along with mary barra and lululemon calvin mcdonald.t is weird to see this out in the open. you don't normally talk succession openly or rarely talk who is on the succession committee. having said all that, james gorman had one of the great successions himself at morgan stanley. his succession. we will see, of course, whether his successor at morgan stanley, who he handed it off to, is successful. by all accounts, it seems to be a success. >> boardroom, i was face nscina by the level of disney stock versus netflix in the last couple days. we can look at a three-year chart. >> yup. >> i don't know if you remember -- i don't know if you remember, at 180 when netflix fell, i'm telling you, if we -- we're not allowed to buy stocks. if i can, i would leverage everything i own to buy netflix. >> you used to be a naysayer of netflix. >> i'm slow to make the move. >> when you make it, you make it. >> i still have trouble navigating good things to find on netflix. i understand that's the future and linear tv, you will not wait around for 8:00 to
mark parker serves on the succession committee along with mary barra and lululemon calvin mcdonald.t is weird to see this out in the open. you don't normally talk succession openly or rarely talk who is on the succession committee. having said all that, james gorman had one of the great successions himself at morgan stanley. his succession. we will see, of course, whether his successor at morgan stanley, who he handed it off to, is successful. by all accounts, it seems to be a success. >>...
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Aug 15, 2024
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>> there are, you know, kind of the typical retailers that have been trending pretty well like lululemons going to be pretty challenged. there is going to be heavy promotional activity and i think that retailers are definitely going to be challenged to comp their numbers from 2023. >> sucharita, i want to thank you for joining us. good news for walmart, maybe bad news for the rest of the economy. that seems to be the message of the morning. i don't know if you think that's right or wrong, guys. >> i think the data proved that that's wrong. even though walmart's doing well, it can be the good kind of doing well and not the bad kind. >> we can hope. >> the market is -- i thought it was going to be hard for the retail sales number to surprise to the downside because we were clinched up for something pretty rough but it's pleasantly surprised. >> it was a strong number. core is strong too, and dow is up 388 points now. >> kelly evans, mike santoli, thanks for hanging out this morning. "squawk on the street" begins right now. ♪ >>> good thursday morning, welcome to "squawk on the street." i'm
>> there are, you know, kind of the typical retailers that have been trending pretty well like lululemons going to be pretty challenged. there is going to be heavy promotional activity and i think that retailers are definitely going to be challenged to comp their numbers from 2023. >> sucharita, i want to thank you for joining us. good news for walmart, maybe bad news for the rest of the economy. that seems to be the message of the morning. i don't know if you think that's right or...
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Aug 2, 2024
08/24
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this takes place at lululemon. annmarie: why are you behind the camera and i'm the thief?i was going to do the hard work. you probably don't want to get involved in this. i'm not sure management wants us to do it either. up next, the data. >> i'm not worried about the labor market. that said, the on and plummet rate has moved higher. this is typically the tough part to really navigate, getting the under plummet rate to move slowly up and not just shoot higher in an asymmetric way. jonathan: that conversation just around the corner. the jobs report 45 and it's awake. from new york, this is bloomberg. ♪ ♪ [suspenseful music] trains. [whoosh] ♪ trains that use the power of dell ai and intel. clearing the way, [rumble] [whoosh] so you arrive exactly where you belong. jonathan: counting you down to the jobs report. 43 minutes away. the headline number, the expectation about 175. let's talk about the price action. equity futures negative. the bond rally continues. yields lower by three or four basis points. under surveillance this morning the data in the driving seat. >> i'm not
this takes place at lululemon. annmarie: why are you behind the camera and i'm the thief?i was going to do the hard work. you probably don't want to get involved in this. i'm not sure management wants us to do it either. up next, the data. >> i'm not worried about the labor market. that said, the on and plummet rate has moved higher. this is typically the tough part to really navigate, getting the under plummet rate to move slowly up and not just shoot higher in an asymmetric way....
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Aug 26, 2024
08/24
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a weaker second half expected due to increased competition, and lisa has given up shopping at lululemonan: i'm an unofficial brand ambassador. lisa: it's fantastic. this is going to turn bad so let's move on. [laughter] jonathan: the stock is up by 1.5%. we are moving on. baird raising its price. the retailer reports on wednesday. we are seeing several potential headwinds. the stock is up 2.5%. -- keeping a hold rating. nike's back athletic footwear survey suggests competitive pressures in the u.s. market. lisa: they missed out. i'm sorry. this has been the issue for nike and adidas, where they are talking about how do they compete with the ocs of the world. they have lost some of the cloud in the running world, the athletic world. they are trying to renew their cool at a time where they have all of these upstart companies targeting air jordan's that were popular five years ago. jonathan: have we talk about it before? i think it's the first time. lisa: it's really high quality. i like the style. jonathan: when this wraps up, we will continue this. good stuff. turning to tech, all eyes o
a weaker second half expected due to increased competition, and lisa has given up shopping at lululemonan: i'm an unofficial brand ambassador. lisa: it's fantastic. this is going to turn bad so let's move on. [laughter] jonathan: the stock is up by 1.5%. we are moving on. baird raising its price. the retailer reports on wednesday. we are seeing several potential headwinds. the stock is up 2.5%. -- keeping a hold rating. nike's back athletic footwear survey suggests competitive pressures in the...