Today's Hot Stocks To Watch: COO, DLTR, and MDB
The decline in shares of MongoDB (MDB) potentially ended. Shares peaked in December 2024 at over $360. The descent accelerated when the firm posted quarterly results in March.Earlier this week MongoDB posted first-quarter revenue momentum. Revenue increased by 22% Y/Y to $549 million. Adjusted EPS was $1.06. MongoDB Atlas drove revenue after it rose by 26% Y/Y. Short-sellers who bet against the stock at $180 - $200 made a costly mistake. MDB stock closed at $225.38.In retail, Dollar Tree (DLTR) erased most of Wednesday’s loss. Shares gained 9.08% after J.P. Morgan praised the company for its tariff mitigation efforts. The analyst, Matthew Boss, thinks those efforts will more than offset short-term costs. As a result, shareholders should expect the company to achieve EPS growth in the double-digit percentage.Cooper Companies (COO) is forming a bottom this week. The stock gained 5.58% to close at $71.18. In the second quarter, organic revenue grew by 7%. Demand for its daily silicone hydrogel lens and the strong performance in the surgical portfolio are catalysts.Investors may also consider Alcon (ALC).Watch for Cooper Companies to work down their excess inventory. Customers, retailers, and distributors are careful with their spending levels.
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