Stock Movers General Motors Falls, Lockheed Martin Drops, Lululemon Athletica Slips on JPMorgan Cut
Jul 22, 2025
General Motors is facing tough times with a $1.1 billion profit hit attributed to tariffs and no clear recovery plan. Lockheed Martin is also in the spotlight, reporting disappointing earnings and a lowered outlook after a $1.6 billion charge. Meanwhile, Lululemon’s shares took a hit as JPMorgan downgraded its outlook due to concerns over conversion rates and same-store sales. The discussion highlights the significant impacts of market trends and consumer perceptions on these major players.
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GM's Tariff-Driven Profit Hit
- General Motors faces a $1.1 billion profit hit due to Trump's tariffs with no near-term fix.
- Profits also suffer from high warranty costs and EV inventory buildup, pressuring the company under current tariff wars.
Lockheed Martin Earnings Misses and Outlook Cut
- Lockheed Martin's Q2 earnings fell short amid $1.6B program losses and helicopter development losses.
- Pentagon cuts jets in 2026 budget, pressuring stock down 12% year-to-date after the drop.
Lululemon Faces Sales and Competition Headwinds
- Lululemon shares fall due to JPMorgan downgrade citing conversion rate challenges and sales constraints in Americas.
- Despite this, Lululemon leggings, which rarely discount, are now piling at outlets, reflecting rising competition.