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Burry Says He's Sold Out of His Top Holding - for Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2673030126","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2673030126?lang=en_us&edition=fundamental","pubTime":"2026-10-06 17:43","pubTimestamp":1791279780,"startTime":"0","endTime":"0","summary":"Michael Burry is selling Lululemon but plans to buy back it back.Michael Burry, the contrarian ex-hedge-fund manager chronicled in The Big Short, is selling his top holding at an 8.5-year low.Burry said he's swapped his Lululemon   shares for Deckers Outdoors  to claim a tax benefit, according to multiple published reports, which cited his Substack service's chat room. He said he'll buy back Lululemon again in a month, after Internal Revenue Service 30-day wash-trading restrictions would expire.Wall Street analysts are pessimistic on Lululemon, through the filter of their usually rose-colored glasses. Out of the 37 ratings tracked by FactSet, 27 are a hold and 6 are either underweight or sell.According to FactSet, of the 13,097 ratings on S&P 500 stocks, 60% are buy, 36% are hold and 5% are sell.The stock trades at just 11 times the projected earnings for the next 12 months.While Lululemon stock has floundered, one of the company's Burry is betting against - Nvidia  - just reached a 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to Watch: SpaceX, Nvidia, Lamb Weston","url":"https://stock-news.laohu8.com/highlight/detail?id=2673030332","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2673030332?lang=en_us&edition=fundamental","pubTime":"2026-10-06 17:24","pubTimestamp":1791278640,"startTime":"0","endTime":"0","summary":"SpaceX : The rocket company's stock rose in brisk premarket trading, extending a recent surge. The rally has made Elon Musk a trillionaire once again, according to Forbes.Nvidia : Shares of the chip company rose again before the bell, after closing at a new all-time high on Monday for the first time since May.Informa : Shares in the live events company rose 4% after it announced plans to separate its academic publishing business and buy rival Clarion Events in a deal valued at almost $3 billion.French-fry maker Lamb Weston  is due to report earnings before the bell, followed by drinks company Constellation Brands  after the 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S&P 500 is Facing Rate Chaos and Narrow Breadth. 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The chip maker hit an all-time closing high of $298.90 on Monday, powered higher by strong results from its AI server partner Foxconn.Lucid Group edged up 0.2% after the electric vehicle manufacturer said it delivered more vehicles than it produced again in the third quarter. Lucid is trying to reduce inventory as part of an operating reset targeting $1.4 billion in cash flow improvements.Nike dropped 1.3%. The sportswear retailer's shares have taken a battering this year, slumping 47% through Monday's close, and the weak guidance it issued last week failed to reassure investors.Frozen french fries maker Lamb Weston and coatings and sealants company RPM International are set to report earnings ahead of Tuesday's opening bell. 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Kong Stocks Rise as Tech Rally, Lower Oil Support Sentiment; Pan Asia Data Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=2673224032","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2673224032?lang=en_us&edition=fundamental","pubTime":"2026-10-06 16:33","pubTimestamp":1791275605,"startTime":"0","endTime":"0","summary":"Hong Kong stocks closed higher Tuesday as a tech-led rally on Wall Street and lower oil prices supported risk appetite.The Hang Seng Index rose 240.22 points, or 1%, to close at 24,280.56, while the Hang Seng China Enterprises Index gained 77.30 points, or 1%, to finish at 8,128.97.Technology shares gained after the Nasdaq hit a record close, with Nvidia up 2.1% to a record high amid continued optimism about artificial intelligence and expectations of strong earnings growth from AI-related companies.Gulf oil flows excluding Iran rose to more than 81% of pre-war levels last month, while the Group of 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