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NEW YORK, Jan 30 (Reuters) - Nike Inc (NKE.N) sued Lululemon Athletica Inc (LULU.O) on Monday, saying that at least four of the Canadian athletic apparel company's footwear products infringe its patents. Nike in a complaint filed in Manhattan federal court said it has suffered economic harm and irreparable injury from Lululemon's sale of its Blissfeel, Chargefeel Low, Chargefeel Mid and Strongfeel footwear. Nike said its three patents at issue concern textile and other elements, including one addressing how the footwear will perform when force is applied. Lululemon, based in Vancouver, British Columbia, did not immediately respond to requests for comment. Reporting by Jonathan Stempel in New York; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Nordstrom cuts annual profit outlook on heavy discounts, weak holiday sales
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

Jan 19 (Reuters) - Nordstrom Inc (JWN.N) on Thursday slashed its forecast for annual profit following weak sales during the all-important holiday period, as the department store chain took a blow from heavy discounts and promotions to clear out excess inventories. Nordstrom said it offered more markdowns than planned, while holiday sales came in weaker than pre-pandemic levels. Nordstrom said it now expects adjusted earnings per share of $1.50 to $1.70 for fiscal 2022, compared with its prior outlook of $2.30 to $2.60. Net sales declined 3.5% for the nine-week holiday period ended Dec. 31. Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ December Retail Sales Report to Show How Consumers Weathered Holiday Season
▼ + stars: | 2023-01-18 | by ( Harriet Torry | ) www.wsj.com time to read: 1 min

A report on December U.S. retail sales will show consumers’ appetite for spending on gifts, dining out and big-ticket purchases during the final month of the holiday season. High inflation and rising borrowing costs caused some households to pull back late last year, and retailers said the recently completed holiday shopping season turned out to be weaker than expected. Macy’s Inc. warned of softer sales, and Lululemon Athletica Inc. said its profit margins were squeezed as shoppers bought more items on sale. Broadly, discounting became more commonplace.

☆ Lululemon Shares Tumble on Profit Warning for Holiday Quarter
▼ + stars: | 2023-01-10 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Big holiday crowds didn’t translate into the big profit that Wall Street was expecting out of Lululemon Athletica Inc. The yoga-pants maker’s shares tumbled more than 9% Monday after the company warned that its profit margins would decline in the quarter ending Jan. 29 and set earnings targets below what Wall Street had expected from the brand.

☆ S&P 500 near flat as investors weigh chances of less aggressive rate hikes
▼ + stars: | 2023-01-09 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The Dow ended lower, and the Nasdaq Composite (.IXIC) ended well off the day's highs. A consumer prices report due Thursday could be key for rate expectations, said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina. Also, S&P 500 companies are about to kick off the fourth-quarter earnings period, with results from top U.S. banks expected later this week. The Dow Jones Industrial Average (.DJI) fell 112.96 points, or 0.34%, to 33,517.65, the S&P 500 (.SPX) lost 2.99 points, or 0.08%, to 3,892.09 and the Nasdaq Composite (.IXIC) added 66.36 points, or 0.63%, to 10,635.65. The S&P 500 posted 13 new 52-week highs and two new lows; the Nasdaq Composite recorded 129 new highs and 32 new lows.

☆ S&P 500, Nasdaq rise as investors bet on less aggressive rate hikes
▼ + stars: | 2023-01-09 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

SummarySummary Companies Tech shares lead S&P 500 sector gainsAlibaba climbs as Ant Group's Jack Ma to give up controlMacy's, Lululemon drop on holiday-quarter warningsIndexes: Dow down 0.03%, S&P 500 up 0.5%, Nasdaq up 1.3%NEW YORK, Jan 9 (Reuters) - The Nasdaq Composite (.IXIC) and S&P 500 (.SPX) indexes rose Monday afternoon, led by technology shares, on growing expectations that the Federal Reserve will become less aggressive with its interest rate hikes. Technology (.SPLRCT) led the gains among S&P 500 sectors as U.S. Treasury yields declined, while the Nasdaq led the rise among the major indexes. Also, S&P 500 companies are about to kick off the fourth-quarter earnings period, with results from top U.S. banks expected later this week. The Dow Jones Industrial Average (.DJI) fell 9.63 points, or 0.03%, to 33,620.98, the S&P 500 (.SPX) gained 17.57 points, or 0.45%, to 3,912.65 and the Nasdaq Composite (.IXIC) added 138.83 points, or 1.31%, to 10,708.12. The S&P 500 posted 13 new 52-week highs and two new lows; the Nasdaq Composite recorded 114 new highs and 23 new lows.

☆ Abercrombie, American Eagle signal upbeat holiday-quarter sales
▼ + stars: | 2023-01-09 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Abercrombie & Fitch Co (ANF.N) and American Eagle Outfitters Inc (AEO.N) issued upbeat holiday-quarter sales forecasts on Monday as consumers snapped up their winter wear during the peak shopping season. Shares of Abercrombie, which owns the Hollister label, jumped more than 9%, while American Eagle climbed about 3%. It projected fourth-quarter operating margin between 6% and 8%, up from a range of 5% to 7% estimated previously. American Eagle also said its fourth-quarter revenue and profit margins were tracking at the high end of its forecasts, benefiting from its decision to right-size inventory and a better-than-expected performance at its American Eagle label. Last week, department store chain Macy's Inc (M.N) projected holiday-quarter sales toward the lower end of its previous forecast.

Megacap growth stocks Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Microsoft Corp (MSFT.O) gained over 2% each as U.S. Treasury yields declined. The highly awaited U.S. Labor Department's inflation report on Thursday is expected to show some moderation in year-on-year consumer prices in December. Advancing issues outnumbered decliners for a 4.45-to-1 ratio on the NYSE and a 2.54-to-1 ratio on the Nasdaq. The S&P index recorded 12 new 52-week highs and two new lows, while the Nasdaq recorded 107 new highs and 18 new lows. Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Lululemon Athletica sees margin squeeze in holiday quarter; shares slump
▼ + stars: | 2023-01-09 | by ( Granth Vanaik | ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Lululemon Athletica Inc (LULU.O) forecast a decline in holiday-quarter gross margins on Monday as the apparel maker discounts more and grapples with higher costs, sending its shares down more than 9%. Lululemon said it expects gross margin to decline 90-110 basis points in the fourth quarter, compared with its previous expectation of an increase of 10-20 basis points. The company, however, raised its fourth-quarter net revenue forecast to between $2.66 billion and $2.70 billion, from its previous range of $2.61 billion to $2.66 billion. It also tightened its outlook for fourth-quarter earnings per share to between $4.22 and $4.27, compared with its prior forecast of $4.20 to $4.30. Reporting by Granth Vanaik in Bengaluru; Editing by Shailesh Kuber, Saumyadeb Chakrabarty and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Lululemon Warns of Falling Fourth-Quarter Margins
▼ + stars: | 2023-01-09 | by ( Robb M. Stewart | ) www.wsj.com time to read: 1 min

Lululemon Athletica Inc. warned that it expects profit margins to fall for its fourth quarter, even as the athletic-apparel maker reports continued strong shopper traffic. Shares fell more than 12% in premarket trading Monday to $288.50. Through Friday’s close, shares were off 7.3% over the previous 12 months.

"The number of jobs created is working its way down slowly and wages are starting to calm down. Money market bets show 75% odds of a 25-basis point hike in the Fed's February policy meeting, with the terminal rate expected just below 5% by June. ET, Dow e-minis were up 103 points, or 0.30%, S&P 500 e-minis were up 16 points, or 0.41%, and Nasdaq 100 e-minis were up 56.75 points, or 0.51%. Macy's Inc (M.N) and Lululemon Athletica Inc (LULU.O) dropped 4.7% and 10%, respectively, following dour holiday-quarter forecasts from both the retailers. Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Abercrombie & Fitch lifts holiday-quarter sales forecast
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

Jan 9 (Reuters) - Abercrombie & Fitch Co (ANF.N) raised its holiday-quarter sales forecast on Monday on strong demand for its brands during the peak holiday selling period, sending shares about 3% higher before the bell. The Ohio-based apparel retailer said it now expects net sales to rise between 1% and 2% in the fourth quarter, compared with its prior forecast for a 2% to 4% fall. Abercrombie noted an improvement in overall sales from the third quarter, but said sales at its Hollister brand were still expected to remain below 2021 levels in the holiday quarter. The company projected fourth-quarter operating margin between 6% and 8%, up from a range of 5% to 7% estimated previously. Meanwhile, yoga wear maker Lululemon Athletica Inc (LULU.O) lowered its expectations for fourth-quarter gross margins, sending shares down more than 12% in premarket trade.

☆ Lululemon Athletica expects margin squeeze in fourth quarter; shares down
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

Jan 9 (Reuters) - Lululemon Athletica Inc (LULU.O) said on Monday it expects holiday quarter gross margins to decline as the apparel maker grapples with increased costs amid a drop in consumer spending due to persistently-high inflation. The company said it expects gross margin to decline 90 to 110 basis points in the fourth quarter, compared to its previous expectation of an increase of 10-20 basis points. Lululemon, however, said it expects fourth-quarter net revenue to be in the range of $2.66 billion to $2.70 billion, compared with its previous range of $2.61 billion to $2.66 billion. It also expects diluted earnings per share to be in the range of $4.22 to $4.27, compared to its prior expectation of $4.20 to $4.30. Reporting by Granth Vanaik in Bengaluru; Editing by Shailesh Kuber and Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Other rate-sensitive growth stocks like Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) gained about 1% each as U.S. Treasury yields declined. The gains pushed technology (.SPLRCT) to the top of the major S&P 500 sector indexes list. The S&P 500 growth index (.IGX) was up 3.6%, outperforming a 0.7% rise in its value peers (.IVX). Advancing issues outnumbered decliners for a 3.68-to-1 ratio on the NYSE and a 2.15-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and two new lows, while the Nasdaq recorded 95 new highs and 14 new lows.

☆ Buy Lululemon, a 'rare name with momentum', Wells Fargo says in upgrade
▼ + stars: | 2023-01-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to buy shares of Lululemon Athletica , according to Wells Fargo. Analyst Ike Boruchow upgraded the athletics apparel and accessories stock to overweight, calling the it a defensive and "rare name with momentum" poised to outperform on the top line this year. Shares of Lululemon gained about 2% before the bell Friday. He also cited easing freight pressures and better margin visibility as another catalyst for Lululemon going forward. "With LULU not a markdown-driven model, we see more visibility than most on the margin front looking to next year."

U.S. consumer confidence rebounded in December as inflation retreated and the labor market remained strong, while 12-month inflation expectations fell to 6.7%, the lowest since September last year. Nike Inc (NKE.N) jumped 13.7% after reporting its best quarterly revenue growth in more than a decade, barring one quarter, and beat profit expectations on strong holiday demand from North American shoppers. Consumer discretionary stocks (.SPLRCD) led gains among the major S&P 500 (.SPX) sectoral indexes, while financial shares (.SPSY) also gained. Nike peers Lululemon Athletica Inc (LULU.O), Under Armour Inc (UAA.N) and Vans sneaker maker VF Corp (VFC.N) rose between 1.3% and 2.8%. Energy stocks (.SPNY) also rose tracking higher oil prices after data suggested a larger-than-expected draw in U.S. crude stockpiles.

☆ Wall Street eyes higher open on strong Nike earnings
▼ + stars: | 2022-12-21 | by ( Shubham Batra | ) www.reuters.com time to read: +3 min

SummarySummary Companies Nike jumps on strong second-quarter resultsFedEx soars on cost-cutting planConsumer confidence, home sales data due at 10 a.m. Wall Street's main indexes closed slightly higher on Tuesday, following early losses as Treasury yields jumped after the Bank of Japan's surprise monetary policy tweak. Fears of a recession following the U.S. central bank's prolonged interest rate hikes have weighed heavily on equities since its policy meeting last week, despite signs of cooling inflation. Other data expected through the week on core inflation and the labor market will likely determine the future course of interest rate hikes by the Fed. Market volumes are expected to decline this week before the Christmas and New Year holidays amid low participation.

☆ Top Wall Street analysts pick these stocks for 2023
▼ + stars: | 2022-12-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To help the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their track record. The solid execution exhibited by the company against a difficult economic backdrop, especially for the tech sector, managed to impress several Wall Street analysts. Ranked at Number 703 among more than 8,000 analysts, White has a success rate of 54%. Giving us good reason to consider the analyst's convictions is his 370th position among more than 8,000 analysts followed on TipRanks. Standing at the 402nd position, 63% of the analyst's ratings have been profitable.

☆ Securities trader charged in New York with front-running employer's trades
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +1 min

Dec 14 (Reuters) - An equities trader at a large U.S. asset manager was criminally charged with using information about his employer's trades to make tens of millions of dollars in an insider trading scheme, federal prosecutors in New York said Wednesday. Equities trader Lawrence Billimek, 51, of Hailey, Idaho, was arrested in Texas and day trader Alan Williams, 77, of West Linn, Oregon, was arrested in his home state, prosecutors said. Prosecutors allege they made tens of millions of dollars on more than a thousand trades ahead of large stock transactions by Billimek's employer. Both were charged with conspiracy, securities fraud and wire fraud in an indictment unsealed in Manhattan. Reporting by Jody Godoy in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Consumer prices data for November, due Tuesday, will provide fresh clues on the central bank's monetary tightening plans. The S&P 500 declined 0.73% to end the session at 3,934.38 points. The Nasdaq declined 0.70% to 11,004.62 points, while Dow Jones Industrial Average declined 0.90% to 33,476.46 points. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 3.3-to-one ratio. The S&P 500 posted 5 new highs and 1 new lows; the Nasdaq recorded 54 new highs and 213 new lows.

☆ Jim Cramer says Costco is a buy, Lululemon is a wait-and-see
▼ + stars: | 2022-12-09 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

In this article COSTLULU Follow your favorite stocks CREATE FREE ACCOUNTLululemon AthleticaLoading chart...Shares of Lululemon tumbled over 12% on Friday. Cramer said that the main problem with Lululemon was that its strength was already baked into its stock price going into the quarter, meaning that it tumbled when the company failed to report perfect results. Costco WholesaleLoading chart...Shares of Costco inched up 0.33% on Friday. Unlike Lululemon, Wall Street underestimated the company's ability to churn out a solid quarter, according to Cramer. "I think you should be buying Costco if you don't already own it.

Producer prices climbed 7.4% last month on an annual basis, the Labor Department's report showed, compared with economists' expectations of a 7.2% increase. Core producer prices, which exclude volatile food and energy components, jumped 6.2% compared with estimates of a 5.9% rise. Consumer prices data for November, due Tuesday, will provide fresh clues on the central bank's monetary tightening plans. U.S. stocks had snapped a recent run of losses on Thursday after data showed initial jobless claims modestly rose last week, suggesting the labor market was deteriorating. The S&P index recorded five new 52-week highs and one new lows, while the Nasdaq recorded 24 new highs and 96 new lows.

☆ Lululemon sees downbeat quarter as inflation-hit consumers turn cautious
▼ + stars: | 2022-12-08 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

Dec 8 (Reuters) - Lululemon Athletica Inc (LULU.O) on Thursday forecast holiday-quarter revenue and profit largely below analysts' estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation, sending its shares down 6%. "But ...I do still think that Lululemon is playing a very strong game with the consumer." Lululemon lifted its full-year revenue and profit forecasts and beat estimates for third-quarter results. The company forecast fourth-quarter revenue between $2.61 billion and $2.66 billion, compared to analysts' estimates of $2.65 billion, according to IBES data from Refinitiv. Lululemon sees current-quarter profit between $4.20 and $4.30 per share, while analysts estimate $4.30.

☆ Stock futures are little changed as investors assess risk of an economic downturn
▼ + stars: | 2022-12-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

U.S. stock futures were little changed on Wednesday night following a fifth straight day of losses for the S&P 500 as Wall Street weighed the likelihood of a recession. S&P 500 futures added 0.02%, while Nasdaq 100 futures was up 0.004%. During the regular session Wednesday, the S&P 500 declined 0.19% in its fifth straight losing session. Still, investors are increasingly concerned whether the central bank can avoid a recession next year in its attempt to squash inflation. On the economic front, investors are awaiting the latest data on weekly jobless claims before the bell on Thursday.

☆ Cramer’s week ahead: Markets need a strong job market, tame inflation to stay up
▼ + stars: | 2022-12-02 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

But if the job market stays strong and inflation stays tame, we could be in for still one more very good week," he said. Tuesday: AutoZone, Toll Brothers, SentinelOneAutoZoneQ1 2023 earnings release at 6:55 a.m. Wednesday: Campbell Soup, Ollie's Bargain Outlet Holdings, Brown-Forman, Lowe'sCampbell SoupQ1 2023 earnings release at 7:30 a.m. Brown-FormanQ2 2023 earnings release at 8 a.m. ETProjected EPS: $1.96Projected revenue: $1.81 billionCramer said he's betting Lululemon will beat Wall Street expectations in its latest quarter.

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