Hovering Near Lows
The major averages hover near session lows in recent trade, little changed over the last half hour.A look inside the S&P 500 shows that beauty products company Coty (COTY 9.75, +0.42, +4.50%) sits atop the standings. Gains move the stock to a three-month high with the Q2 report in the rear-view mirror (2/8). Beauty products peer Avon Products (AVP 2.69, +0.19, +7.60%) reports Thursday (2/14) with peer e.l.f. Beauty (ELF 9.39, +0.15, +1.62%) slated for the final week of February (2/26) and Ulta Beauty (ULTA 298.43, +2.37, +0.80%) a little further down the calendar (3/14).Conversely, media conglomerate CBS (CBS 48.17, -1.39, -2.80%) sits near the bottom of the S&P standings in part due to a sell side downgrade this morning from Atlantic Equities which lowered their recommendation on the name to a "Neutral" from an "Overweight." Media peers News Corp. (NWSA 12.11, -0.35, -2.81%), Discovery (DISCA 28.67, -0.52, -1.78%), and Walt Disney (DIS 109.57, -1.94, -1.74%) also post decent losses on Monday.