$ELF: My High-Conviction “Value + Growth” Setup Outside the Usual Crowded Trades

Investors remain concentrated in the same crowded themes such as AI, mega-cap technology, and space. While many of the businesses in these categories are exceptional and have potential, their popularity has driven valuations to elevated levels, with many now appearing overvalued. Meanwhile, I think one of the most interesting setups in the market right now is sitting in plain sight: e.l.f. Beauty / $ELF To me, ELF is one of those rare situations where you can make a case for both value and growt