While stocks opened narrowly mixed on Thursday--due to mixed unemployment data, quarterly reports, and the European Central Bank’s decision to extend its quantitative easing program through December 2017—Wall Street smashed closing records for the fourth day in a row and for the 13th time since Election Day.
Athleisure giant Lululemon Athletica LULU surged over 15% on strong Q3 earnings, one of the biggest movers of the day, while Goldman Sachs GS and Walt Disney Co. DIS were the best performers on the Dow.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: YY Inc. YY +7.34%
Growth: Cognex Corp. CGNX +7.75%
Income: Natural Resource LP NRP +4.60%
DOW: 19,614.36 / 65.05 / 0.33%
NASDAQ: 5,417.36 / 23.59 / 0.44%
S&P 500: 2,246.18 / 4.43 / 0.22%
Here’s Why Lululemon (LULU) Stock is Soaring Today
Lululemon was up 16.5% at one point Thursday as the effects of its strong Q3 earnings results continue to linger. The athleisure company posted beats on both its top and bottom lines, and noted that Black Friday and Cyber Monday sales were up 16% and 29% year-over-year, respectively.
Walmart to Invest $1.3 Billion in Mexico, Adds 10,000 New Jobs
Walmart’s WMT Mexico-based subsidiary Wal-Mart de Mexico announced it would invest $1.3 billion in the country, boosting the company’s logistics infrastructure like building new distribution centers and expanding present ones. This will create 10,000 new jobs.
Bank of America (BAC) Hits 8-Year High on Continued Rally
Shares of the nation’s second-biggest bank, Bank of America BAC, were on a roll Thursday and hit an 8-year high of $23.24 per share. If the Fed decides to hike interest rates this month, Bank of America will likely feel some positive after-effects.
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BANK OF AMER CP (BAC): Free Stock Analysis Report
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