Ulta Beauty shares rise 3% after Bank of America upgrades rating to Buy with $685 price target.

Morgan Stanley says consumer discretionary stocks could drive the bull market higher despite recent stock hiccups.

Morgan Stanley strategists highlight that the bull market remains strong, with consumer discretionary stocks like Ulta Beauty, transports, and regional banks showing significant gains of 9%, 13%, and 8% respectively over the past month. These sectors...