Jim Cramer Says Lululemon 'May Have Bottomed' After Nearly 50% Drop This Year, Strongly Confident About Dell As Stock Surges Over 3% In After-Hours Trading
Portfolio Pulse from Benzinga Neuro
Jim Cramer expressed optimism about Lululemon and Dell, suggesting Lululemon may have bottomed after a significant drop and showing confidence in Dell as its stock surged in after-hours trading. Lululemon reported a revenue miss but an earnings beat, while Dell exceeded both revenue and earnings expectations.
August 30, 2024 | 4:20 am
News sentiment analysis
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POSITIVE IMPACT
Dell's stock surged over 3% in after-hours trading following a strong earnings report, exceeding both revenue and earnings expectations.
Dell's strong earnings performance and Cramer's positive comments are likely to drive short-term stock price increases.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Lululemon's stock may have bottomed after a nearly 50% drop this year. Despite a revenue miss, the company beat earnings expectations, with strong international growth.
Jim Cramer's optimism and the earnings beat suggest potential recovery. The stock's after-hours surge indicates positive investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90