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Lululemon’s delayed leadership helps explain its stock slide
1 month ago•Source: Yahoo Finance
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48.66 min•1 month ago
Septemberopens under a cloud of seasonality after August’s rally
September kicks off with historically weak seasonality for both US stocks and crypto after an August rally: the S&P 500 rose over 2% to record highs while Bitcoin and Ethereum surged about 25% and 32% respectively. Historically, September can bring declines for the S&P 500 and for crypto, though recent Septembers have shown momentum. With macro headwinds like inflation running above target and upcoming midterm risk, traders should expect renewed volatility as policy signals and earnings drive markets.
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"Dental Industry Struggles as Align Technology's Q3 Earnings Fall Short"
ServiceNow's stock rises in after-hours trading after reporting better-than-expected Q3 earnings and a positive outlook for the current quarter. Endeavor Group is exploring strategic options as its shares climb in extended trading. Align Technology's shares plummet after the company cuts its revenue forecast for the year and announces layoffs, citing a challenging macroeconomic environment.
Stocks React to Fed Commentary and Bond Yields, Making Moves After Hours
WD-40 stock rose 4% in after-hours trading after reporting strong fiscal third-quarter results, with net sales up 15% and net income up 30% year over year. The company's CEO expressed confidence in its ability to perform well in the long run. On the other hand, PriceSmart stock fell 5% in after-hours trading despite announcing a stock buyback program and reporting solid financial results, including a 6.4% increase in total revenue and a 65% increase in adjusted net income. Investors were looking for stronger evidence of a recovery from the warehouse retailer.