Market recap: Ulta Beauty tumbles on disappointing outlook

December 9, 2018 at 4:32AM
FILE- This Sept. 11, 2018, file photo shows a marijuana plant in San Luis Obispo, Calif. Curiosity from one the world's largest tobacco companies about the marijuana business sent shares of a Canadian cannabis company higher at the opening bell Tuesday, Dec. 4. Cronos Group confirmed talks late Monday with Marlboro maker Altria about a possible investment. (AP Photo/Richard Vogel, File)
Altria’s stock fell after it announced a $2.4 billion investment in Cronos, a Canadian marijuana firm. (The Minnesota Star Tribune)

Not so pretty: Ulta Beauty slid 13 percent to $254.47 Friday after the cosmetics retailer's latest quarterly report card exceeded analysts' expectations, but its earnings outlook disappointed traders.

Smoke this: Tobacco company Altria, which makes Marlboro cigarettes, fell 0.4 percent to $54.18 Friday after announcing a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.

Bruised by sell-off: Technology companies, banks and health care stocks took some of the heaviest losses in the latest wave of selling Thursday. Oracle slid 4.3 percent on the day, to $46.64, closing the week at $46. Citigroup, which fell 4.8 percent to $59.25 Thursday, wrapped up the week at $58.35. Centene closed Friday at $133.22, after sinking 7.3 percent to $131.80 Thursday.

Solid quarter: Broadcom climbed 0.6 percent to $228.56 Friday after the technology company reported fiscal fourth-quarter results that topped Wall Street's forecasts.

Deal bounce: GlaxoSmithKline PLC slumped 7.8 percent to $38.61 Monday after the drugmaker agreed to acquire Tesaro, which makes the ovarian cancer treatment Zejula. The stock closed Friday at $37.30. Shares in Tesaro, which soared 58.5 percent to $73.50 on the news, closed the week at $73.95.

Good bet: Wynn Resorts gained 9.5 percent to $119.79 Monday after the gambling revenue in Macau rose last month at a higher rate than analysts expected. Shares closed the week at $104.99.

about the writer

about the writer

News services

More from Business

See More
card image
Fairview Health Services

The school is changing an elective course while still working with the Eden Prairie-based health care giant after students raised concerns.

This transmission electron microscope image shows SARS-CoV-2, the virus that causes COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in the lab. (NIAID/TNS) ORG XMIT: 1659810
card image