3 Value Stocks for Wise Investors
Value investors are always hunting for high-quality companies that are trading at bargain prices. So which stocks do we think they would find attractive today? We asked that question to a team of investors, and they highlighted e.l.f. Beauty (NYSE: ELF), Best Buy (NYSE: BBY), and Ulta Beauty (NASDAQ: ULTA).
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Rich Duprey (e.l.f. Beauty): Despite beating top-line Wall Street estimates, e.l.f. Beauty was battered following a report by analysts at Jefferies that said Hispanic customers weren't buying as much makeup this year as they had in the past, and around 24% of e.lf.'s customer base is Hispanic. The possible reason for the lack of spending was said to be fears over immigration policy.
Source: Fool.com