Dow closes at record high; Dell, Lululemon, Autodesk, and MongoDB beat Q2 earnings

From Nasdaq: 2024-08-29 17:51:00

In the latest trading session, the Dow closed at a record high of 41,335, gaining +243 points. Meanwhile, the S&P 500 remained flat, the Nasdaq slipped -0.23%, and the Russell 2000 gained +0.73%. Notable earnings reports include Lululemon beating earnings but missing revenue estimates, and Autodesk surpassing expectations on both earnings and sales.

Other strong earnings reports include Dell beating expectations on earnings and sales, Marvell Technology outperforming estimates, and MongoDB experiencing a significant boost in share price after a massive earnings beat. However, Ulta Beauty missed estimates on both top and bottom lines, leading to a -7% drop in after-market trading.

For investors looking for potential home runs, Zacks has identified 5 stocks set to double in 2024. Most of these picks are flying under Wall Street’s radar, providing a promising opportunity for significant gains. Stocks highlighted in the report include Dell Technologies, NVIDIA Corporation, Autodesk, Ulta Beauty, Marvell Technology, Lululemon Athletica, and MongoDB.

For more information and to read the full article, visit Zacks.com.



Read more at Nasdaq: Dow Posts New High Close; DELL, LULU, ADSK and MDB Beat in Q2