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10 Best Beauty Stocks to Invest In - Insider Monkey


10 Best Beauty Stocks to Invest In
The cosmetics industry encompasses companies that manufacture, sell, and market beauty products like makeup, shampoos, lotions, fragrances, creams, etc. It is undoubtedly one of the fastest-growing industries in the world, generating over $500 billion in sales in 2020. This has certainly made the cosmetic stocks gain value and grab the attention of investors around the globe. 
The dawn of 2020 brought uncertainties in every aspect of life and the cosmetic industry is no exception. According to National Purchase Diary NPD, during the first half of 2020, the sales of makeup products, especially lipsticks, declined by 24% due to the constant use of facemasks. Major cosmetic companies like Coty Inc. (NYSE: COTY) saw their share price decline by 52% in March. Similarly, the stock price of Ulta Beauty, Inc. (NASDAQ: ULTA) also declined by 29% in the initial days of the pandemic. Though these stocks are already back on their feet, Vogue Busines ....

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Why Revlon Stock Dropped as Much as 10.5% Today


Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
What happened
Shares of iconic cosmetics company
Revlon (NYSE:REV) were lower by as much as 10.5% on May 10. The cause of the decline was the company s first-quarter 2021 earnings update. Although the company pegged the results as its best first quarter in five years, it was hardly a smashing success.  
So what
Revlon s sales in the first quarter of 2021 came in at $445 million, down about 2% or so from the first quarter of 2020. That, however, was a sequential improvement from the fourth quarter when sales were down roughly 10% year over year. Still, Wall Street had been anticipating $520 million on the top line, so Revlon missed expectations in a pretty notable way. And it s worth noting that the sequential improvement was merely from bad to less bad, which isn t exactly a great outcome despite being, direction ....

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