Weekly Syrup: Lululemon, a sportswear that did well. Its future is hard to tell?
Hey, mooers! ![]()
After its Q2 earnings result, $Lululemon Athletica (LULU.US)$ has lowered its yearly forecast, highlighting concerns about the declining "athleisure" trend. CEO Calvin McDonald acknowledged a slowdown in women's sales due to infrequent product updates and plans to expedite the release of new women's items like leggings and tracksuits to rejuvenate interest. This strategy aligns with broader industry efforts to attract customers through frequent product refreshes amid ongoing inflation concerns. Read more>>
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one).
1) The key to digesting ![]()
Doctors in India were surprised to find items such as keys, nail clippers, and a knife in the stomach of a young man in his early twenties. It's not hard to guess: He wanted to open a nail salon secretly. Construction is good. But getting customers in there might be a problem.
2) A museum where people can “wear off" ![]()
According to The Guardian, a beautiful coastal city in France, Marseille, is hosting a museum exhibition on nudity that allows visitors to view the displays while naked. I guess this is the real Karma. French people have made too many clothes. This is the payback.
3) Women often have stronger hearts ![]()
A new study suggests that testing three biomarkers in midlife can predict women's risk of major cardiovascular events like heart attacks and strokes earlier than current methods. And there are three more effective non-biomarkers as well: a broken pressed powder, a lazy husband and a discount that appears just after you bought your favorite clothes.
4) Nowhere to hide ![]()
"Fridgescaping," decorating the inside of a refrigerator as if it were any other room, goes viral recently. This trend has sparked mixed reactions on TikTok, with some admiring the charming setups, while others criticize the absurdity of arranging a space few will see. Few will truly appreciate the real purpose: to amaze a naked man who tries to get something to eat at 3 a.m.
Okay, let's dive back to the syrup:
The PDD drop
In August, $PDD Holdings (PDD.US)$ saw its shares drop about 22% to $95.55, mainly because its Q2 revenue did not meet expectations.
The company, which owns Temu, reported an 86% increase in revenue to $13.36 billion for the fiscal second quarter, missing the consensus estimate of $14.02 billion.
On a positive note, the company's adjusted earnings per ADS of $3.20 surpassed expectations.
Despite this, the company's leadership pointed out future challenges such as decelerating revenue growth and rising competition. Read more>>
Unstable market, stable incomes?
In today's volatile financial market, investors are seeking tools that offer stable returns and can buffer against market swings. With frequent interest rate changes and growing economic uncertainty, managing liquid funds for both safety and reasonable returns is crucial. We have come up with an article introducing the $Short-Treasury Bond Ishares (SHV.US)$, a fund focusing on short-term U.S. Treasury bonds, and discuss its benefits as a cash management tool and a risk-averse asset. Read more>>
Let's see what mooers are talking about recently
At this price point, I will add more TD stocks since it's cheap compared to RBC. I will also buy RBC because it's one of the best manged big banks in North America. If I were to allocate a small portion of my portfolio to invest in individual stocks today, I would put 65% to TD and 35% to RBC. No one can predict the future so it's better to own both if you think they are great companies. But with TD's track record, I have reasons to believe it will outperform again when the money laundering law suit finally gets resolved.
I have some concerns about the future of Faraday. Their product release progress is slow and always unable to proceed as planned. After many years, they haven't even been able to achieve break-even and continue to burn capital. The future of Faraday doesn't look good.
The expansion would certainly give BNS competitive edge against other major banks as well as access to a larger customer base and therefore higher deposits, loans etc. However they have to consider Regulatory difference, economic fluctuations. Id wait for a bit of a dip then buy.
What do you think of Lululemon, PDD and rate cut expectation? And what's your take on other hot issues in the past week? How can they earn you more money(we pray that for you)?
Share your stories, ideas, feelings and emojis in the comments below:
Event time: From now until September 8, 2024, at 24:00 ET time.
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102362254 : Lululemon is facing challenges due to slowing demand and increased competition. Expectations about rate cuts are mixed, but potential reductions could boost market sentiment. Other key issues include tech stock volatility and concerns about a global economic slowdown. I’m looking forward to the $Apple (AAPL.US)$ event on the 9th
Meme_Short_Queen : LULU is way over valued, with a recession in sight, they are gonna suffer hard. PDD is quite the opposite.
72624436 : Buy
Stoneheart : not to sure how i feel bout lulu but the sport wear trend has always been around and will always be around.
73279472 : hi
74618546 : hello
72435787 : Consumer demand also decreases with the downgrading of consumption.
john song : dont really follow thia compnay and dont own any shares amd dont plan too