e.l.f. Beauty, Inc. Stock News

OAKLAND, Calif.--(BUSINESS WIRE)--Offering its hard-hitting support for equality and inclusivity, e.l.f. (NYSE: ELF) announced today that it is joining forces with the Billie Jean King Cup by Gainbridge (BJKC), the women's world cup of tennis, in a new multi-year global partnership. e.l.f. is the exclusive skin and cosmetic partner of the BJKC, the world's largest annual international team comp...

E.l.f. Beauty has done a great job taking market share and has a lot more growth ahead of it. Nike has set a low bar that it should be able to jump over, helped by the Olympics.

E.l.f. Beauty showed tremendous revenue growth in its fiscal Q1. While the company raised its full-year guidance, investors were expecting an even bigger increase.

Whether the product of genuine market forces or psychology, the September Effect — the tendency for September to be, on average, the worst month of the year for the market — can have a very real impact. Couple that with mounting fears of a recession, and things get even more uncertain for investors as the summer reaches a close.

The market has been in pullback mode since mid-July, with the correction accelerating as the yen carry trade unwound. Despite a bounce from Aug. 5 lows, the S&P 500 is still down over 5% from its highs, while most growth stocks have corrected by double-digit percentages.

There are plenty of great stocks to buy on the dip right now. The market volatility that has been ongoing since July, coupled with overreactions to second-quarter financial results, have pushed the share prices of some great companies down to attractive levels.

Shares of e.l.f. Beauty (ELF) tumbled on Friday after the cosmetics and beauty products maker gave a weaker-than-expected outlook after posting a monster quarter.

E.l.f. Beauty stock recovered along with the broad market but then dropped on earnings. The company is growing quickly and doing well internationally.