On this episode of Stock Movers:
- Lululemon (LULU) declined this morning after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US. CEO Calvin McDonald said that US shoppers are keeping their wallets tight and visiting stores less often amid geopolitical strife and high inflation.
- US Steel (X) shares surged this morning as a report emerged suggesting the Nippon Steel merger deal could be saved. Nippon Steel could invest, but not takeover, US Steel. Unions have opposed the deal--first proposed back in 2023--as did former President Biden and President Donald Trump.
- Rocket Lab (RKLB) surged in premarket trading after the space company was selected by the US Space Force for a $5.6 billion program, which Citi analysts said was positive for the stock. Rocket Lab was selected by the US Space Force to compete for the Department of Defense’s missions for its National Security Space Launch (NSSL) Phase 3 Lane 1 program, the company said in a statement

DataDog Gains, Blue Owl Drops, Shake Shack Sinks After Revenue Miss on Beef Costs, Weather
03:57

Shake Shack Plunges, DataDog Soars, Citigroup Drops on ‘Underwhelming’ New Profitability Target
03:26

Whirlpool, Shake Shack, and Beyond Meat Slide
03:58