| Wednesday's Markets | |
|---|---|
| S&P 500 6,721 (-1.16%) |
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| Nasdaq 22,693 (-1.81%) |
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| Dow 47,886 (-0.47%) |
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| Bitcoin $85,800 (-2.14%) |
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Elliott Investment Management has built up a stake of more than $1 billion in Lululemon (NASDAQ:LULU) to become one of the company's biggest shareholders, The Wall Street Journal claims. The activist investor is reportedly lining up former Ralph Lauren Chief Financial Officer and Chief Operating Officer Jane Nielsen to drive a turnaround at the struggling athletic clothing maker. The stock popped 4.5% in pre-market trading.
Micron (NASDAQ:MU) posted record results in its first quarter after yesterday's market close, boosted by soaring artificial intelligence (AI) demand for memory chips and storage products, with cloud memory revenue almost doubling year over year (YoY). The company lifted its Q2 profit forecast to double what Wall Street was expecting. Micron spiked 9.5% overnight.
Hidden Gems recommendation Accenture (NYSE:ACN) reported a 12% rise in new bookings in Q1 to $20.9 billion -- up 10% in local currency. AI new bookings contributed $2.2 billion, as the company estimates 2% to 5% revenue growth (in local currency) for the 2026 fiscal year. The results boosted the stock 3% in early trading.
Which stocks among the worst-performing sectors of 2025 so far -- consumer staples (e.g., McCormick (NYSE:MKC) or Costco (NASDAQ:COST)) and real estate (e.g., American Tower (NYSE:AMT) or Weyerhaeuser) -- would you feel most comfortable buying and holding now for the next five years, and why? Don't limit yourself to the companies mentioned as examples here, of course! Share with friends and family, or become a member to hear what your fellow Fools are saying.
