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Lululemon's Tariff Refund Masks Underlying Margin Decline
Lululemon shares fell 17.4% after a tariff refund masked a 360-basis-point gross margin drop. Q3 guidance trails estimates, pressuring the new CEO.
Intellia's $400M Credit Deal: Modest Initial Draw, Dilution Risk Lingers
Intellia's $400M credit facility starts with just $75M, leaving future tranches conditional. The stock barely moved, as dilution risk persists with an ATM program still active.
PG&E Rebounds 2.4% as $2B Capex Cut Balances Debt Relief with Growth Concerns
PG&E shares gained 2.4% to $14.30 after cutting its 2027 capex by $2 billion, easing debt needs but raising growth concerns. The stock still sits 20% below late August levels.
Crude Settles at $91.48 as OPEC+ Meeting Looms; Physical Flows Key
WTI settled at $91.48, up 9.7% on the week, ahead of OPEC+ meeting. Quota headlines may matter less than physical exports as shipping constraints persist.
PayPal Slides 3.3% as India Job Cuts Spotlight $400M Savings Drive
PayPal shares dropped 3.3% after confirming 220 India job cuts, part of a $400M savings initiative. The stock closed at $54.96, 9.2% below the abandoned takeover bid.
USA Rare Earth Stock Reverses Gains After Serra Verde Deal Dilution
USA Rare Earth (USAR) shares reversed a 9% gain after closing its Serra Verde deal, issuing 126.85 million shares. The pro forma dilution and production targets weigh on sentiment.
Sydney Property Market: Indexes Clash on August Price Drop
Sydney home prices are falling, but two major indexes disagree on the pace: PropTrack says 0.3% monthly drop, while Cotality reports 1.4%.
BorgWarner Reaffirms AI Power Push: $300M Target, 2 GW Capacity
BorgWarner reaffirmed its AI data-center power target, expecting $300M in first-year sales and 2 GW capacity by 2027. The stock rose 2.8% on Friday.
Aehr Test Systems Surges 13% on Heavy Volume, Valuation Still Lofty
Aehr Test Systems shares surged 13.1% on Friday to $86.26, but the stock remains 40.8% below its August peak. The $2.81 billion valuation is 18.8-21.6 times fiscal 2027 revenue guidance, leaving little room for error.
Geely Cuts EX2 Price in Brazil as 35% EV Tariff Nears
Geely Auto (HKG:0175) launches a Brazilian direct-sales program with a 7% discount on its EX2 EV, as a 35% import tariff raises the stakes for local production. Shares have slipped 9% in a month despite strong export growth.
XTEND Debuts at $6.19, But $75M Earnout Looms Large
XTEND AI Robotics (NYSE:XTND) closed its first trading day at $6.19, but the real challenge lies in its merger agreement: a $64.42 million second-half revenue target to unlock the first earnout.
Solana Holds $102 as Payment Benchmark Tests Token Economics
Solana holds near $101.82 as a new payment benchmark shows off-chain capacity, raising questions about SOL value capture. Stablecoin and DeFi data add context.