September has reminded investors that the S&P 500 is heavily weighted at the top. The becnhmark index has risen slightly, but 75% of its component stocks were down for the month.
The State Street Consumer Staples Select Sector SPDR ETF (XLP) has climbed 6.6% so far in 2026, according to State Street data as of September 21. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) has fallen more than 7% over the same stretch, a 13.
Michael Burry is buying exactly what Wall Street wants nothing to do with. Lululemon stock (NASDAQ: LULU) has lost more than half its value this year after weak product launches, falling Americas sales and another guidance cut pushed the stock below $100 for the first time since 2018.
The reported divorce between Chip Wilson and Shannon "Summer" Wilson ends a marriage and business partnership that helped build Lululemon into a global athleisure brand.
Shares of the pricey yoga pants-maker plunged nearly 18% on Friday to an eight-year low after weak Americas sales forced it to slash its full-year outlook.
Lululemon Athletica Inc (NASDAQ:LULU) shares fell 17% in early Friday trading after the athletic apparel retailer reported weaker comparable sales and cut its full-year guidance. Second-quarter revenue was $2.4 billion, down 4% year-over-year and below the $2.46 billion estimate, with comparable sales down 9%.
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