Is Beauty Health (SKIN) a good stock to buy now?

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Baron Discovery Fund recently released its second quarter commentary – a copy of which can be downloaded here. In the second quarter of 2021, the Baron Discovery Fund returned 6.07% (institutional stocks). In comparison, the benchmark S&P 500 was up 8.55%, while the Russell 2000 Growth Index was up 3.92%. You should check out the top 5 Baron Discovery Fund stock picks that investors can buy right now, which could be the biggest winners of 2021.

In the Q2 2021 letter to investors, the fund highlighted a few stocks and Beauty Health Co (NASDAQ:SKIN) is one of them. Beauty Health Co (NASDAQ:SKIN) operates as a beauty and health business. In the past three months, Beauty Health Co (NASDAQ:SKIN) the stock gained 82%. Here’s what the fund says:

“The Beauty Health Company, formerly known as HydraFacial, is an innovative skin care and beauty company providing consumers with the benefits of professional medical treatment with the experience of a mainstream brand. Beauty Health company went public through a Special Purpose Acquisition Company (“SPAC”). Stocks outperformed during the quarter as investors became increasingly aware of the company’s growth opportunities following the close of the quarter. acquisition of SPAC and strong results where the company significantly increased its annual revenue forecast. We continue to be drawn to the light of the assets of Beauty Health, a recurring revenue business model and see a long track of growth as the company more than doubling its base of delivery systems nationally and internationally while better monetizing each system with new and different sera Product and category extensions. “

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Earlier this month, we published an article revealing that Beauty Health Co (NASDAQ:SKIN) was one of 10 new Reddit WallStreetBets stocks on the rise.

Our calculations showed that Beauty Health Co (NASDAQ:SKIN) is not classified among the 30 most popular stocks among hedge funds.

The 10 largest stocks among hedge funds returned 231.2% between 2015 and 2020 and outperformed S&P 500 Index ETFs by more than 126 percentage points. We know it sounds amazing. You rejected our articles on major hedge fund stocks mainly because other media provided you with biased information about poor performance of hedge funds. You could have doubled the size of your nest egg by investing in the best hedge fund stocks instead of stupid S&P 500 ETFs. here you can watch our video on the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: none. This article was originally published on Monkey initiate.


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