Ulta Beauty's Leadership Change

And, Bitcoin jumps back over $100K.

January 07, 2025

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Today is Tuesday, January 7, 2025.

The Early Bird Index today is 83.66

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Ulta Beauty's Leadership Change

Beauty retailer Ulta Beauty (Nasdaq: ULTA) ticked up 0.97% in after-hours trading on Monday after announcing a new CEO and providing a financial update.

Details: Kecia Steelman, current president and chief operating officer, takes over as CEO immediately. Dave Kimbell is stepping down as CEO, but he is joining the board and serving as an advisor through June.

  • Kimbell served as CEO since 2021.

Also: On Monday, the company increased its fourth-quarter outlook for comparable sales due to a stronger-than-expected performance during the recent holiday season.

Stock Price: Ulta Beauty’s stock is down about 10% over the last 12 months.

Early Bird’s Nest Egg Gains: Ulta Beauty faces several challenges in the current market environment, including increased competition.

  • After years of strong growth, the beauty market is experiencing a decrease in demand.

  • Ulta Beauty has experienced disruptions due to the transition to a new Enterprise Resource Planning system.

Final Thoughts: Ulta Beauty will report financial results for the current quarter in March.

Notables

Notable Earnings Today: RPM Inc (NYSE: RPM), AZZ (NYSE: AZZ), Apogee Enterprises (Nasdaq: APOG), Cal-Maine Foods (Nasdaq: CALM) Lindsay Corp (NYSE: LNN), AAR Corp (NYSE: AIR), Simulations Plus (Nasdaq: SLP), Kura Sushi USA (Nasdaq: KRUS), Richarson Electronics (Nasdaq: RELL).

Notable IPOs Today: Diginex Limited Ordinary Shares (Nasdaq: DGNX), Cantor Equity Partners I, Inc. Class A Ordinary Shares (Nasdaq: CEPO), Zhengye Biotechnology Holding Limited Ordinary Shares (Nasdaq: ZYBT).

Notable Equity Crowdfunding Campaigns Ending Today: Visionaize (StartEngine), Kara Water (StartEngine), SAM’s American Eatery (SMBX), Melting Forest (StartEngine), TruePrep.ai (StartEngine).

Notable Economic Events Today: Exports / Imports / Trade Balance (10:00 a.m. ET), JOLTS Job Openings (10:00 a.m. ET), ISM Non-Manufacturing PMI / Prices / Employment (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Bitcoin Jumps Back Over $100K

The price of Bitcoin jumped 3% and reached over $100,000 in value on Monday, the first time it hit this level since December.

Powering the Story: Increased momentum in the cryptocurrency market boosted the price. This momentum included MicroStrategy (NASDAQ: MSTR) buying more Bitcoin on Monday.

Final Thoughts: Bitcoin is up about 9% since the new year started.

Meta’s New Board Members

Meta Platforms (Nasdaq: META) ticked up 0.26% in after-hours trading on Monday after adding three new board members.

Details: The new directors on the board will be UFC CEO Dana White, Exor CEO John Elkann, and investor Charlie Songhurst.

Final Thoughts: Meta’s stock is up 75% in the last 12 months.

Medical Acquisition: Inari Medical Catapults — Again — After Stryker Confirms $4.9 Billion Deal (Investor’s Business Daily)

Trading Volume Surge: Solana 24-hour DEX volume beats Ethereum, Base combined (Cointelegraph)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.