Diamonds and Dogs

12/6/24

Lululemon (LULU) stretches higher on strong earnings and guidance. China was a bright spot for them with sales up 27%. Looking forward, the CEO was optimistic about the US expecting a long runway of growth still in the Americas, particularly in the woman's category.

Chevron (CVX) dropped 2% as the price of oil fell 1.67%. Chevron said they will be cutting capital spending by about a billion dollars while also announcing a tax restructuring charge of $700 million to $900 million for the fourth quarter.

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