Broken Moats on X
The July-to-current rotation reflects short covering and an unwind of long semiconductor trades, with recent AI laggard rallies vulnerable as SaaS earnings approach.
NYSE
e.l.f. Beauty, Inc.
ELF
2 articles
$5.9B Market cap · 2026-08-21
Broken Moats on X
ELF, CAVA, Shake Shack and Birkenstock surged 30% to 60% within weeks despite weak sales or lower outlooks, raising questions about rate, oil and short-squeeze driven retail rallies.
