Analyst Discloses Long Position in Ulta Beauty Shares as S&P 500 Wobbles Near Record Highs
Updated
Updated · Seeking Alpha · Jun 28
Analyst Discloses Long Position in Ulta Beauty Shares as S&P 500 Wobbles Near Record Highs
1 articles · Updated · Seeking Alpha · Jun 28
Summary
Ulta Beauty was identified as a contrarian opportunity in a new analyst note that disclosed a beneficial long position in ULTA shares through stock, options or other derivatives.
The bullish stance was framed against an S&P 500 market that is wobbling near all-time highs, with capital said to be rotating out of the original Mag 7 stocks.
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