The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
0904 ET - Oppenheimer says it remains constructive on "the underlying prowess of the Lululemon brand." But after the company logged underwhelming 1Q results and cut its outlook for the year, analysts Brian Nagel and Andrew Chasanoff say they are "increasingly concerned that stagnation could take hold, amid a void of senior leadership and while smaller, more nimble operators continue to 'nip away' within the broader athleisure category." Lululemon stands to benefit from the appointment of former Nike executive Heidi O'Neill as CEO, the analysts add in a research note. "However, given a non-compete agreement with her former employer, Heidi cannot start until Sep., thereby delaying any significant product relaunch until early 2028, in our view," they say. Lululemon slides 12% premarket. (connor.hart@wsj.com)
0826 ET - FedEx Freight is set to benefit from a recovery in the U.S. industrial economy, according to Stifel in a note. The analysts initiate coverage of FedEx's new freight-focused spinoff in part because they see the industrial sector "awakening from a three-year hibernation." The monthly industrial metric ISM Manufacturing PMI has shown positive growth for the first four months of 2026, the analysts say. FedEx Freight, which went public as an independent company from FedEx on June 1, is positioned to be the leader in the less-than-truckload market, thanks to its big fleet footprint and market share, the analysts say. (katherine.hamilton@wsj.com)
0813 ET - Bombardier is proving its latest business jet goes fast. The Canadian aircraft maker says that its new Global 8000 jet set its first speed record on a flight departing from Montreal, Canada and landing in Nice, France. The aircraft completed the journey in just over six hours. Boasting a top speed of Mach 0.95 and a range of 8,000 nautical-miles, Bombardier says the Global 8000 is the fastest and most luxurious aircraft in the industry. In addition to its long-range capabilities, the aircraft is also remarkably agile, with takeoff and landing performance comparable to that of a light jet, Bombardier says. An advanced wing design also enables customers to master up to 30% more airports than its closest rival, the company says. (adriano.marchese@wsj.com)
0754 ET - Lululemon Athletica is facing a number of problems: brand momentum is fading, share losses are building and sales per square foot are deteriorating, according to Jefferies in a note. All together, these challenges are driving sharp margin compression, the analysts say. "The damage under the prior CEO is significant and long lasting," they say. "We continue to see fundamental downside until productivity stabilizes." The analysts say Lululemon needs to undergo a full strategic reset once incoming CEO Heidi O'Neill, a former Nike executive, takes the reins in September. They recommend stopping store expansion plans, normalizing the brand's color palette and first focusing turnaround efforts on the Americas, among other changes. Lululemon slides 10% premarket after cutting its full-year outlook. (connor.hart@wsj.com)
0736 ET - Cryptocurrencies remain under significant selling pressure as they look on course for the sixth consecutive day of losses. Uncertainty over the Middle East conflict, U.S. interest rate rise expectations and persistent outflows in crypto exchange traded funds are weighing on sentiment. Strategy's announcement on Monday that the bitcoin-hoarding firm sold bitcoin for the first time since 2022 has also contributed to this week's losses. Bitcoin falls 2.0% to $62,292 after reaching a four-month low of $61,117 earlier, LSEG data show. Ether drops 5.8% to $1,669 after hitting a one-year low of $1,627 earlier. Solana declines 4.1% to $66.20, having fallen to a two-and-a-half-year low of $63.80 earlier. (renae.dyer@wsj.com)
0652 ET - More investor profit-taking in South Korean stocks would risk destabilizing the won, DBS Group Research's Chang Wei Liang says in a note. That is especially so with Korean exporters not fully repatriating overseas earnings, and oil prices remaining sticky near $100 a barrel, he writes. The won's weakness has been tied to outflows amid profit-taking by foreign investors following the Kospi's more than 90% rally so far this year, the forex and credit strategist notes. With the dollar already rallying past 1,530 won, wobbles in semiconductor stocks could pose another risk, Chang says. Memory-chip heavyweights Samsung Electronics and SK Hynix shed 6.4% and 9.9%, respectively, pulling the benchmark index down 5.5% for the day. (farah.elias@wsj.com)
0624 ET - Crude palm oil ended lower for another session, weighed by persistent weakness in the Chicago soybean oil market, says David Ng, a trader at Kuala Lumpur-based Iceberg X. Recent weakness in export demand is also pressuring prices in the near term, he says. Ng sees prices of palm oil supported above 4,480 ringgit a ton and resistance at 4,750 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery was 47 ringgit lower at 4,554 ringgit a ton. (tracy.qu@wsj.com)
0616 ET - Brewers AB InBev and Heineken can look forward to better trends in the important Brazil market ahead, Citi analysts tell investors in a note. Alcohol production in South America's largest economy fell on year in April, Citi notes, citing Brazilian Institute of Geography and Statistics data. Tougher comparison bases and inventory shifts drove the decline, but Bud brewer AB InBev and Dutch group Heineken should see support from easier comparisons ahead, along with better affordability and more drinking occasions, Citi says. (joshua.kirby@wsj.com; @joshualeokirby)
0616 ET - European investors aren't properly pricing in the risk to growth of the energy shock sparked by the U.S.-Iran war, Bank of America analysts write. Markets are trading on the assumption that the type of demand destruction that has marked most energy shocks in the past won't occur, they say. "We remain negative on European equities, with our macro projections pointing to around [a] 10% downside for the Stoxx 600," they say. Stocks that rise in conditions of economic growth will struggle, whereas defensive stocks--those immune to falls in growth--will outperform, they say. The Stoxx 600 is yet to recover to its prewar highs. The index edges up 0.1%.(josephmichael.stonor@wsj.com)
0606 ET - Evoke's deal with Bally's Intralot looks attractive, AJ Bell's Russ Mould writes in a note. The London-listed gambling company--which owns betting brands William Hill and 888--said it has agreed to a 243.1 million-pound takeover bid from peer Bally's Intralot. "It will bring an end to William Hill's 24-year stint on the U.K. stock market as a standalone business and under Evoke's corporate umbrella." While gambling remains a viable sector in the U.K. even as it increasingly moves online, traditional betting shops are facing heavy tax burdens and high costs, he adds. Evoke shares are up 15% at 46.05 pence. ( najat.kantouar@wsj.com)
0551 ET - Wise Group faces the prospect of lower growth and reputational harm as a result of a probe by Belgian prosecutors into potential money laundering, Citi's Pavan Daswani writes. Brussels's public prosecutor's office said Monday it has been investigating Wise Europe--the company's Belgium-based European entity--since 2025 over what it says were suspicious transactions totaling more than 500 million euros. "The key risk in our view is around any potential regulatory constraints to growth (onboarding or expansion), along with any potential reputational impact," Daswani writes. However, past anti-money laundering cases suggest that financial penalties resulting from such probes are typically manageable, the analyst says. Wise Group shares fall 0.5%, and are down 10% over the last five days. (josephmichael.stonor@wsj.com)
0551 ET - Raspberry Pi's momentum reinforces its credentials as an AI beneficiary, AJ Bell's Russ Mould writes in a note. The low-cost computer maker said the strong profitability of the first half is expected to drive full-year Ebitda significantly above current market expectations. "There was an explosion of interest in Raspberry Pi in February with surging demand for its credit card-sized computers among AI enthusiasts as a low-cost way to run [personal AI assistant] OpenClaw," Mould says. The company can pride itself on having stockpiled low-cost memory chips in 2025, given their current shortage and significantly higher cost amid a sharp rise in AI-related demand, he adds. Shares are up 24% at 10.19 pounds. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
June 05, 2026 09:04 ET (13:04 GMT)
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