In this episode of Motley Fool Money, Andy Cross and Asit Sharma discuss the stock market's recent performance, noting the S&P's rise and investors' shifting sentiment from bearish to more euphoric. They advise investors to be rational and selective, favoring cash-heavy, reasonably valued companies over high-growth, speculative stocks. The conversation then pivots to Zscaler's impressive earnings, highlighting its annual recurring revenue growth, remaining performance obligation, and AI-driven innovations, while also noting its rich valuation. Finally, they analyze Ulta Beauty's strong first-quarter results, driven by its resilient beauty retail model and market share gains, with Asit Sharma ultimately recommending Ulta as a buy.
