Closing Bell: Fertilizer Stocks Jump, Eli Lilly Gains, Lululemon Earnings
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- The Mosaic Company (MOS) is up by 6% at the close. Fertilizer stocks jumped after Ukraine said drones had hit two fertilizer plants in western Russia, on concerns that geopolitical tensions will affect supply chains for key crop nutrients.
- Eli Lilly (LLY) finished 1.58% higher. A late-stage study showed that a next-generation obesity shot helped patients lose almost a quarter of their body weight, potentially making the experimental drug the most potent weight-loss medicine yet.
- Lululemon (LULU) is spiked as much as 8% afterhours. The company released earnings and boosted its full year EPS guidance. They also announced that CEO Calvin McDonald will step down.
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