Jim Cramer provides daily rapid-fire analysis of stocks featured in non-portfolio news on CNBC Investing Club. Lululemon: Shares plunged more than 18% after the sports apparel maker released sales and earnings guidance for the current quarter that fell short of Wall Street expectations. According to LSEG, the company’s quarterly revenue forecast suggests annual growth of 9% to 10%, compared to analyst expectations of 12.5% growth. “When it gets to the low single digits, [growth] Despite being a large, growing company, it will experience such decline. “I was surprised and disappointed by this outlook,” Jim Cramer said. Nike: Shares fell 8% after the apparel maker released softer guidance for the current quarter. The company’s China business continued to be sluggish in the third quarter of FY2024. Kramer said. Nike and Lululemon executives have sent similar messages to investors in their reports and outlooks, saying, “They’re basically saying, ‘If you’re an owner… maybe you should sell us and come back later. ”’ Kramer said. Revenue rose about 8% after the shipping giant reported better-than-expected profit margins in its Express division and announced a $5 billion share buyback plan. Earnings per share for the quarter totaled $3.86, well above analyst expectations. “These revenues have been achieved without any problems” whatever the revenue growth. “If revenue grows even a little bit, the leverage would be tremendous,” Kramer said. [the CNBC Investing Club’s upcoming] Monthly meeting. That might be another thing we have to think about. Tesla: The electric car maker is cutting production in China, Bloomberg News reported Friday. Tesla stock fell nearly 2%, extending its year-to-date decline to more than $31. %. “They can’t catch a break. …I think Chinese cars are a real existential threat to them. In the auto industry, CNBC Investment Club owns Ford Motor Company Boeing: Wall The Street Journal reported that U.S. airline executives have requested a meeting with Boeing’s board of directors as the plane maker continues negotiations with the company, citing the Alaska Airlines incident earlier this year. Boeing CEO Dave Calhoun is not expected to attend the meeting in the aftermath of the door explosions, but Cramer said “this is a very difficult situation for Calhoun,” and that the airline is hoping to He added that there is. Meeting without Calhoun might mean his “life is over.”
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