E.L.F. Beauty (ELF) benefits from the move to value, as there are continued gains in beauty, notes Tom Plumb. He discusses the outlook for the consumer as holiday shopping kicks into full swing. He goes over his stock picks which include ELF, Constellation Brands (STZ), American Express (AXP), and Nvidia (NVDA). He highlights that STZ is showing organic growth exceeding their industry. He mentions that AXP’s best play is benefitting from electronic payment trends, higher interest rates, and low charge-offs. He talks about the outlook for NVDA after its latest earnings. Tom White also joins to demonstrate example trades using these names. Tune in to find out more about the stock market today.
Morning Trade Live
24 Nov 2023
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