Diamonds and Dogs

12/9/22

Docusign (DOCU) beat estimates. The electronic signature software company rose 12% following strong earnings while subscription revenue increased 18% to $624.1 million. Guidance was solid bolstering shareholder spirits as one analyst believes there is limited downside from current level. Docusign stock is still down over 50% for the year after firing their CEO.

Lululemon Athletica (LULU) stretches lower. The athletic apparel company fell 12% following earnings and weak guidance raising concerns about a pileup of inventory even after a massive Black Friday, the biggest day in history in terms of both revenue and traffic. The company is looking to double sales by the fiscal year ending in early 2027 by opening more stores, expanding abroad and selling more products to men.

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