Group 1: Ulta Beauty - Ulta Beauty is a leading beauty retailer in the United States, offering a wide range of products including cosmetics, fragrance, skincare, hair care, bath and body products, and salon styling tools [1] - The company has a Zacks Rank of 1 (Strong Buy) and has seen a 4.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Ulta Beauty's shares gained 11% over the last three months, outperforming the S&P 500's gain of 3.1%, and possesses a Momentum Score of A [2] Group 2: UiPath - UiPath provides an end-to-end platform for automation, combining Robotic Process Automation solutions for digital business operations [2] - The company also holds a Zacks Rank of 1 and has experienced a 3.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - UiPath's shares increased by 24.5% over the last three months, significantly outperforming the S&P 500's gain of 3.1%, and has a Momentum Score of A [3] Group 3: Slide Insurance Holdings, Inc. - Slide Insurance engages in underwriting single-family and condominium policies in the property and casualty industry primarily in the United States [3] - The company has a Zacks Rank of 1 and has seen a substantial 21% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Slide Insurance's shares rose by 23.9% over the last three months, again outperforming the S&P 500's gain of 3.1%, and possesses a Momentum Score of B [4]

Group 1: Company Performance - Hardman Johnston Global Advisors reported that its portfolio underperformed in Q3 2025, returning 5.02% net of fees compared to 7.62% for the MSCI AC World Net Index [1] - The Estée Lauder Companies Inc. (NYSE:EL) experienced a one-month return of 13.66% and a 52-week gain of 45.10%, closing at $107.65 per share with a market capitalization of $38.793 billion on December 26, 2025 [2] - The Estée Lauder Companies Inc. saw a 3% year-over-year increase in net sales in Q3 2025, driven by double-digit growth in fragrance and modest low single-digit growth in skincare [4] Group 2: Investment Thesis - The investment thesis for The Estée Lauder Companies Inc. is supported by solid industry dynamics, with global beauty growing mid-single digits and luxury beauty growing faster [3] - The company is implementing "self-help" measures, recovering approximately 600 basis points in gross margin and over 1,000 basis points in operating margin, which is expected to drive strong double-digit earnings growth [3] - Despite the potential of The Estée Lauder Companies Inc. as an investment, there are opinions that certain AI stocks may offer greater upside potential and carry less downside risk [4] Group 3: Market Position - The Estée Lauder Companies Inc. is not among the 30 most popular stocks among hedge funds, with 45 hedge fund portfolios holding the stock at the end of Q3 2025, down from 48 in the previous quarter [4] - The company is recognized as a leading player in a structurally attractive beauty industry that has been under-managed in recent years [3]

Group 1 - Tokyo Lifestyle Co., Ltd. announced an interim dividend of JPY 1.890 per share for the fiscal year ending March 31, 2026, which was paid on December 19, 2025, to shareholders of record as of September 30, 2025 [1] - The company operates as a retailer and wholesaler of various products including Japanese beauty and health products, sundry products, luxury products, electronic products, collectible cards, and trendy toys across multiple regions including Hong Kong, Japan, North America, Thailand, Vietnam, the United Kingdom, and Australia [2] - Tokyo Lifestyle sells its products through directly-operated physical stores, online stores, and to franchise stores and wholesale customers [2]

All right, welcome back everybody. Black Friday is in full swing this morning and our next guest is powering many of those sales. Harley Finkelstein is the president of Shopify.And Harley, thank you for coming in today. >> Great to be here. >> You've got data that is not just up to the hour, but up to the almost minute.>> We do. Yeah, we have we have uh minute minutes to minute data. Right now, as we talked about, we have about 12% of all US e-commerce on Shopify.Obviously, most people think that we support ...

Core Insights - Elf Beauty forecasted annual sales and profit below Wall Street estimates due to higher tariff costs and cautious consumer spending, resulting in a 26% drop in shares during extended trading [1] - The company missed expectations for second quarter sales and provided a fiscal 2026 forecast after previously pulling it in May [1] Financial Performance - Elf Beauty expects over $50 million in annual costs from higher U.S. tariffs on imports in fiscal 2026, with China accounting for about 75% of its global production [2] - Gross margin fell approximately 165 basis points to 69% for the quarter ended September 30 [2] - Quarterly adjusted earnings per share were 68 cents, exceeding estimates of 57 cents, following a $1 price increase in August, with no additional price increases planned [3] - Quarterly sales totaled $343.9 million, missing expectations of $366.4 million [4] Market Position and Strategy - The company is streamlining its supply chain and diversifying operations to mitigate tariff impacts, as lower-income shoppers are seeking cheaper alternatives and reducing non-essential purchases [3] - CEO Tarang Amin noted a lack of major product launches compared to the previous year, which had significant success with lip oils [5] Future Outlook - Full-year net sales are expected to be between $1.55 billion and $1.57 billion, below analysts' estimates of $1.65 billion [6] - Adjusted profit is estimated to be in the range of $2.80 to $2.85 per share, also below estimates of $3.58 per share [6]

Core Insights - Ulta Beauty, Inc. is recognized as the largest beauty retailer in the US, operating a network of 1,400 stores that also function as salons [1][2] - Despite a challenging retail environment, Ulta Beauty was nearing new highs recently but has since experienced a significant pullback [1] Company Overview - Ulta Beauty provides a wide range of products including cosmetics, skincare, haircare, and fragrances, along with in-store beauty services such as hair, makeup, brow, and skin treatments [2] Market Position - The company is noted for its resilience in the retail sector, with a focus on escaping the gravitational pull of broader market challenges [1]

Core Viewpoint - Estée Lauder's stock has experienced a significant decline, dropping 6% in the past week and continuing a downward trend due to a reported 12% year-over-year decrease in fourth-quarter net sales and a profit forecast below analyst estimates [2][3] Financial Performance - The company has lost approximately $1.9 billion in market value over the past five days, bringing its current market capitalization to around $30 billion [3] - Despite the recent losses, Estée Lauder's stock remains 13.1% higher than its level at the end of 2024, while the S&P 500 has gained 11.9% year-to-date [3] Market Sentiment - The ongoing losing streak in Estée Lauder's stock has not inspired much investor confidence, indicating potential deeper concerns or changing sentiment in the market [6][8] - The company warned of a potential $100 million impact from tariffs, contributing to investor wariness [2] Product Portfolio - Estée Lauder offers a wide range of products, including skincare, makeup, fragrance, and hair care items, which are sold globally [4]

Group 1 - The article initiates coverage on Ulta Beauty (NASDAQ: ULTA) with a Buy rating and a price target of $432.81, highlighting it as the largest dedicated beauty retail network in the U.S. with over 1,300 stores and strong digital channels [1] - Ulta Beauty offers a range of products and services including cosmetics, skincare, salon services, and private-label products, indicating a diversified business model [1] - Moretus Research employs a structured framework to identify companies with durable business models and mispriced cash flow potential, focusing on U.S. public markets [1] Group 2 - The research emphasizes rigorous fundamental analysis combined with a judgment-driven process, aiming to provide clarity and actionable insights for investors [1] - Valuation methods are based on sector-relevant multiples tailored to each company's business model, emphasizing comparability and simplicity [1] - Moretus Research targets underappreciated companies undergoing structural changes or temporary dislocations, which can lead to asymmetric returns for investors [1]

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on September 20, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CANOPY GROWTH CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Yariv Katz Keith Pisani Paul Hastings LLP 200 Park Avenue New York, NY 10166 (212) 318-6000 Jonathan Sherman Tayyaba ...

Table of Contents As filed with the Securities and Exchange Commission on July 19, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CANOPY GROWTH CORPORATION (Exact name of registrant as specified in its charter) Canada 2833 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial (I.R.S. Employer Identification Number) Classification Code Number) 1 Hershe ...