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Instablog9ja
39 m
9
South Korea is grappling with the world’s lowest birth rate and is now turning to financial incentives to address its demographic challenges.
In Busan’s Saha District, a new initiative offers residents up to $38,000 to encourage dating and marriage. This program is part of a broader national strategy aimed at reversing the country’s historically low fertility rate of 0.72 children per woman.
The initiative seeks to make family life more attainable and financially viable while also creating opportunities for social connections through various events that bring together like-minded individuals. By promoting marriage and family life, this program is a key component of South Korea’s effort to combat its demographic crisis and boost its population.
Investopedia
40 m
9
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Lululemon Athletica (LULU) shares moved higher in premarket trading on Friday after the activewear retailer reported higher-than-expected profit and outlined efforts to accelerate the introduction of new products, offsetting weak sales and a cut to its full-year outlook.
The global retail chain’s stock has lost around half of its value since setting a record high in December as a slowdown in consumer spending amid persistent inflation and a series of missteps, such as the recent troubled launch of its Breezethrough leggings, weighed on investor sentiment.
Lululemon shares were up 4.5% at $270.65 about two hours before Friday's opening bell.
Below, we review the technicals on Lululemon’s chart and identify important post-earnings price levels that are worth watching out for.
After gapping below the 200-day moving average (MA) in late March, Lululemon shares have traded within a descending channel that has kept the price entrenched in a multi-month downtrend. More recently, a pre-earnings rally stalled earlier this week, with the stock finding resistance near the pattern’s top trendline and 50-day MA. However, the premarket move sets the stage for a potential retest of the area on Friday.
Following the athletic apparel maker's quarterly report, investors should monitor four key chart areas, three of which also closely align with key Fibonacci retracement levels when applying a grid from the December high to August low.
Friday’s projected open looks set to test the closely watched $272 area, where the price will likely reencounter selling pressure near the descending channel’s top trendline and downward sloping 50-day MA.
A decisive breakout above this level could see the shares rally to around $293, roughly the same area as the 23.6% Fibonacci retracement level. This level on the chart may also encounter resistance near the May low, which matches a series of comparable trading levels in July.
Further buying could drive a move up to the $335 region. This area, which sits just below the 38.2% Fibonacci retracement level, may attract selling interest around the prominent April swing low and early June swing high.
A longer-term uptrend could see a retest of the key 50% Fibonacci retracement level at $371, an area on the chart where the shares may also find investors willing to take profits near the April countertrend peak positioned toward the top of the descending channel.
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Instablog9ja
2 hrs
9
Tongues wag as Ogun State Government’s official X (formerly twitter) handle has reacted to comments on a trending topic.
The government has reacted to the topic’ Would men settle for a single mum” by saying What many don’t even know is that, these women are not even desperate, marriage is not their life priority, you will have to earn your place in their life to be considered for marriage. Some people are just beefing these women because they can be less.
Investopedia
2 hrs
12
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Investors are watching for key July inflation data, shares of Dell (DELL) and MongoDB (MDB) are rising in pre-market trading on their better-than-expected quarterly results, and Intel (INTC) is gaining after a report the chipmaker is considering splitting off its foundry business. Here’s what investors need to know today.
Investors will get key inflation data today at 8:30 a.m. ET with the release of the Personal Consumption Expenditures (PCE) report, which is expected to show that prices rose 2.5% year-over-year in July. The PCE is the Federal Reserve's preferred measurement for inflation, and while the inflation rate is still above central bank's target, the July data is expected to show price increases cooling. The PCE inflation reading could reinforce expectations of Fed rate cuts.
Shares of Dell Technologies (DELL) are up 5% in pre-market trading after the computer maker reported growing its quarterly revenue 9% year-over-year to $25 billion, with demand for artificial intelligence (AI) sales pushing server and networking revenue higher by 80%. The results were better than analysts expected. Chief Operating Officer Jeff Clarke said "AI momentum accelerated in Q2, and we've seen an increase in the number of enterprise customers buying AI solutions each quarter."
MongoDB (MDB) shares are jumping more than 15% pre-market after the database software maker reported quarterly sales and earnings that beat analysts' estimates, and raised its full-year revenue outlook. The company reported a 13% year-over-year jump in quarterly revenue to $478.1 million, and narrowed its losses compared with the year-ago quarter. Sales of its multi-cloud developer data platform were higher by 27% on AI demand.
Shares of Intel (INTC) are rising 3% pre-market following reports the chipmaker is in discussions with investment bankers over ways to help guide the company through its current slump. Intel is exploring options that include splitting its product-design and manufacturing business, and dropping some factory projects, reported. The company posted wider-than-expected losses earlier this month, sending shares tumbling. Intel shares have lost nearly 60% of their value since the start of the year.
GE Vernova (GEV) shares moved higher in pre-market trading, looking to extend Thursday's gains after William Blair analyst Jed Dorsheimer initiated coverage of the stock with an "outperform” rating, anticipating the power-generation supplier could capitalize on the power needs of AI technology. The company could be well positioned to offer its natural gas technology as a pragmatic solution to the rising power needs of AI computing, the analyst wrote.
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Instablog9ja
3 hrs
10
A lady has narrated how she discovered that she had forgotten a t3mpon in her ‘box’ for one month.
She just literally just experienced this, she was smelling a horrible sm£ll in that area, despite taking two showers a day to remove it for a whole month. She kept d#scharging a brown-red color, and she was d#scharging way more than usual and just today she was searching up for a possible d%uche? She don’t know, she had never used one and everyone says not to, but literally as she was scrolling through d%uches. She went to wipe and felt what she thought was a ball of toilet paper sticking out?
She pulled it and out came a foul sm£lling tampon. How is it possible to have forgotten her tampon in? I can notice a world of a difference with it out yet how did she not notice when it was stick inside her for a month.
Investopedia
3 hrs
12
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Burlington Stores (BURL) Thursday posted a higher-than-estimated doubling of its profits and raised its outlook for the year, although it warned about increasing ocean shipping costs.
The department store chain reported second-quarter net profit of $73.8 million, up from $30.9 million a year ago, and adjusted earnings per share (EPS) of $1.24, as revenue rose 13.4% to $2.47 billion. All exceeded estimates. Comparable store sales climbed 5%.
Chief Executive Officer (CEO) Michael O’Sullivan said that both revenue and comparable store sales were well above company expectations. He added that the strong quarterly results were “driven by the ahead of plan sales, as well as a significant increase in gross margin, and faster than expected progress in our supply chain efficiency initiatives.”
O’Sullivan said the company was boosting its full-year outlook "based on the year-to-date performance" but also noted that the company is facing “some incremental cost pressure from ocean freight.” He said "there are some risks, so we are planning our business cautiously."
The company now expects adjusted EPS in a range of $7.66 to $7.96 from the previous $7.35 to $7.75, and earnings before interest and taxes (EBIT) margin to grow 50 to 70 basis points (bps) versus the earlier 40 to 60 bps.
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