Lululemon Athletics Inc. (LULU) stock predictions

Summary

The stock market returned to its narrow tracks on Wednesday, as most individual stocks took a breather. And, yes, the general public bore the brunt of the losses, while mega-cap information technology and communications services stocks rose nicely thanks to the White House’s proposed AI initiative. The other nine S&P 500 sectors fell. But some mega-cap names diverged sharply while others sold off, ending the day near or lower. These daily candles are very ugly and definitely not a sign of market strength. But it’s only one day, so it will be interesting to see how these stocks finish the week and month. The S&P 500 hit a narrow intraday all-time high of 6,100.81, but ran out of gas, giving back some of its gains. A few stocks that made an appearance include NFLX and ORCL. NFLX opened higher after the company posted better-than-expected quarterly results, jumping from $870 to $999. Yes, $1,000 is a big round number and is psychological resistance for a stock or index. The shares ended the day at $954 — an all-time high, but very close to the day’s low. Investors were not shy, ORCL opened from $173 to $192 and closed at $184.