Pocket Pivot Review - EW, ULTA 8-18-16

Published : August 18 2016 at 16:22 ET

Medical device maker EW had a pocket pivot after trading in a tight, constructive manner since its gap higher on strong earnings. Pretax margin 25.7%, ROE 21.6%, earnings and sales accelerating, group rank 16.

Beauty retailer ULTA had a continuation pocket pivot. We mentioned ULTA a number of times prior, so today would be a bit late to be starting a new position. Nevertheless, it continues to exhibit leadership characteristics. Earnings and sales are accelerating, ROE 23.8%, group rank 12. ULTA reports earnings after the close on August 25. 

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