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

Friday saw another positive increase on Wall Street, with Dow Jones Industrial Average posting three-digit gains and other large stock indices that included solid movements higher. Despite a few weak figures from government officials on the state of the product in the United States, investors seemed to be embarking on encouraging signs of progress on the merchandise, as well as good news from some high-profile companies. Revenue was also an important driving force for the market sentiment. Ulta Beauty (NASDAQ: ULTA) Broadcom (NASDAQ: AVGO) and Aurora Cannabis (NYSE: ACB) were among the top players. That's why they did well.

Ulta looks beautiful

Shares in Ulta Beauty jumped 8% after the cosmetics and salon chain reported the result for the fourth quarter. Ulta said that sales were higher by almost 1[ads1]0% from the previous year, despite having a smaller week, and comparable sales increased by 9.4%. Stronger traffic was primarily responsible for the gains, but Ulta said customers also tended to spend a little more, and the company gained good traction from its e-commerce business despite the great value of its store salons. With guidance for the coming year that requires double-digit sales growth and continued gains in its online business, Ulta never looks better to investors.

Broadcom winter fatigue in China

Broadcom saw its stock price climb 8 % after the release of the financial accounts for the first quarter. The technology solution provider said sales climbed 9% from the previous year, and adjusted net income from continuing operations was modestly higher in the same period. Broadcom saw extreme weakness in its semiconductor solution business and owed to slow down China's growth for some However, infrastructure software revenues have quadrupled over the last 12 months, and CEO Hock Tan has shareholders who feel optimistic that Broadcom will be able to stay on track and ride on cyclical ups and downs in it. wireless industry.

Aurora lights up

Finally, shares of Aurora Cannabis got 7%. The bis company received positive comments from Cowen analysts, who repeated their previous assessment that they were better than the shares. News earlier this week as investors Nelson Peltz, billionaire activist, had taken an advisory role, should help Aurora move faster and more efficiently when planning a course ahead, and Aurora's leading role in cannabis production gives it an edge just a few Few of their rivals can come close to matching. If Peltz can bring a profiled partner to the table, Aurora can look even more attractive to investors.