Wall Street Breakfast e.l.f. Beauty’s glow fades on weak guidance
Feb 7, 2025
e.l.f. Beauty faces a sharp decline after lowering its guidance, highlighting concerns over soft January trends. Amazon delivers solid Q4 results but struggles with mixed forecasts and currency risks. Meanwhile, Nikola is reportedly considering bankruptcy, adding to the market's uncertainty. The discussion also touches on Tesla's price hike for the Model X and insights from the Dallas Fed on interest rates, suggesting limited room for further cuts even with inflation nearing target.
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e.l.f. Beauty's Stock Plunge
- e.l.f. Beauty's stock dropped over 20% after lowering their guidance.
- This was due to weaker than expected January sales and "TikTok confusion."
Amazon's Mixed Performance
- Amazon beat Q4 estimates, with operating income up 61% and AWS revenue increasing 19%.
- However, soft Q1 guidance caused share prices to dip.
Nikola's Potential Bankruptcy
- Nikola is reportedly considering bankruptcy or restructuring, according to the Wall Street Journal.
- This is due to ongoing financial challenges for the hydrogen truck maker.