Over the last month, the Cosmetic industry ($JWN, $SBH, $COTY, $UG, $TUP) has witnessed a notable surge of +25.82% in its overall performance.
The Cosmetic sector has experienced a significant increase of +25.82% in its performance over the past month.
Tickers in the industry - $JWN, $SBH, $COTY, $UG, $TUP
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The Cosmetic sector has showcased a remarkable upsurge of +25.82% in its performance over the past month, marking a significant positive shift in the industry. This article delves into the key themes and notable companies within this sector, shedding light on recent price movements and volume trends.
Theme and Notable Companies
The Cosmetic sector encompasses companies that produce cosmetic products ranging from makeup to personal care items like shampoos and soaps. Several of these companies also have a foothold in the pharmaceutical and healthcare domains. Noteworthy participants in this domain include Nordstrom (NYSE: JWN) and Tupperware Brands Corp (NYSE: TUP).
Market Capitalization
The average market capitalization across the cosmetic theme stands at $2.8 billion, with a diverse range of valuations within the sector. The market capitalization of tickers in this group spans from $34.7 million to $9.6 billion, with COTY holding the highest valuation at $9.6 billion, while UG is positioned at the lower end with a valuation of $34.7 million.
Price Movements and Notable News
The past period has seen a mix of price movements within the Cosmetic sector. On a weekly basis, the average price growth was -11.18%. However, over the entire month, the sector experienced a noteworthy average growth of 25.82%. Over the quarter, the sector's performance witnessed a dip with an average price growth of -25.42%. Among the companies, UG saw the highest price growth at -0.81%, while TUP encountered the most substantial fall at -25.07%.
Volume Trends
Volume trends provide valuable insights into market sentiment. The average weekly volume growth across all stocks in the cosmetic theme was -5.82%. However, the monthly volume growth demonstrated a more substantial decline at -58.88%, while the average quarterly volume growth was a positive 3.19%. These fluctuations indicate the dynamic nature of trading activity within the cosmetic sector.
Notable Stock Movements
- Momentum Indicator for UG turns negative, indicating new downward trend
United-Guardian, Inc. (UG) recently observed its Momentum Indicator dipping below the 0 level, potentially heralding a new downward trend. Tickeron's A.I. analysis reveals that in similar instances, stocks often continued to decline. The odds of a decline stand at 71%, with the stock already experiencing a -7% downtrend throughout the last month.
- Momentum Indicator for COTY turns negative, indicating new downward trend
Coty Inc. (COTY) is displaying a similar negative trend, as its Momentum Indicator moved below 0, signaling the potential for a new downward movement. Tickeron's analysis suggests that in similar circumstances, stocks have often gone on to decline further. The odds of a decline are estimated at 80%, with COTY already having undergone an -11% downtrend during the past month.
- SBH in downward trend: 10-day moving average broke below 50-day moving average on August 04, 2023
Sally Beauty Holdings Inc. (SBH) saw its 10-day moving average cross below the 50-day moving average, indicative of a shift in trend toward a downward trajectory. While this pattern has historically led to upward movement, in this case, the odds of a continued downward trend are estimated at 86%. SBH has already experienced a significant -20% downtrend during the last month.
Summary
The Cosmetic sector's recent performance, with a notable 25.82% monthly growth, has attracted attention. Notable companies like Nordstrom and Tupperware Brands Corp are active players in this dynamic sector. While some stocks are showing negative momentum indicators, indicating a potential downward trend, the dynamic nature of this industry suggests the need for careful observation of market trends.
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