Lululemon Athletica Inc. (LULU) Nasdaq sees drop in sales amid   the Coronavirus pandemic even with  online sales surging 70%. Lululemon Athletica Inc (NASDAQ: LULU) posted a 17% revenue decline in the first quarter.

The Canadian company listed on the U.S. exchanges in July 2007, opening at $12.50 and entering an immediate uptrend that topped out at $30.35 in October.

295 stores  have reopened, and it does confirm all remaining stores will be open soon. The company has also continued to pay rent on all its properties and have not furloughed any employees. Customer service has been a challenge with many customer complaints getting in touch with the company about returns

Morgan Stanley maintained an Equal-weight rating and $296 target, KeyBanc Capital Markets maintained a Sector Weight rating,  and Bank of America Securities maintains a Buy rating and $340 price target.

Calvin McDonald is the Chief Executive Officer of Lululemon Athletica Inc., an athletic apparel company, and serves as a member of the company’s Board of Directors. Mr. McDonald is a growth-oriented leader who has a proven track record helping large organizations scale by integrating how brands engage with customers where they shop — in stores, across digital channels, and from their home. Prior to joining Lululemon in August 2018, Mr. McDonald served for five years as president and CEO of Sephora America’s, a division of the LVMH group of luxury brands. Source:https://investor.lululemon.com/index.php/board-directors/calvin-mcdonald

Top Institutional Holders

Holder   Shares   Date Reported   % Out       Value

FMR, LLC                           18,617,271                     Mar 30, 2020           14.98%   3,528,903,718

Vanguard Group, Inc. (The)                   10,893,971                     Mar 30, 2020           8.76%       2,064,952,203

Price (T.Rowe) Associates Inc           8,187,736                         Mar 30, 2020           6.59%       1,551,985,358

Jennison Associates LLC 7,719,010                         Mar 30, 2020           6.21%       1,463,138,345

Blackrock Inc.         7,036,616                         Mar 30, 2020           5.66%       1,333,790,562

Following the amazingly bad results, shares of lululemon slid 5.1% in the after-hours session in Jun 11. In the past three months, this Zacks Rank #3 (Hold) stock has gained 74.3% compared with the industry’s 28.6% growth.    Source :  https://finance.yahoo.com/news/lululemon-lulu-stock-down-q1-132101191.html

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

The gaming world is on fire. Microsoft Corporation (MSFT) Nasdaq announces   the  Xbox Series X will be four times as powerful as its predecessor, the Xbox One X. It will  now   support an 8K resolution with  a frame rate of 120 frames per second (FPS). Xbox Elite Wireless Controller Series 2 will include adjustable-tension thumb sticks, shorter hair trigger locks, a  wrap-around rubberized grip, and  re-engineered components.

• PC Magazine gives the X Box Series X and 4.5 excellent star rating.
• Microsoft Cloud Strength Drives Third Quarter Results

REDMOND, Wash. – April 29, 2020 –  Microsoft Corp. today announced the following results for the quarter ended March 31, 2020, as compared to the corresponding period of last fiscal year:

• Revenue was $35.0 billion and increased 15%
• Operating income was $13.0 billion and increased 25%
• Net income was $10.8 billion and increased 22%
• Diluted earnings per share was $1.40 and increased 23%
  Source: https://www.microsoft.com/en-us/Investor/earnings/FY-2020-Q3/press-release-webcast

May videogame sales jump 52% as lockdown rally rolls on

Source:  https://seekingalpha.com/news/3582675-may-videogame-sales-jump-52-lockdown-rally-rolls-on

Top Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Group, Inc. (The)                   640,172,572               Mar 30, 2020           8.44%       100,961,616,330

Blackrock Inc.         517,578,906               Mar 30, 2020           6.83%       81,627,369,265

State Street Corporation                             314,771,248               Mar 30, 2020           4.15%       49,642,573,522

FMR, LLC                           237,892,832               Mar 30, 2020           3.14%       37,518,078,534

Price (T.Rowe) Associates Inc           172,056,401               Mar 30, 2020           2.27%       27,135,015,001

Top Mutual Fund Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Total Stock Market Index Fund                           214,894,399               Dec 30, 2019             2.83%       33,888,846,722

Vanguard 500 Index Fund                       152,413,277               Dec 30, 2019             2.01%       24,035,573,782

SPDR S&P 500 ETF Trust 79,853,096                     Feb 28, 2020             1.05%       12,937,000,082

Vanguard Institutional Index Fund-Institutional Index Fund                     68,989,633                     Dec 30, 2019             0.91%                               10,879,665,124

Fidelity 500 Index Fund 67,304,337                     Jan 30, 2020               0.89%       11,457,217,287

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Carl Icahn sold  55 million shares, approximately a  39% stake, at a huge loss. Hertz has $19 billion of debt. Now that Hertz Global Holdings, Inc. (HTZ) NYSE filed bankruptcy, all of their debt must be satisfied with the lenders  before the shareholders get anything.

Hertz Global Holdings, Inc. (HTZ) NYSE is trying to raise more cash to extend its business. If Hertz can recover once the air and transportation businesses recover after COVID-19, Hertz could recover in a rebounding economy.

In a court filing Hertz announced it wants to offer as many as $246 million shares, helping give them the capital they need to extend the business and get out of massive debt. People are bidding up the stock. The stock gained 41%   on   optimism that a rebound in the economy is coming.

Hertz names a new CEO Paul Stone after Kathryn Marinello resigned following bankruptcy. Hertz also owns Dollar Rent A Car and Thrifty Car Rental.

“Mr. Stone has served as President and Chief Executive Officer and as a director of Hertz since May 2020.   Mr. Stone previously served as Executive Vice President and Chief Retail Operations Officer North America of Hertz from March 2018 to May 2020.   From November 2015 to December 2017, Mr. Stone served as the Chief Retail Officer at Cabela’s Inc., an outdoor outfitter retail company.   Prior to joining Cabela’s Inc., Mr. Stone spent 28 years growing his career with Sam’s Club, a retail warehouse subsidiary of Walmart Inc., a multinational retail corporation.” Source: https://ir.hertz.com/executive-officers?item=122

[object HTMLElement]

0.43%       % of Shares Held by All Insider

117.59%                             % of Shares Held by Institutions

118.10%                             % of Float Held by Institutions

248                 Number of Institutions Holding Shares

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Facebook, Inc. (FB) Nasdaq   initiates a venture arm to invest in startups.Facebook is reportedly establishing its own multi-million dollar fund to invest in “leading private companies alongside top venture capital firms and angel investors”, The Axios reported on Thursday. The fund could help Facebook find new and emerging companies to invest in and help them become greatly successful. This is step in the right direction for Facebook as small businesses need investment.

Facebook had a job opening for head of investments to manage a fund investing in “leading private companies alongside top venture capital firms and angel investors.” The post no longer exists, so perhaps it has been filled.

Mark Zuckerberg is an American media magnate, internet entrepreneur, and philanthropist. He is known for co-founding Facebook, Inc. and serves as its chairman, chief executive officer, and controlling shareholder. He also is a co-founder of the solar sail spacecraft development project Breakthrough Starshot and serves as one of its board members. Source: Click here-

Sheryl Kara Sandberg is the chief operating officer of Facebook, the founder of LeanIn.Org, and a philanthropist. In June 2012, she was elected to Facebook’s board of directors, becoming the first woman to serve on its board.    In response to Sheryl’s 2010 TEDTalk on the ways women are held back–and the way we hold ourselves back–viewers around the world shared their own stories of struggle and success.

Facebook continues to bring new features to the platform member to benefit from.Facebook is testing a new feature where those that search for factual data such as what appears on Wikipedia or another platform. The information will appear within Facebook without the user reverting to an outside website and leaving the platform.

Mark Zuckerberg is an American media magnate, internet entrepreneur, and philanthropist. He is known for co-founding Facebook, Inc. and serves as its chairman, chief executive officer, and controlling shareholder. He also is a co-founder of the solar sail spacecraft development project Breakthrough Starshot and serves as one of its board members. Source: Click here-

Top Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Group, Inc. (The)                   188,828,724               Mar 30, 2020           7.85%       31,496,631,163

Blackrock Inc.         159,221,271               Mar 30, 2020           6.62%       26,558,108,002

FMR, LLC                           124,247,137               Mar 30, 2020           5.17%       20,724,422,451

Price (T.Rowe) Associates Inc           108,819,909               Mar 30, 2020           4.53%       18,151,160,821

State Street Corporation                             95,449,004                     Mar 30, 2020           3.97%       15,920,893,867

Capital Research Global Investors                         72,328,001                     Mar 30, 2020           3.01%       12,064,310,566

Capital International Investors     51,583,155                     Mar 30, 2020           2.15%       8,604,070,254

Top Mutual Fund Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Total Stock Market Index Fund                           67,790,793                     Dec 30, 2019             2.82%       13,914,060,263

Growth Fund of America Inc               54,561,186                     Dec 30, 2019             2.27%       11,198,683,426

Vanguard 500 Index Fund                       48,078,340                     Dec 30, 2019             2.00%       9,868,079,285

Fidelity Contrafund Inc   43,602,965                     Jan 30, 2020               1.81%       8,803,874,663

Price (T.Rowe) Blue Chip Growth Fund Inc.                       21,950,660                     Dec 30, 2019             0.91%       4,505,372,965

Vanguard Institutional Index Fund-Institutional Index Fund                     21,762,517                     Dec 30, 2019             0.91%                               4,466,756,614

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Apple Inc. (AAPL) Nasdaq   has reached an all time high of $343 as of today.

Tip Ranks Apple a strong buy Based on 33 analysts offering 12-month price targets for Apple in the last 3 months. The average price target is $331.64 with a high forecast of $390.00  Source: https://www.tipranks.com/

Apple Inc. (AAPL) Nasdaq   Apple gives $100 Million to racial equity and justice causes; CEO Tim Cook announced today June 11, 2020 to denounce racism in today’s world.

“The unfinished work of racial justice and equality call us all to account. Things must change, and Apple’s committed to being a force for that change. Today, I’m proud to announce Apple’s Racial Equity and Justice Initiative, with a $100 million commitment.” Source Tim Cook @tim_cook

Tim Cook is the chief executive officer of Apple Inc., and previously served as the company’s chief operating officer under its co-founder Steve Jobs. CEO Tim also services on the Board of Directors for Apple.

Apple is a cash warehouse with almost  $193 billion  in   cash on the balance sheets. Apple will be holding its first digital event where it is expected to announce the new iPad, iPhone, and Mac software at its developer on June 22nd at 1 p.m. CEO Tim Cook will be the keynote presenter.

Apple reports its next earnings on August 4th,2020.33 analysts rate it a buy. Consensus EPS Forecast $1.95.

Apple will be holding its first digital event where it is expected to announce the new iPad, iPhone, and Mac software at its developer on June 22nd at 1 p.m. CEO Tim Cook will be the keynote presenter.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.