How will we know if we are OK with the stocks we own? I want you to learn how to size up your companies by asking what they are levered to, what matters to them. This concept of levered is not about debt. It’s about figuring out what exposure these company have to key issues … Read more
E.l.f Beauty products. Courtesy: e.l.f Beauty E.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer’s shares fell as it said it expects its growth to slow. The eyes, lip, face company, known for its viral marketing and prowess in winning over younger consumers, issued guidance that came … Read more
The bulls got what they wanted this week: cooler inflation data and record highs. The Dow Jones Industrial Average on Friday closed above 40,000 for the first time, capping off a 1.24% advance for the week. The S & P 500 and Nasdaq Composite , meanwhile, closed at all-time highs Wednesday, fueled by cooler-than-expected inflation … Read more
As Ulta Beauty says it expects a slowdown in retail’s most resilient category, an upstart says it’s bucking the trend. Oddity Tech – the newly public Israeli cosmetics platform that uses AI to develop products — posted first quarter results that blew past expectations and raised its full-year guidance. Here’s how the beauty retailer behind … Read more
Is the stock market rally here to stay after April’s terrible month? With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. The main economic update came Friday in the form of a weaker-than-expected April nonfarm payrolls growth. With the … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market check: Stocks surged Wednesday afternoon … Read more
The major U.S. stock indexes closed higher for the week, with the S & P 500 and Nasdaq Composite breaking multiweek losing streaks. Earnings drove the action, despite some less-than-ideal macroeconomic reports on economic growth and inflation. Meta Platforms ‘ report gave the market a bit of a scare Wednesday night, contributing to Thursday’s declines … Read more
Who better than teenagers to know what’s trendy? Piper Sandler has released the spring edition of its semiannual “Taking Stock With Teens Survey,” with solid results for several names in our portfolio. We love scanning the report, which looks at a wide swath of Generation Z, roughly defined as people aged 11 to 26. In … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Good news is good news: The … Read more
People walk past an Ulta Beauty store in the Manhattan borough of New York City, New York, U.S., March 8, 2022. Carlo Allegri | Reuters Ulta Beauty shares tumbled about 13% on Wednesday as CEO Dave Kimbell warned of cooling demand for beauty products. Other stocks in the segment, including E.L.F. Beauty, Estee Lauder and … Read more
