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Breaking Stock News on Elf Beauty, Amazon, and More

e.l.f. Beauty (ELF) shares are in free fall. The stock sold off daily from August 22 through September 10. Buyers emerged in the last four trading sessions but the household and personal products supplier has valuations headwinds.

ELF stock trades at a non-GAAP P/E of 36.56 times. This is 95% higher than the sector median of 18.7 times. Elf’s CEO admits that the cosmetics industry is navigating a rough patch. However, CEO Tarang Amin thinks that it will perform well as it takes the best of beauty and makes it accessible for people’s needs.

The company could face higher input costs from its China suppliers. This is due to the risk of the U.S. increasing tariffs on goods imported from China.

Ulta Beauty (ULTA) shares are rebounding while Estee Lauder Companies (EL) is still trending lower.

The stay-at-home stock bubble will continue to deflate two years later.

Amazon (AMZN) CEO Andy Jassy wants staff to work at the office five days a week. The leader wants its workers to strengthen its corporate culture. That would ensure that Amazon will remain nimble.
Amazon is among the many firms that invested in the cloud to support a 100% remote work environment. Still, this solution will resolve issues with people who had two jobs or were unproductive.