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MU, LULU Rally & FL Gets Price Slashed

MU, LULU Rally & FL Gets Price Slashed

FromSchwab Network


MU, LULU Rally & FL Gets Price Slashed

FromSchwab Network

ratings:
Length:
4 minutes
Released:
Mar 29, 2023
Format:
Podcast episode

Description

The Dow Jones, Russell 2000, S&P 500, and Nasdaq-100 ended higher. All eleven S&P 500 sectors closed in the green with real estate and info tech up by the most. Micron technology (MU) shares rallied after releasing its latest quarterly results. Ahead of Lululemon's (LULU) most recent quarterly earnings report, investors had three main concerns: inventory levels, gross margin, and fiscal year guidance. All three surprised to the upside, proving that LULU's clientele kept purchasing. UBS took out the scissors today and slashed its price target for Foot Locker (FL) to $30 from $36. Tomorrow, look out for the final read of the fourth quarter GDP and jobless claims, as well as EIA Natural Gas Inventory. Tune in to find out more about the stock market today.
Released:
Mar 29, 2023
Format:
Podcast episode

Titles in the series (100)

A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.