Nasdaq Climbs on Lululemon Love, Tesla's All-Time High
The Nasdaq had a good Tuesday, celebrating an upbeat mood among investors. Many high-profile tech stocks rebounded from modest pullbacks in previous sessions. By the end of the day, the Nasdaq Composite (NASDAQINDEX: ^IXIC) and the Nasdaq 100 were up between 1% and 2%.
The advance for the Nasdaq was broad-based, but there were still a couple of stocks that stood out. Athletic apparel specialist lululemon athletica (NASDAQ: LULU) made a smart strategic move to try to maintain its positive momentum in recent months. Even better, Tesla (NASDAQ: TSLA) made an end-of-quarter push toward profitability, with a spot in the S&P 500 index potentially at stake for the electric vehicle maker.
Tesla celebrated its 10th anniversary as a publicly traded stock, and it's been nearly a 60-bagger for early investors who were fortunate enough to be able to participate in the IPO and pick up stock at $17 per share. Along the way, the company has proven that it can take what originally was a concept car with limited manufacturing capacity and turn it into a mass-production vehicle that combines function and style. Thousands of loyal customers and millions of fans have helped turn Tesla into what it is today.
Source Fool.com
