Avon (AVP) has the world's largest direct-selling workforce, with some 8 million active sales representatives. Avon's top markets include Brazil, Mexico, Russia, the Philippines and the U.K.
Avon is in the middle of a three-year transformation, which includes driving down costs, improving financial resilience and investing in growth.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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