Instacart Inks Nationwide Pact With Sally Beauty - What's Going On?
Portfolio Pulse from Nabaparna Bhattacharya
Instacart (NASDAQ:CART) and Sally Beauty Holdings (NYSE:SBH) have announced a nationwide partnership to offer same-day delivery from over 2,200 Sally Beauty stores. This collaboration aims to enhance Sally Beauty's e-commerce capabilities and meet the growing demand for quick delivery of beauty products. CART stock has gained 34% in the last six months, while SBH stock has lost over 19% in the same period. Investors can also gain exposure to CART via Tidal ETF Trust Aztlan Global Stock Selection DM SMID ETF (NYSE:AZTD) and Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:MVPA).
June 18, 2024 | 5:31 pm
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POSITIVE IMPACT
Investors can gain exposure to Instacart (CART) through the Tidal ETF Trust Aztlan Global Stock Selection DM SMID ETF (AZTD).
The Tidal ETF Trust Aztlan Global Stock Selection DM SMID ETF (AZTD) includes Instacart, providing investors with an opportunity to gain exposure to CART's potential growth.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Instacart (CART) has partnered with Sally Beauty to offer same-day delivery from over 2,200 stores, enhancing its service offerings and potentially driving further stock gains.
The partnership with Sally Beauty significantly enhances Instacart's service offerings, which is likely to drive further stock gains. The stock has already seen a 34% increase in the last six months, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Instacart (CART) through the Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA).
The Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) includes Instacart, providing investors with an opportunity to gain exposure to CART's potential growth.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Sally Beauty (SBH) has partnered with Instacart to offer same-day delivery, aiming to boost its e-commerce capabilities. However, SBH stock has declined 19% in the last six months.
While the partnership with Instacart aims to enhance Sally Beauty's e-commerce capabilities, the stock has been underperforming, losing 19% in the last six months. The immediate impact on the stock price may be neutral as investors wait to see tangible results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100