What Caught Our Attention in the Investment World? – Week of August 26-30, 2019

By Anil K. Ambastha and Kuldip K. Ambastha

As the second-quarter earnings reporting period is coming to a close, in this past week the market was not impressed with cosmetic retailer Ulta Beauty (ULTA). The company’s lowered second-half guidance generated multiple analyst downgrades, and the stock dropped by 29.6% on Friday, August 30th, marking its largest-ever single-day percentage decline. The stock is now at about an 8-month low price.

Keywords – Second-quarter, Earnings, Cosmetics, Retailer, Guidance.

Disclosure – The principals of Ambastha Financial LLC have no position in ULTA.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2019 – Ambastha Financial LLC.

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