This was yesterday-- Butterfly Network, Inc. (BFLY)- This looks very interesting... $26.30+3.80 (+16.89%)<-------------- At close: February 17 4:00PM EST 26.25-0.05 (-0.19%) Pre-Market:8:18AM EST
Really? That'll be good for ET then. Except Elizabeth Warren is on the 'warpath' today. She might even subpoena Stoney here later this week. Hey Stoney, you got a moose suit to wear if you get called in?
Coty Stock Tumbled This Week. It’s Time to Buy. Updated Feb. 13, 2021 1:25 pm ET / Original Feb. 12, 2021 8:55 pm ET Barron's Newsletters The Barron's Daily Kylie Cosmetics is one of Coty’s well-known brands. It’s not every day a company slumps after releasing earnings and Wall Street walks away more confident than before. That seems to be the case with Coty. Coty (ticker: COTY) hasn’t had an easy time of late. The parent company of Cover Girl, Kylie, Max Factor, and other well-known beauty brands has had too much debt, too little growth, and too many CEOs since the start of 2020. The Covid-19 pandemic hit its consumer brands hard, and the stock, down 38% last year, was removed from the S&P 500. Still, things appeared to be turning a corner under CEO Sue Nabi, who took over in September, helping Coty rally 88% since the end of August. Then it reported second-quarter earnings. They weren’t so terrible: a profit of 17 cents a share, beating analyst forecasts for seven cents, though sales of $1.42 billion were a touch light compared with the $1.43 billion consensus. Yet the stock plunged 15% on Tuesday, the day results were released, before closing the week down 11% at $6.78. What caused the meltdown? Some of it was surely high expectations—Coty stock had gained 25% in the six days before the release. But there was more than that, explains Citigroup analyst Wendy Nicholson, who rates the stock a Buy. Sales from the Kylie brand—Coty paid $600 million for a 51% stake in the company last year—flatlined. Like-for-like sales growth, which Nicholson expects to grow by 4% in Coty’s fiscal third quarter, is sluggish, especially compared with competitors like Estée Lauder (EL) and Inter Parfums (IPAR). Guidance for $750 million in second-half earnings before interest, taxes, depreciation, and amortization “might have looked light to some,” Nicholson says. Still, she remains optimistic about Coty’s prospects. “We view the share price weakness following today’s print as an attractive buying opportunity and reiterate our Buy rating,” Nicholson wrote after the results. Even better, Evercore ISI analyst Robert Ottenstein upgraded Coty shares to Outperform from In Line. He cited accelerating growth in its fragrances division, which makes up more than 50% of sales, and growth in online, which now makes up 19% of sales and is closing the gap with Estée Lauder, which gets a quarter of its sales from the web. Ottenstein also cited continued growth in China and the company’s plans to cut costs by $300 million in 2021. But the upgrade really came down to one thing: an upgrade in management. Writes Ottenstein, who put a $10 price target on the stock, up more than 40% from Friday’s $6.78 close, “CEO Sue Nabi...has quickly attracted high quality talent to unlock the value trapped in Coty’s brands.
Alright you guys better be watching the film clips... I already posted this one once-- Here is the new CEO again and I don't know if it's just me or I just watched this documentary about a trans guy... I see this as a big positive.. but is Sue Nabi a man? And if so how cool for this analyst to have an upbeat assessment of the new CEO without mentioning that.. If it is that... What do you think?
Yeah, she might need to have those vocal chords shortened a little. Hey I see Charles Schwab is hitting an all-time high this morning. I gotta give that guy on CNBC credit. Josh Brown. I like him. He's been standing behind the Schwab trade since it was in the $30's. Adding more on dips. It's $61 now. Ditto Shake-Shack. That thing just goes up. He's been behind it for years.
Can You Imagine stonedinvestor vs Kitty Wax? Elizabeth Warren: Mr stoned investor? Is that right? Yes Sir. EW: Excuse me? I'm sorry Yes Mam!...I just saw this documentary about a trans guy forgive me.. It was about the Dale a 3 wheeled car. EW: A 3 Wheeled Car? Yes Ma'm EW: But you are here to testify against Kitty Paws Is that correct.? I am against everyone on the internet who uses Kitty as a surname... EW: What do you think should happen to Robin Hood Investors? They need help. My son is 17 and he has a friend in Brooklyn who has been buying virtual currency called Dodji Coin and he is buying it for free through Robin Hood. He also bought stock in Nokia. He knows nothing about anything-- it has become a game likes sports gambling. And now kids that are supposed to be virtual learning are instead buying stock and options for free. EW: What should we do? All trades should be $10. And Options should cost more. EW: Ok good idea... is there anything else you would like to say. In 1984 a UFO was spotted above I 84 Watterbury Ct. A clear picture was taken. I would like that UFO to return. EW: You may step down sir....
BCOV-- Am I diversified? Asian guy 8 seconds in when they say we have bright people.... White girls are a bit on the ugly side. 13 seconds freeze that frame and in the back round blurred out... may be an Black guy... maybe... 19 seconds Black girl! But she has an accent... I'm sorry...Not real enough... Here comes an Indian guy at 30 sec mark... Japanese guy 40 seconds... This is looking up... After this video I have no idea what these guys do! Brightcove price target raised to $27 from $20 at Lake Street » 08:29
Humm SXSW Partner! Lets Wake Up with Cheddar!!!! In the last seven months, the need for high-quality, secure video has skyrocketed as businesses continue to manage operations from home, and major events turn digital. Online video platform Brightcove is one company benefiting from this new virtual lifestyle and has just been selected as the official partner to host SXSW 2021. Jeff Ray, CEO of Brightcove, joined Wake Up With Cheddar...