"All on news that CEO Calvin McDonald announced he would leave the company by the end of January 2026. The news is greatly welcomed after investors watched the LULU stock fall from a high of about $425 to its current price of $187.01. At the moment, LULU's board of directors is working with an executive search firm to find its next CEO. In the meantime, Lululemon's CFO Meghan Frank, and Chief Commercial Officer, André Maestrini, will serve as interim co-CEOs during the search process."
"Shares of Broadcom ( NASDAQ: AVGO) are down about 6%, or $23.57 per share, in premarket. The company's EPS of $1.95 was better than the estimated $1.86. Revenue of $18.02 billion was above the expected $17.49 billion. Plus, according to CEO Hock Tan, AI chip sales are expected to double year over year to $8.2 billion. Helping, analysts at Bernstein just raised their price target on AVGO to $475 on strong AI results."
"Shares of Newmont ( NYSE: NEM) are up another $2.40 a share in premarket. Not only is it running higher with gold prices, but it's also generating record free cash flow of $1.6 billion, marking its fourth straight quarter of FCF growth over $1 billion. It's also seeing a boost with margins thanks to cost-cutting efforts. Fueling more upside, analysts at Bank of America recently reiterated its buy rating on the NEM stock with a price target of $118."
Lululemon shares rose about 9% after CEO Calvin McDonald announced he will leave by the end of January 2026. LULU's board is working with an executive search firm and CFO Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs. The company reported EPS of $2.59 and revenue of $2.57 billion, both above estimates, while issuing guidance of $4.66–$4.76, below estimates. Broadcom beat EPS and revenue and projected AI chip sales to double to $8.2 billion, but a $73 billion backlog over six quarters disappointed investors. Newmont generated record free cash flow of $1.6 billion and saw margin improvement from cost cuts.
Read at 24/7 Wall St.
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