
Wajeeh Khan
Articles
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3 weeks ago |
barchart.com | Wajeeh Khan
Broadcom (AVGO) shares closed down 5% on Friday after the chipmaker reported a strong fiscal Q2 but issued in-line guidance only for its current financial quarter. However, analysts recommend buying AVGO shares on the post-earnings dip since the company’s release indicated continued momentum in its artificial intelligence offerings. Despite today’s decline, Broadcom stock is up more than 70% versus its year-to-date low.
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3 weeks ago |
invezz.com | Wajeeh Khan
LionTrust fund manager, Storm Uru says some of the most compelling opportunities for investors in search of durable growth amidst persistent macro uncertainty may be in the private equity space. According to Storm Uru, recent pullback in private equity stocks like Blackstone Inc (NYSE: BX) and Apollo Global Management (NYSE: APO) spells opportunity for long-term investors to build a position in those sector giants at a discount.
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3 weeks ago |
barchart.com | Wajeeh Khan
Lululemon (LULU) shares are down some 20% on Friday after the athletic apparel retailer reported slightly better-than-expected earnings for its Q1 but disappointed investors with its future outlook. In the earnings release, the company’s chief executive, Calvin McDonald, blamed tariffs and fears of an economic slowdown for the weaker guide. Including today’s decline, Lululemon stock is down more than 35% versus its January high. Should You Buy the Dip in Lululemon Stock?
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3 weeks ago |
barchart.com | Wajeeh Khan
Tesla (TSLA) shares crashed 14.3% on Thursday, June 5 amidst a public spat between CEO Elon Musk and President Donald Trump. Musk initially took aim at Trump’s tax-and-spending bill, and Trump responded by threatening to terminate the billionaire’s federal contracts and subsidies.
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3 weeks ago |
invezz.com | Wajeeh Khan
Lululemon Athletica Inc (NASDAQ: LULU) opened some 30% down on Friday after reporting in-line financials for its fiscal Q1 but leaving investors unsatisfied with the forward guidance. LULU shares are being punished this morning as the market digests clear signs of slowing growth, especially in its key North American market. While macro headwinds like tariffs remain a concern, experts believe a bigger problem facing the athleisure giant this year may be saturation in the US and Canada.
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