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Lululemon Athletica Inc (NASDAQ:LULU) has reported an 18% YoY increase in sales to $2.21 billion for the quarter ending July 30th, beating Refinitiv’s consensus estimate of $2.17 billion. The growth was driven by strong international sales, particularly in China, which saw a 61% increase. The company also raised its full-year guidance. Lululemon is pursuing a strategy to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026, which includes expanding its brick-and-mortar footprint and direct-to-consumer revenue, and strengthening its position in the men's department.

Portfolio Pulse from Upwallstreet

September 01, 2023 | 5:25 pm

FB

Meta Platforms Inc. is reportedly considering introducing paid versions of Instagram and Facebook in Europe, which would allow users to avoid ads. This move is seen as a response to the stricter privacy laws in Europe.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 4:31 pm

AMC

AMC Entertainment Holdings, Inc. (NASDAQ:AMC) shares are trading higher after the company announced record-breaking ticket sales for the 'Taylor Swift - The Eras Tour' concert film. The film generated $26 million in revenue and set a new record for ticket sales for a single title on one day at AMC theaters. AMC is also acting as the theatrical distributor for the concert film and is securing locations and screens with numerous other movie theater operators.

Portfolio Pulse from Erica Kollmann

September 01, 2023 | 4:13 pm

AMC

AMC Entertainment announced that the 'Taylor Swift - The Eras Tour' concert film has broken advance ticket sales records, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 4:13 pm

F

Ford Motor Company has issued a recall of 169,000 SUVs and other vehicles to replace faulty rear cameras. The recall could potentially impact the company's reputation and financials.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 4:10 pm

NKE

Nike Inc. (NYSE:NKE) is making strategic moves to stay competitive, including opening a new concept store in India, launching the EK Umoja Collection inspired by marathoner Eliud Kipchoge, and offering a Labor Day Sale with significant discounts. The store in Dehradun, India, is part of Nike's broader expansion plans in the country. The EK Umoja Collection features five different running shoe models and various apparel items. The Labor Day Sale offers discounts of up to 50% on a wide array of products.

Portfolio Pulse from Mohit Manghnani

September 01, 2023 | 3:56 pm

AAPL

Apple Inc. (AAPL) has settled a trademark dispute with the U.S. Patent and Trademark Office (PTO) over its 'Smart Keyboard' application. The company also announced the launch of iPhone 15 on September 12, featuring both entry-level and premium models with a USB-C port. Apple is also testing 3D printing for the steel casing of the upcoming Apple Watch 9, which could enhance manufacturing efficiency and reduce metal usage.

Portfolio Pulse from Mohit Manghnani

September 01, 2023 | 3:48 pm

DIS

Walt Disney Company (NYSE:DIS) shares are trading lower, down over 27% over the last year and 3% on heavy trading volume Friday. Disney+ announced an ad-supported streaming option in select markets and an ad-free bundled subscription plan in the U.S. featuring Disney+ Premium and Hulu for $19.99 per month.

Portfolio Pulse from Erica Kollmann

September 01, 2023 | 3:39 pm

BLDP

Ballard Power Systems, Inc. (NASDAQ:BLDP) and partner Quantron AG have delivered their first fuel cell electric trucks, built with Ballard's high-performance FCmove fuel cell modules. Ballard Power's backlog of Total Fuel Cell Products & Services at the end of Q2 was $147.5 million. A European customer has already taken delivery of the first five units. BLDP shares are trading higher by 1.43% to $4.26.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 3:21 pm

META

Meta Platforms, Inc. is making efforts to boost engagement on Threads, a feature of Instagram that failed to gain traction after its initial surge. The company's latest experiment includes a carousel of recommended Threads posts within the Instagram app and a 'Send to Instagram DM' button on Threads. Despite these efforts, data from Similarweb indicates that the shift to encourage more active posting from desktops failed to yield results. Meta is also testing a feature in Australia and New Zealand that allows users to search for Threads posts.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 3:17 pm