LULU - These 2 Stocks Will Lift the Nasdaq Friday
Investors came into Friday morning's stock market trading session on a positive note, reversing several weeks of downward pressure on the Nasdaq Composite (NASDAQINDEX: ^IXIC) and other major market indexes. News that the U.S. economy had created 315,000 jobs in August seemed to hit the sweet spot in many market participants' minds, showing solid gains in the workforce but also perhaps constraining the Federal Reserve from being too aggressive with future interest rate increases. As of 9 a.m. ET, Nasdaq futures had risen about half a percent.
Investors who like to focus on business fundamentals also got good news. A strong financial report from a key player on the Nasdaq and a takeover bid for a smaller company helped bolster the projected gains for the index. Below, you'll learn more about why Lululemon Athletica (NASDAQ: LULU) and Hollysys Automation Technologies (NASDAQ: HOLI) were making big moves higher on Friday.
Shares of Lululemon Athletica jumped nearly 10% in premarket trading on Friday morning. The yoga retailer and maker of other athletic apparel released its latest results late Thursday, and investors were impressed by the staying power of the company even in the face of pressures on multiple fronts.
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These 2 Stocks Will Lift the Nasdaq Friday