Lululemon Shares Plunge 18.5% After Weak Q2 and Guidance Cut
Earnings James Calloway

Lululemon Shares Plunge 18.5% After Weak Q2 and Guidance Cut

Lululemon's shares cratered 18.5% after Q2 sales missed and the company cut its annual outlook by $650 million, as Americas demand slumped.

LULU
TSX Posts Best Day in a Month as Miners and Tech Surge
Markets Daniel Marsh

TSX Posts Best Day in a Month as Miners and Tech Surge

The S&P/TSX Composite jumped 1.5% on Thursday, its best session in a month, driven by mining, tech and financial shares as traders pared bets on a September Fed rate hike.

ABX TRI GLD SLV USO XLE XLF XLK
Alphabet Shares Rise on Gemini Price Freeze Amid Cloud Margin Focus
Earnings James Calloway

Alphabet Shares Rise on Gemini Price Freeze Amid Cloud Margin Focus

Alphabet shares climbed 1.7% after Google announced it would keep Gemini API prices steady, drawing attention to its 35.6% cloud margin. Investors are watching usage growth ahead of a planned 2027 price increase.

GOOGL
Strategy Shares Leap 17.6% as Bitcoin Rally Boosts Premium to 12%
Crypto Sarah Chen

Strategy Shares Leap 17.6% as Bitcoin Rally Boosts Premium to 12%

Strategy (MSTR) shares surged 17.6% as Bitcoin climbed above $82,000, lifting the stock to a 12% premium over net asset value. The rally follows a dovish Fed comment and renewed crypto momentum.

MSTR
Starbucks Snoopy Collection Launch Aims to Sustain Traffic Growth
Earnings James Calloway

Starbucks Snoopy Collection Launch Aims to Sustain Traffic Growth

Starbucks unveiled a 10-piece Snoopy collection, with a full set priced at $293.50, as it seeks to sustain a 4.5% rebound in customer traffic. Shares closed down 0.84%.

SBUX
Adobe Shares Slip After Hours Despite Analyst Price Target Hikes
Earnings James Calloway

Adobe Shares Slip After Hours Despite Analyst Price Target Hikes

Adobe closed up 2.1% but dropped in after-hours trading. Despite analyst target hikes, the consensus implies 8% downside before Q3 earnings.

ADBE
Zscaler's Rally Fades as Fed Rate-Cut Bets Cool; Nasdaq Gains 1.4%
Markets Daniel Marsh

Zscaler's Rally Fades as Fed Rate-Cut Bets Cool; Nasdaq Gains 1.4%

Zscaler's early 12% jump faded to a 2.9% gain, while the Nasdaq rose 1.4% as traders trimmed September rate-hike bets to 50.4%.

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Broadcom Stock Slips 2.7% as AI Optimism Meets Guidance Reality
Earnings James Calloway

Broadcom Stock Slips 2.7% as AI Optimism Meets Guidance Reality

Broadcom shares dropped 2.7% as its Q4 revenue outlook fell short of consensus, raising questions about its AI-driven valuation despite strong Q3 results.

AVGO NVDA MRVL
Circle Soars 16% Despite Rate Headwinds as USDC Growth Surges
Crypto Sarah Chen

Circle Soars 16% Despite Rate Headwinds as USDC Growth Surges

Circle (CRCL) surged 16.5% as USDC circulation growth outpaced a 66-basis-point yield drop, though reserve income gains were mostly offset. Q2 revenue rose 6.6%.

CRCL COIN HOOD SPY
Transocean Stock Slips 3.2% as Debt Burden Looms Over Contract Backlog
Markets Daniel Marsh

Transocean Stock Slips 3.2% as Debt Burden Looms Over Contract Backlog

Transocean (RIG) dropped 3.2% as investors weighed $4.3 billion in debt against a $6.7 billion contract backlog, despite higher oil prices.

RIG VAL NE BORR SPY USO EQNR
Zscaler's After-Hours Rally Fades as Margins Slip
Earnings James Calloway

Zscaler's After-Hours Rally Fades as Margins Slip

Zscaler's stock pared a 12% after-hours surge after reporting a sharp drop in free-cash-flow margin to 7%, despite a 25% revenue beat. Investors focused on rising capex and slower organic growth.

ZS
Verizon Shares Edge Up Despite Fresh Service Disruption Reports
Markets Daniel Marsh

Verizon Shares Edge Up Despite Fresh Service Disruption Reports

Verizon shares gained 0.9% on Thursday despite fresh outage reports, as investors focus on the company's recovery in subscriber additions.

VZ