Consumer Discretionary

Truist Securities analyst Joseph Civello initiated coverage on Lululemon Athletica Inc. (NASDAQ: LULU) with a Buy rating and price target of $500. According to the analyst, Lululemon has some of the strongest brand loyalty in the activewear industry as its direct-to-consumer (...

Department store chain Macy's Inc (NYSE: M) shares are surging today after it reported third-quarter FY23 earnings. The company reported a third-quarter FY23 sales decline of 7% year-on-year to $4.86 billion, beating the analyst consensus estimate of $4.79 billion. Brick-and-...

Stride Inc (NYSE: LRN) disclosed its long-term strategy ahead of investor day yesterday. The company expects FY28 revenue of $2.7 billion-$3.3 billion, adjusted operating income of $415 million-$585 million, and EPS of $6.15-$8.35. James Rhyu, Stride CEO said, "We also see a clear...

Macy's Inc (NYSE: M) has expanded Disney products from the Walt Disney Company (NYSE: DIS) across all categories during the Holiday season. To celebrate Disney's 100th anniversary, Macy's launched a collection of products for all ages, including toys, jewelry and...

Private equity firm F9 Investments, LLC has proposed to acquire all the issued and outstanding shares of common stock of LL Flooring Holdings Inc (NYSE: LL) for $3.00 per share. F9 Investments, together with its affiliates, collectively owns approximately 8.8% of LL...

Krispy Kreme Inc (NASDAQ: DNUT) shares are trading lower after the company delivered third-quarter FY23 earnings. DNUT reported third-quarter FY23 sales growth of 7.9% year-on-year to $407.37 million, missing the analyst consensus estimate of $413.93 million. Organic revenue growth of 9.6...

Alistair Macrow, the head of McDonald's Corp (NYSE: MCD) in the United Kingdom and Ireland, is reportedly set to face a parliamentary inquiry. This summons comes in the wake of serious accusations, including sexual misconduct, discriminatory practices, and harassment within the...

Click here to learn more about the Knightscope Public Safety Infrastructure Bond. While the world overall has become more peaceful in the past century, the aftermath of the pandemic has seen an increase in violence in certain areas of the country and internationally. For example, California has...

LL Flooring Holdings, Inc (NYSE: LL) reported a third-quarter FY23 sales decline of 19.7% year-on-year to $215.85 million, beating the consensus of $212.80 million. Sales decline was attributed to a decrease in transaction count, reflecting lower spending by consumers and Pros. Total...

RBC Capital Markets analyst Steven Shemesh initiated coverage on Lowe's Companies, Inc. (NYSE: LOW) with a Sector Perform rating and a price target of $194. The analyst says while Lowe's under-penetration in its Pro business presents a share gain/margin opportunity in...

Athletic footwear maker Nike Inc (NYSE: NKE) has reportedly launched legal challenges against two of its industry competitors, New Balance and Skechers U.S.A., Inc (NYSE: SKX), alleging that they have encroached upon patented sneaker technology. New Balance and...

Morgan Stanley analyst Jamie Rollo conducted an online survey of 135 corporate travel managers responsible for about $8 billion in travel spend with a global spread of operations, and shared the findings. The survey, which is Morgan Stanley’s 21st annual Global Hotel Corporate Travel...

Marriott International Inc (NASDAQ: MAR) reported Q3 FY23 sales growth of 12% Y/Y to $5.93 billion, beating the analyst consensus of $5.89 billion. Comparable systemwide constant dollar RevPAR increased 8.8% Y/Y worldwide, 4.3% Y/Y in the U.S. & Canada, and 21.8% Y/Y in...

(Thursday market open) The World Series is over, but Wall Street remains in the thick of this week’s triple play of a Fed meeting, Apple (NASDAQ: AAPL) earnings and Friday’s October jobs report. So far, stocks are building up a lead as worries lessen about future...

Judging by the most recent JOLTS report, there’s obviously still demand for the worker. Economists say there’s been a consistent demand to fill vacant positions, and it’s still questionable whether there are enough workers to fill the open jobs. Yet the surprise bump in nonfarm...