Blue Chips Edge Higher Despite Weak Jobs Data

TL;DR

Lululemon reports impressive quarterly earnings with strong growth on the top and bottom lines, Inphi finds support at its 10-week moving average, and RH sets up for its quarterly earnings report.

Transcript

good afternoon from Los Angeles and welcome to stock markets today sponsored by Interactive Brokers now on the show we're going to be taking a look at the charts of Lululemon following up on its earnings report also going to be taking a look at in Phi and Rh but first let's take a look at the major indexes it's Alisa core I'm here with Ken Shrieve ... Read More

Key Insights

• 💪 Lululemon continues to exceed expectations and demonstrate strong growth in both its online and international markets.
• 🐿️ Inphi's successful test of the 10-week moving average supports the overall positive trend in the chip sector.
• 🤨 RH's rebranding efforts and previous positive earnings report raise expectations for another strong quarter.
• 🫰 The chip sector, represented by the Philadelphia semiconductor index, has shown significant gains in recent weeks.
• 📞 Retail companies' earnings reports have generally been received well, indicating a positive trend in the industry.
• ❓ The market is optimistic about the upcoming earnings reports for RH and Broadcom.
• 👣 Lululemon's CEO's five-year growth plan seems to be on track, as the company consistently outperforms expectations.

Questions & Answers

Q: How did Lululemon perform in terms of growth and sales in its latest earnings report?

Lululemon showed impressive growth with a 35% increase in bottom line, 22% increase in top line, and better-than-expected same store and digital sales.

Q: What is the significance of Inphi finding support at its 10-week moving average?

Finding support at the 10-week moving average is a positive sign for Inphi, indicating potential strength and a chance for investors to add shares. It also reflects the overall strength in the chip sector.

Q: What can we expect from RH's upcoming earnings report?

RH has been rebranding itself as a high-end luxury brand and has seen positive reactions from Wall Street. The last earnings report resulted in a significant stock increase, and the market is optimistic for another strong quarter.

Q: How has the chip sector been performing recently?

The chip sector, including companies like Inphi and Broadcom, has been performing well with the Philadelphia semiconductor index up 8% in the past two weeks. Broadcom also has an upcoming earnings report, making it another important stock to watch.

Summary & Key Takeaways

• Lululemon gained 8% on heavy volume after reporting quarterly earnings with a 35% bottom line growth, 22% top line growth, and better-than-expected same store sales and digital sales.

• Inphi experienced a successful test of its 10-week moving average, signaling potential support. The chip sector is performing well, with the Philadelphia semiconductor index up 8% in the past two weeks.

• RH, formerly known as Restoration Hardware, is forming the right side of a cup base ahead of its quarterly earnings report next week.