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Stock Highlights
Amazon (NASDAQ: AMZN) reported $24.1 billion in sales during its largest Prime Day sales event, a four-day event that more than doubled last year’s Black Friday sales. Despite recovering from lows, the stock remains below its historical highs and is benefiting from significant investments in logistics and AI.
Alibaba (NYSE: BABA) is currently trading at a forward price-to-earnings ratio of 11 and holds over 30% of its market capitalization in cash and investments. Its cloud business has achieved more than doubling AI-related revenue for seven consecutive quarters.
E.l.f. Beauty (NYSE: ELF) plans to acquire Rhode, a premium skincare brand that generated $212 million in sales over the past year with minimal marketing. This acquisition aims to expand E.l.f.’s product offerings and increase profitability.
Cava Group (NYSE: CAVA) aims to expand from fewer than 400 to 1,000 locations by 2032, experiencing double-digit same-store sales growth for four consecutive quarters as it gears up to replicate Chipotle’s success in the Mediterranean restaurant space.
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5 Stocks Our Experts Predict Could Double In the Next Year
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