Aesthetics Firm Trims Hair Unit, Grows 60%

Author

Adam Garcia
June 06, 2025

An EV giant is rebounding after a political dust-up wiped $152B off its value, an athleisure brand is stumbling 21% as tariff fears weigh on its guidance, and a beauty-tech firm is surging 60% after selling off its hair unit. Here’s what you need to know to start your day.

Crypto Insider Intel (Sponsored)

Bitcoin is booming. ETFs are breaking records.

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Futures 📈

What to Watch

Earnings:

  • Children's Place Inc. [PLCE]: Aftermarket

Economic Reports:

  • U.S. Employment Report [May]: 8:30 am

  • U.S. Unemployment Rate [May]: 8:30 am

  • U.S. Hourly Wages [May]: 8:30 am

  • Hourly Wages [Year-over-Year]: 8:30 am

  • Consumer Credit [April]: 3:00 pm

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Automobiles

Tesla Shares Rebound 4.7% After $152B Meltdown

Tesla (NASDAQ: TSLA) shares are up 4.7% in today’s premarket session, clawing back some ground after a sharp sell-off triggered by a public dispute between CEO Elon Musk and President Donald Trump.

Thursday’s confrontation led to a staggering $152 billion in market value being erased from the electric vehicle maker, marking one of its most dramatic single-day drops in recent history.

The clash stemmed from Musk’s harsh criticism of Trump’s flagship tax proposal, which he labeled a “disgusting abomination.” In response, Trump threatened to reconsider federal support for Musk-linked ventures, souring what had once been a high-profile alliance.

Despite the political friction, early Friday trading hinted at market resilience. Analysts suggested that while the drama introduces uncertainty around regulatory cooperation, the long-term outlook for Tesla remains strong, particularly in areas like autonomy and global EV expansion.

The situation remains fluid, but some investors are betting the fallout between Musk and Trump could cool, especially given their past collaboration on government cost-cutting efforts.

Athleisure

Tariffs Trip Up Lululemon as Shares Dive 21%

Shares of Lululemon Athletica (NASDAQ: LULU) are down over 21% in premarket trading after the company cut its full-year earnings guidance, citing consumer hesitancy tied to trade tariffs.

The athleisure giant now anticipates annual earnings per share between $14.58 and $14.78, down from its earlier estimate of $14.95 to $15.15.

The outlook revision comes as uncertainty surrounding U.S. tariffs—particularly on imports from Vietnam, where 40% of Lululemon’s products were made last year—continues to weigh on spending behavior. Though those tariffs are currently paused, leadership said the pricing environment remains volatile.

Despite a first-quarter revenue beat at $2.37 billion, same-store sales disappointed analysts, and guidance for the second quarter also came in below expectations.

Lululemon projects Q2 earnings of $2.85 to $2.90 per share on revenue of $2.535 to $2.56 billion—both trailing Wall Street forecasts.

The company highlighted early traction with its new offerings like Glow Up and Daydrift, but analysts remain skeptical. Some suggest brand fatigue is setting in, particularly in the U.S., where Lululemon faces growing pressure from newer, celebrity-backed labels.

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Apparel

G-III Builds Future Around Owned Brands, Cuts Forecast Amid Uncertainty

G-III Apparel Group (NASDAQ: GIII) posted improved first-quarter profits despite a drop in revenue, signaling progress in reshaping its brand portfolio amid industry headwinds. Shares of the apparel maker are up 2.6% in premarket trade today.

Revenue for the quarter declined 4% year over year to $583.6 million, as the company adjusts to losing licenses for Calvin Klein and Tommy Hilfiger, now returning to PVH Corp (NYSE: PVH).

However, net income rose to $7.8 million, or $0.17 per diluted share, from $5.8 million a year earlier. Adjusted EPS came in at $0.19, up from $0.12.

CEO Morris Goldfarb pointed to growth in proprietary labels like Donna Karan and Karl Lagerfeld as a key driver. G-III is expanding Donna Karan into premium department stores such as Nordstrom and Saks, aiming to eventually scale the brand to $1 billion in annual sales.

The company is emphasizing a move away from discount channels to preserve brand equity and margins. To mitigate trade war risks, G-III has shifted the bulk of its production out of China, which will account for less than 20% of sourcing by year-end. Total debt fell sharply to $18.7 million, down 96% after repaying $400 million in notes last year.

While G-III reaffirmed its sales outlook of $3.14 billion, it withdrew its profit forecast due to macroeconomic uncertainty and ongoing tariff impacts.

Movers and Shakers

Venus Concept Inc. [VERO] - Last Close: $2.39

Venus Concept Inc. is a global medical aesthetics technology firm offering devices like Venus Versa and ARTAS hair restoration systems. The firm has been struggling with profitability and is currently down by 44% YTD.

However, it is up more than 60% in premarket today on news of a $20 million cash sale of its Venus Hair division to Meta Healthcare, streamlining operations and bolstering the company’s balance sheet ahead of a strategic shift.

My Take: The divestiture is a smart pivot toward focusing on higher-margin aesthetics devices and enhancing financial stability. Still, Venus Concept will need consistent revenue growth from its core business to grow. Keep an eye on this stock.

Rent the Runway, Inc. [RENT] - Last Close: $6.74

Rent the Runway, Inc. is a fashion rental subscription platform that allows users to rent designer clothing and accessories.

The firm is currently unprofitable and its stock has plunged about 52% year-to-date. However, its shares are surging +22.40% in premarket trading after the company reported improved operating cash flow and outlined growth initiatives like new brand partnerships and inventory strategy to enhance customer retention.

My Take: While Rent the Runway’s cash flow improvement and strategic pivot toward stronger inventory and brand mix are encouraging, the path to sustainable profitability is still not clear. Keep this stock on your wait and watch list for now.

Quanex Building Products [NX] - Last Close: $17.09

Quanex Building Products is a supplier of window, door, and cabinet components serving North America and Europe. It has a solid revenue stream but is struggling with profitability in recent quarters.

Its stock is down roughly 30% YTD but is rising 17% in premarket today following Q2 results that beat revenue and earnings expectations, alongside the reiteration of full-year revenue guidance of $1.84–1.86 billion.

My Take: With strong top-line growth driven by a rebound in housing-related demand and continued earnings beats, Quanex seems to be executing well—but investors should watch for margin sustainability.

Altcoin Predictions (Sponsored)

Bitcoin is booming. ETFs are breaking records.

But the world’s top crypto minds say this is only the beginning.

An exclusive summit just opened access to 27 crypto insiders—including Tether’s co-creator and top fund managers—to share altcoin plays, ETF windfall predictions, and real-time market moves.

This exclusive summit offers rare insight into where the smart money is headed next.

Everything Else

That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.

Best Regards,

— Adam Garcia
Elite Trade Club

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