Shares of Lululemon Athletica Inc. were set for their biggest one-day percentage loss in more than eight years on Thursday, after the Canadian yogawear apparel maker warned that first-quarter sales would fall.
U.S. stocks advanced today as a weaker-than-expected payrolls report tamped down expectations for a September rate hike from the U.S. Federal Reserve, although hawkish comments from another Fed official kept expectations for one this year intact.
Wall Street was set to open higher today after data showed U.S. employment growth slowed more than expected in August, which could rule out an interest rate increase this month.
Lululemon is strong enough to outperform the market. Dan discusses how to trade the stock.