Stock futures hovered around the flatline on Friday morning, signaling a muted open at the end of a week dominated by the Federal Reserve’s latest 25-basis-point rate cut and its cautious guidance on the policy path for 2026.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
- lululemon athletica (LULU) +9% – Shares surged after the company raised its full-year forecast, posted a strong Q3, and boosted its stock buyback program by $1B. For FY2025, Lululemon now expects EPS of $12.92–$13.02, with the $12.97 midpoint topping the $12.89 consensus and up from the prior $12.77–$12.97 range. Revenue is projected at $10.96B–$11.05B, with the $11.01B midpoint exceeding the $10.96B consensus and above the earlier $10.85B–$11B outlook. The company also announced it has hired an executive search firm to identify its next CEO, as Calvin McDonald will step down at the end of January, while board chair Marti Morfitt immediately assumes an expanded role as executive chair.
- InterContinental Hotels (IHG) +4% – Shares saw the biggest gain in four months after Jefferies upgraded the stock to Buy from Hold and lifted its price target to 11,400p from 8,700p. The analysts said hotels remain one of the more attractive pockets of opportunity amid increasingly limited growth across the broader consumer sector.
Biggest stock losers
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Broadcom (AVGO) -5% – Shares dipped even as the company posted FQ4 results and guidance that exceeded Wall Street’s expectations, fueled by ongoing AI spending. Revenue rose 28% Y/Y to a record $18B, driven by a 74% jump in AI semiconductor sales. CEO Hock Tan said momentum will continue into Q1, with AI chip revenue expected to double Y/Y to $8.2B, supported by demand for custom AI accelerators and Ethernet AI switches. Broadcom guided for Q1 revenue of ~$19.1B and adjusted EBITDA of 67%, above the $18.38B consensus. The company also raised its quarterly dividend by 10% to $0.65 per share, payable Dec. 31.