Ulta Beauty (ULTA; ranked #44 in our Q4 SmallMidCap Rankings)
Ulta released their Q3 earnings this morning and the stock has responded well. The stock is up over 10% in early morning trading. The company raised their guidance and bought back shares. Today's move helped the stock reach our price target of $450 that we updated a couple of months ago.
Warner Bros Discovery (WBD: ranked #66 in Q4 Large Cap Rankings)
WBD is having a nice day as it's up 5% in afternoon trading. The stock has been a lower tier stock in our ranking system, but maybe it can breakout heading into 2024.
Peloton (PTON; ranked #94 in Q4 SmallMidCap Rankings)
Peloton is another stock in our ranking system which is having a great day. The stock is up nearly 7% today and has hit our $6 price target. Our ranking system identified potential short term gains and it has been proven correct this quarter. The stock is up over 20% in the last two months.