Lululemon Lower, Trade Desk Inches Higher, Eli Lilly Tumbles
Stock Movers17 Mars

Lululemon Lower, Trade Desk Inches Higher, Eli Lilly Tumbles

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
- Lululemon Athletica (LULU) projected sales to be in a range of $11.35 billion to $11.5 billion in the current fiscal year, with earnings per share projection below expectations. The company's outlook suggests ongoing difficulties, including poor-quality clothing and increasing competition from newer brands, with net revenue in the Americas falling 4% in the fourth quarter.

- The Trade Desk (TTD) shares are up 0.2% in postmarket trading after Adweek said Publicis was telling clients to avoid working with the advertising technology firm. The stock fell 7.4% in Tuesday trading.

- Eli Lilly (LLY) shares tumbled after HSBC turned bearish on the stock, saying investor expectations for weight-loss drugs are overinflated. HSBC analysts cut the drugmaker to reduce and slashed their price target on the stock to $850, citing that Wall Street is too optimistic on Lilly as obesity drugmakers compete by lowering drug prices.

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