Coty's Cautious Comeback 📊

Coty $COTY ( ▲ 10.58% ), parent company of several beauty and cosmetics brands, fell 6.60% in after-hours trading on Wednesday after posting mixed financial results.

Financials: Coty reported a loss of two cents per share in the past quarter, which was lower than expected. Revenue reached $1.27 billion, exceeding expectations.

Powering the story: Sales grew 1%, yet the company expects it to drop in the future after selling its flagship Gucci Beauty license.

Quote: “Our Q4 results provide early signs of stabilization, although the recovery will not be linear. FY27 will be a transition year as we strengthen our core business and continue shaping a simpler, more focused Coty, factoring in both the Gucci exit by FY28 and final portfolio decisions related to our strategic review of Consumer Beauty by the end of CY26.” - Executive Chairman Markus Strobel.

Early Bird’s Nest Egg Gains: Coty is being cautious because its recovery is still uneven. Its prestige business has held up better, but the broader Consumer Beauty business is under pressure and sales momentum has weakened.

Final Thoughts: Before Wednesday’s results, the stock was already down 2% this year.

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Notables

Notable Earnings Today: Walmart (Nasdaq: WMT), Ross Stores (Nasdaq: ROST), Alibaba Group Holding (NYSE: BABA), Advance Auto Parts (NYSE: AAP), Deere (NYSE: DE), Flowers Foods (NYSE: FLO), OSI Systems (Nasdaq: OSIS), NetEase (Nasdaq: NTES), Autohome (NYSE: ATHM), ScanSource (Nasdaq: SCSC), ATRewnew (NYSE: RERE), Daqo New Energy (NYSE: DQ), Flux Power Holdings (Nasdaq: FLUX), Futu Holdings (Nasdaq: FUTU).

Notable IPOs Today: First Breach Inc. Common Stock (Nasdaq: FBDT), Tactical Resources Corp. Common Shares (Nasdaq: TREO), Charter Communications, Inc. Series A Cumulative Redeemable Preferred Stock (Nasdaq: CHTRP).

Notable Equity Crowdfunding Campaigns Ending Today: Posterity Films (Honeycomb Credit), Cravings by Temnnys (Honeycomb Credit), Wildflower Cafe and Bakery (Honeycomb Credit).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Philadelphia Fed Manufacturing Index (8:30 a.m. ET), Philly Fed Employment (8:30 a.m. ET), US Leading Index (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Trump's Hyperliquid Comments

Gif by pudgypenguins on Giphy

The price of the cryptocurrency Hyperliquid $HYPE ( ▲ 25.2% ) skyrocketed 19% on Wednesday after President Trump said the CFTC is working to bring Hyperliquid into the United States “in a fully compliant and legal fashion.”

Powering the Story: The price of Hyperliquid has more than doubled in 2026, even though it largely operates outside the U.S. market. Traders interpreted Trump’s comments on Wednesday as a potential path to U.S. regulatory legitimacy and access to a much larger trading market.

Final Thoughts: The comments also boosted other crypto prices on Wednesday.

Webull’s Strong Results

Trading platform Webull $BULL ( ▲ 8.95% ) surged 14.01% in after-hours trading on Wednesday after posting strong earnings results.

Financials: Webull reported earnings of 12 cents per share in the past quarter and revenue of $198.8 million. Both were better than expected.

Final Thoughts: It’s a recovery for Webull, which was down 42% in the past 12 months.

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