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Home / Business / Why Ulta Beauty, Broadcom and Aurora Cannabis jumped today – The Motley Fool

Why Ulta Beauty, Broadcom and Aurora Cannabis jumped today – The Motley Fool



Another positive session on Wall Street took place on Friday, and the Dow Jones Industrial Average posted triple-digit gains and other important stock indices, which also made solid gains. Despite some weak government figures about the state of the US manufacturing sector, investors appeared to be getting rid of encouraging signs of progress on the trade front and good news from some high-profile companies. The result was also a major factor in market sentiment. Ulta Beauty (NASDAQ: ULTA) Broadcom (NASDAQ: AVGO) and Aurora Cannabis (NYSE: ACB) were among the top performers. That's why they did so well.

Ulta looks beautiful

Ulta Beauty shares rose 8% after the cosmetics and salon chain reported fourth quarter financial results. Ulta said sales were nearly 1

0% higher than last year, despite a week less, and comparable sales were up 9.4%. The increased traffic was primarily responsible for profits, but Ulta said that customers also tended to spend a little more and the company was convinced by its e-commerce business despite the great value of its in-store salons. With a forecast for the coming year that demanded double-digit sales growth and continued online profits, Ulta never looked better with investors.

<img alt = "Lipstick, powder and people in a salon under the heading We Are Ulta Beauty." Image source: Ulta Beauty.

Broadcom overcomes lethargy in China

Broadcom recorded after the release of its financial report The technology solutions provider announced that its revenue was up 9% year-on-year and adjusted net income from continuing operations increased slightly over the same period, while Broadcom saw an extreme weakness in the semiconductor solutions business China's slowdown in growth was responsible for some of the challenges faced by part of the company, but infrastructure software revenue has quadrupled in the last 12 months, and CEO Hock Tan has left shareholders optimistic that Broadcom will be able to is going to go through the cyclical ups and downs in the mobile industry

Aurora shines

Finally, Aurora cannabis stocks rose 7%. The Canadian cannabis company received positive comments from Cowen analysts, who reiterated their previous outperformance on the stock. Earlier this week, it was announced that billionaire activist investor Nelson Peltz had acted as a consultant. Aurora was supposed to help Aurora advance a course, and Aurora's leadership in cannabis production gives him the edge that few rivals can get close together. If Peltz brings a high-profile partner to the table, Aurora could look even more attractive to investors.


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