Akzo Nobel Plunges, Inditex Up, B&M Cuts

Lululemon Drops, Docusign Falls, and Coinbase Sinks as Baird Names New Bearish Pick on Crypto Volumes

On this episode of Stock Movers: - Lululemon (LULU) shares fell to their lowest level in eight years after the company cut its annual forecast due to deteriorating performance in North America. The company now sees revenue in a range of $11 billion to $11.15 billion for the fiscal year, below the average of estimates compiled by Bloomberg. - Docusign (DOCU) shares fall after the company forecast revenue for the second quarter of $865 million to $869 million, near an estimate of $866 million. Analysts notes that its still a wait-and-see story as the company ramps Intelligent Agreement Management (IAM), its AI-powered platform for contracts. - Coinbase (COIN) shares drop after Baird names the crypto exchange a new bearish pick due to weak trading volumes. Analyst David Koning sees lower trading volumes and the US crypto market legislation likely not passing until after mid-term elections weighing on Coinbase’s valuation. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Lululemon Sinks, Chipotle Mexican Grill Rises, Cooper Gains on 2Q Profit Beat

On this episode of Stock Movers: -Lululemon (LULU) shares fell to their lowest level in eight years after the company cut its annual forecast due to deteriorating performance in North America. The company now sees revenue in a range of $11 billion to $11.15 billion for the fiscal year, below the average of estimates compiled by Bloomberg. -Chipotle Mexican Grill (CMG) shares rise after JPMorgan upgrades to overweight from neutral citing a “rare valuation opportunity” for the stock. Analyst John Ivankoe says “the stock’s multiple has now fully re-rated to reflect a more moderate - yet still well above average - growth profile” -Cooper (COO) shares gain after the contact-lens maker posted second quarter sales and adjusted profit that topped estimates. The company also gave updates about its ongoing strategic review that analysts found encouraging. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Lululemon and DocuSign Drop; Coinbase Follows Bitcoin Lower

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Lululemon (LULU) shares are lower after it lowered its annual forecast due to deteriorating performance in North America. - DocuSign (DOCU) shares are lower after reporting earnings. While it reported a rise in 1st quarter profit, the annual recurring revenue rate was unchanged and investors may be looking for a return to double digit growth. - Coinbase (COIN) shares are lower as Bitcoin slides below $62,000 this morning. Ether is also declining. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Lululemon Lowers Forecast; DocuSign Reports; Merlin Jumps

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Lululemon (LULU) shares are lower after it lowered its annual forecast due to deteriorating performance in North America. - DocuSign (DOCU) shares are lower after reporting earnings. - Merlin (MRLN) shares jumped after the aerospace and defense technology company announced the successful completion of the Critical Design Review for its C-130J autonomy program with the US Special Operations Command. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Evoke Surges, ASML Dips, Infineon Falls

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Bally’s Intralot has reached an agreement to buy Evoke, the companies announce in a statement. - Technology stocks including ASML are declining on concerns that the AI spending boom may come with growing margin pressure. - Infineon shares slide after being downgraded by analysts at MP Capital Markets because the recent strength in the semiconductor stock leaves “limited upside” on the table. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.