Research

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Sector Analysis: Direct Selling: Stocks Are Sharply Outperforming Broader Averages This Year
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Sector Analysis: Currency Exchange Moves to Headwind in 3Q
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Flash Note: AVP: Sweeping Initiatives Announced as Expected; Moving to E-Commerce Model in China
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Flash Note: USNA: Highlights from Recent Investor Meetings; Tone Remains Upbeat
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AVP: Avon Products Raising Target Multiple Ahead of the September Investor Day; Moving to Buy Rating
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NUS: Raising Estimates on Sales Beat; Maintain Hold Rating
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MED: Raising Estimates and Price Target Again
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AVP: Momentum Remains Soft; Strategic Shift Underway
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HLF: Momentum Building; Raising Estimates
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Flash Note: NUS: Reported EPS Once Again Constrained by Non-Cash, Non-Operating Items; Top Line Exceeds Expectations
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Flash Note: MED: 2Q Results and New FY Outlook Handily Exceed Recently Raised Expectations
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TUP: Business Remains Soft; Ample Financial Capacity to Support the Dividend
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Flash Note: AVP: Sales Slightly Better Than Recently Reduced Forecast; Momentum Indicators Mixed
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Flash Note: HLF: Strong 2Q Upside; FY Outlook Raised; China and US Back on Growth Tracks
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Flash Note: HLF: Record Attendance at North American Extravaganza
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USNA: Raising Estimates Again Following Large 2Q Upside
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Flash Note: TUP: 2Q Momentum Softens Further
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Flash Note: USNA: Momentum Continues to Accelerate; Another Strong Beat and Raise
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MED: 50% Growth in Convention Attendance; New Hydration Offering Largely Incremental
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AVP: Reducing Estimates for Currency & Brazil
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