On this episode of Stock Movers:
- Lululemon (LULU) shares tumble after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.
- Broadcom (AVGO) shares rose after the company announced they would be helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia Corp.
- Lennar (LEN) shares rose after a weaker-than-expected jobs report prompted traders to fully price a rate cut by the Federal Reserve in less than two weeks.

Weekly Roundup: Alphabet Soars, Clorox Sinks, Centene Rallies
03:56

Closing Bell: Apple Rallies, Oracle Soars, Roblox Sells Off
04:34

Chevron Falls on 'Messy' Quarter Results, Riot Platforms Higher, Spirit Airlines Nears Shutdown
05:04