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1 Magnificent S&P 500 Stock Trading Near 52-Week Lows to Buy Hand Over Fist

TheMotleyFool 
0 0 03.11.23
1 Magnificent S&P 500 Stock Trading Near 52-Week Lows to Buy Hand Over Fist: https://g.foolcdn.com/editorial/images/753121/shopping-for-make-up-cosmetics.jpg
 

Up nearly 1,200% since its initial public offering in 2007, Ulta Beauty (NASDAQ: ULTA) has quadrupled the total returns of the S&P 500 Index over that time. Powered by its sales rising by more than 13 times since 2007, Ulta quickly became the largest specialty beauty retailer in the United States.

However, after posting incredible sales and earnings-per-share (EPS) growth in 2021 as the company rebounded from the pandemic, Ulta's growth decelerated in the last few quarters, causing its share price to drop 32% from its 52-week highs.

While this significant drop in share price over a few months is worrisome, I believe this overreaction may present an opportunity for investors focused on holding for decades. Here's what makes Ulta Beauty a magnificent S 500 stock to buy hand over fist right now.

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Source Fool.com

Electro Power Systems S.A. Stock

€1.02
0.200%
The Electro Power Systems S.A. stock is trending slightly upwards today, with an increase of €0.002 (0.200%) compared to yesterday's price.

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