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Tag: EL

  • Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    Stock markets recovered strongly from the price dip at the end of January last week. In New York, the indices even managed to set new all-time highs on the boards. On Friday, the S&P 500 closed 0.39% higher at 3,886 points and the Nasdaq celebrated the weekend with a gain of 0.57% on 13,856 points.

    The unemployment figures on Friday showed that the labor market is slowly but surely going to recover somewhat. In January, 49,000 jobs were added in the private sector and the unemployment rate fell to 6.3%. Wall Street had previously expected more jobs, but economists assumed an unchanged unemployment rate at 6.7%. Still, the numbers were not very positive. Unemployment fell mainly because 406,000 people gave up their job search. The participation rate thus fell to 61.4%. This is a bad sign and indicates that the US job market is in bad shape.

    To support the US economy, Joe Biden is currently preparing a $ 1,900 billion corona support package. The package includes $ 1,400 in incentive vouchers, supplemental unemployment benefits, and Covid-19 vaccination and testing funds. Treasury Secretary Janet Yellen said on Sunday that if Biden’s stimulus plan is passed, the US could return to full employment by 2022.

    The S&P 500 nevertheless managed to close in the green for five days in a row and appears to continue this series today. Futures are up approximately 0.4% and there is little on the agenda to change that. Figures from Twitter, Uber, Walt Disney, and Coca-Cola will follow later this week. Furthermore, inflation figures from the US, China, and Germany are on the agenda.

    Today Top Movers

    Aurora Mobile Ltd (JG) grew over 25.50% at $6.25 in pre-market trading ‎today after declaring a partnership agreement with iQIYI (IQ)‎, to develop a smart advertising and marketing ecosystem. ‎

    Ocugen, Inc (OCGN) stock moved up 68.76 percent to $8.86 in the pre-market ‎trading.‎ The company recently declared a $23 million registered direct offering of common stock priced at a premium to market. ‎

    Westport Fuel Systems Inc (WPRT) gained over 49.13% at $12.90 in pre-market ‎trading on Monday.‎ ‎

    Sundial Growers Inc (SNDL) is up more than 0.88% at $1.14 in pre-market ‎hours ‎Monday ‎February 08, 2021.‎

    Top Upgrades & Downgrades

    RBC Capital turned bullish on The Hershey Company (HSY), upgrading the stock to “Outperform” and assigning a $170.0 price target, representing a potential upside of 15.95% from Friday’s close. 

    The Estee Lauder Companies Inc. (EL) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $310.0, suggesting a 13.59% additional upside for the stock. 

    CorEnergy Infrastructure Trust Inc. (CORR) received an upgrade from analysts at DA Davidson, who also set their one-year price target on the stock to $9.5. They changed their rating on CORR to Neutral from Underperform in a recently issued research note. 

    Earlier Monday Raymond James reduced its rating on Iridium Communications Inc. (IRDM) stock to Market Perform from Outperform. 

    UBS analysts reduced their investment ratings, saying in research reports covered by the media that its rating for ViacomCBS Inc. (VIAC) has been changed to Sell from Neutral. 

    Analysts at BofA downgraded Las Vegas Sands Corp. (LVS)’s stock to Neutral from Buy Monday.

    Latest Insider Activity

    Zomedica Corp. (ZOM) Director MACLEOD CHRISTOPHER ROSS announced the sale of shares taking place on Feb 03 at $1.10 for some 6,400 shares. The total came to more than $7047.

    Zynga Inc. (ZNGA) Director DUGAN REGINA E sold on Feb 04 a total 217,319 shares at $10.27 on average. The insider’s sale generated proceeds of almost $91917.

    Harley-Davidson Inc. (HOG) President and CEO ZEITZ JOCHEN declared the purchase of shares taking place on Feb 04 at $32.47 for some 30,800 shares. The transaction amount was around $1.0 million.

    Amicus Therapeutics Inc. (FOLD) Director WHITMAN BURKE W bought on Feb 01 a total 41,467 shares at $19.09 on average. The purchase cost the insider an estimated $28,637.

  • Top Cosmetics Stocks To Watch In The Stock Market As We Start 2021

    Top Cosmetics Stocks To Watch In The Stock Market As We Start 2021

    The cosmetics company makes a name for itself by making consumer beauty products such as makeups, hair colours, shampoos, lotions, and perfumes. The cosmetics industry has companies which are divided into two main sectors, the consumer staples sector and the consumer discretionary. In fact, the Consumer Discretionary Select Sector SPDR ETF has managed to outperform the broader market last year with a trailing one-year total return of 31.2%. Self-care is high on the list of people’s activities ever since they have been shut in their homes since the start of the pandemic and influencers and beauty gurus have been seeking to grow their makeup portfolio during the pandemic.

    Estee Lauder Companies Inc (NYSE: EL)

    Estee Lauder Companies Inc (EL)‎ is a New York based multinational manufacturing company which produces fragrances, make up, skin care, and hair care products. It was founded in 1946 under Mrs. Estee Lauder who created her personal range of beauty products and the group now has brands such as Tommy Hilfiger, Michael Kors, Bobby Brown, Aramis, and Clinique in its portfolio which give it a large economic moat.

    43 per cent of its revenue is brought in by products distributed to Africa, Europe, and the Middle East. North America and South America bring in a revenue of 31 per cent while a 25 per cent of revenue is brought in by 25 per cent. In the fourth quarter of last year, EL faced a 32 per cent decline which pushed its shared down by 6 per cent in premarket trading but it still a substantial figure when compared with the unfavorable situation created by the pandemic.

    e.l.f. Beauty Inc (NYSE: ELF)

    e.l.f. Beauty Inc (ELF)‎ is a California based manufacturing company which specializes in selling completely vegan and cruelty-free make up and skin care products. While it was established in 2004, the company went public in 2016. It sells its products in retail stores such as Target and Walmart, and online as well.

    Due to the pandemic the company did see a marked decline in retail sales but the loss was somewhat offset due to the increasing amount of online sales and the stock went up by 20 per cent in 2020. In 2020, ELF saw four quarters worth of net sales growth and in the fourth quarter they saw a 16 per cent increase from the past year.

    Beiersdorf Aktiengesellschaft (BEI)

    Beiersdorf Aktiengesellschaft is a Hamburg, Germany, based company which manufactures and distributes consumer goods to Australia, Europe, Asia, America, and Africa. Its consumer business segment offers body care and skin care products. It even has its own research and development department and more than 150 active subsidiaries all over the world. Its brand portfolio consists of brands such as NIVEA and La Prairie and other local and regional companies such as Hansaplast and Hidrofugal.

    In the third quarter of last year, BEI reported an 8.5 per cent year over year decline in sale due to the difficult situation created by the pandemic which led to its stores being closed. But it still managed to maintain a market cap at $25.3 billion with a 38.5 per cent  12 month trailing P/E ratio.