♟ Piggybacking on Karim's Best Pick

 
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Piggybacking on Karim's Best Pick
Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance
Pawn Chess Piece A great combination of growth and value - all rolled up into one $30 stock.
 

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Bryan Bottarelli
If you've upgraded your Trade of the Day membership to our premium Trade of the Day Plus service, then you surely know the story of Karim's pick on Coty (NYSE: COTY).

As a quick refresher, Coty sells beauty products worldwide, with a focus on prestige fragrances, skin care and color cosmetics under the brand names of Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloé, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Skin, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos and Tiffany & Co.

The company sells its cosmetics, fragrance, skin care and body care products primarily at supermarkets, drugstores, pharmacies, midtier department stores, traditional food and drug retailers, and e-commerce retailers.

Thanks to a meticulous study of "cluster buying," Karim was able to pinpoint a revival in the cosmetics industry before anyone else (me included).

He officially recommended Coty in Trade of the Day Plus on December 3, 2020, for $7.44 per share before watching it move up to a high of $10.34 - good for a quick 39% gain.

Today, Coty has moved lower due to an earnings disappointment, which could make it buyable once again. But you'll have to be part of Trade of the Day Plus to receive Karim's guidance on that move.

As for today...

I'd like to piggyback on this recommendation with a play that I introduced to you last Monday. It plays off the same cosmetics trend and offers you a great combination of growth and value, all rolled up into one $30 stock.

As I noted, as America reopens, the next big trend will be vanity.

For the last 18 months, we've all been looking at our faces on Zoom and noticing every imperfection. Maybe your eyelids droop, maybe you have dark circles under your eyes, maybe you're losing your hair or going grey, or maybe that double chin is just getting to be too unpleasant to look at.

Whatever the reason, I believe we'll soon see a BIG comeback on cosmetic plays.

To play this trend, it's now time to move into e.l.f. Beauty (NYSE: ELF).
 
ELF Daily Chart
 
Action Plan: E.l.f. Beauty provides mainly low-priced cosmetics products for your eyes, lips and face. In the company's fiscal third quarter of 2021 (which ended on December 31, 2020), net income fell 46.3% despite net sales rising 9.7%. Going forward, I believe the company will clean this up and sales will continue rising. Buying shares anywhere under $30 seems like a strong entry point.

Yours in smart speculation,
Bryan Bottarelli Signature
Bryan Bottarelli, Head Trade Tactician
Monument Traders Alliance

P.S. Are you ready to upgrade to our premium Trade of the Day Plus service and get our best pick delivered to you every Wednesday in a fun, engaging video format? Then pool together some errant coins from under your couch cushions - because this is the cheapest membership rate you'll ever find.
 
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The big winner in all of this frenzied spending? This little-known tech stock, which trades for less than $20 a share.

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