General Motors Falls, Lockheed Martin Drops, Lululemon Athletica Slips on JPMorgan Cut
On this episode of Stock Movers:
- General Motors (GM) shares fall. GM said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.
- Lockheed Martin (LMT) shares drop. Lockheed Martin Corp. reported second-quarter earnings that fell short of analyst estimates and lowered its outlook for the year after incurring $1.6 billion in charges on a classified program and its Sikorsky helicopter unit.
- Lululemon Athletica (LULU) shares fall as JPMorgan cuts to neutral from overweight citing company-specific conversion rate headwinds and same-store-sales growth constraints in the Americas region.
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