From August 5 to August 11, the sentiment for Household and Personal Products changed by 39 points, jumping from -22 to 17. This positive shift was mainly driven by Shiseido Co Ltd and Polar Orbis Holdings.
As part of its latest announcement of a long-term partnership with Tory Burch LLC, Shiseido Co Ltd will have the exclusive worldwide license to develop, market, and distribute Tory Burch beauty brands. Another partnership was announced between Polar Orbis and the Skin Research Institute of Singapore (SRIS) to kick off a project which aims to help Asian consumers to find bespoke beauty products.
On the other hand, the sentiment for pharmaceutical retailers dropped significantly from a positive score of 47 to a highly negative -72. The decrease was mainly due to Walgreens’ announcement of the shut down of 200 U.S. stores. In addition to that, Petmed Express’ sentiment also dropped to -2 at the beginning of last week. Petmed Express experienced high levels of shorting in June and the company announced its earnings on July 22nd, in which its EPS missed estimates by $0.16.
1 Companies that contributed most to last week’s industry sentiment change.
2 Top trending event related to the respective company.
3 Weekly aggregated company sentiment score (ranging from -100 to +100).
4 Weekly aggregated company attention buzz (the percentage by which the number of news, blogs and tweets about an asset deviates from normal attention).
*Industry name and classification as per Morning Star
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