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Buy DocuSign, Ciena, Lululemon, and Sell Nio

Last week, three companies posted strong results that suggest they are good investments today.

DocuSign (DOCU) lost 4.67% after reporting Q1/2025 non-GAAP EPS of $0.82. Revenue grew by 7.3% Y/Y to $709.6 million. Markets did not like the electronic signature supplier’s excessive stock-based compensation. Once DocuSign diverts the free cash flow to buying back shares and acquisitions, DOCU stock is a buy.

In the optical networking sector, Ciena (CIEN) traded above $50 on June 6, 2024, after posting Q2/2024 revenue down by 19.4% Y/Y to $910.8 million. Shares closed at $45.75 on profit-taking. The company enjoys a backlog of around $1.9 billion. By the end of the year, this will fall.

Ciena expects orders to increase in Q3, led primarily by the cloud.

Luxury yoga clothing firm Lululemon (LULU) traded close to $330 after posting Q1/2024 EPS of $2.54. Revenue grew by 10.5% Y/Y to $2.21 billion. $300 is a good entry price on the stock for investors who want to own part of a vibrant business.

The company offers clothing that has more wear occasions. It tested and moved deeper into the lounge and social, accessories, and the men’s line-up.

In the Chinese EV sector, avoid Nio. The company posted revenue falling by 7.2% Y/Y. Still, it expects Q2 revenue of $2.37 billion, compared to a consensus of around $2 billion.