Wall Street analysts are increasingly worried about Amazon hurting their stocks.

Many Wall Street analysts this week from various industries made note of Amazon disrupting the companies they cover.

CNBC combed through recent research to find stocks that are feeling the Amazon effect in different ways. The list includes names such as Costco, FedEx, XPO and Ulta.

"Costco faces the Amazon wall of worry, yet we believe their sticky membership model creates loyalty which can drive sales and profits higher for years to come... Positive ticket trends, solid digital growth, and additional lift in renewal rate are all reasonable on a 12-18 month outlook," said Evercore ISI analyst Greg Melich who recently initiated coverage on the stock as outperform.

Earlier this week, FedEx reported earnings per share and revenue below expectations for the third quarter. There had been increasing chatter in the analyst community that Amazon could be emerging as a competitor to the shipping giant. One analyst says that is most certainly investor perception. "While we continue to argue Amazon's ambitious network build out is entirely to provide for retail distribution, it is hard to argue with a market that has nearly decided Amazon will eventually operate a two-way delivery network to rival FedEx or UPS," wrote Barclays analyst Brandon Oglenski in his earnings recap note.

In an interview on CNBC's Mad Money, Jim Cramer asked FedEx CEO Fred Smith why the company brought up Amazon on the earnings conference call at all. Smith said FedEx felt compelled to bring up Amazon on the call after CNBC reported that Amazon could take market share away from the company. "We certainly don't mean to be defensive, but we do think we need to answer provocative questions when they're raised, including those brought up by CNBC," Smith said.

The stock is down 28 percent over the last 6 months.

Earlier this week, Amazon launched, Belei, its first in house skin care line. "It's a certainty that Amazon is a presence in beauty, but how it develops its range relative to the specialty model is still TBD," said Jefferies analyst Stephanie Wissink responded in a note to clients. She went on to say, "It's possible Amazon could garner upwards of 10% share of the core beauty marketplace over time."

Shares of Ulta are down 1.68% this week.

Last week shipper XPO Logistics disclosed the termination of their COO, Kenny Wagers."We believe that Mr. Wagers' termination was driven in part by the loss of $600m of annual Amazon business earlier this year, either directly or indirectly. We don't know if Amazon pulled its business due to Mr. Wagers' leaving to join XPO last year, but we believe the customer loss factored into XPO's decision to part ways with the executive," Citi analyst Andrew Kaplowitz said in a note.

XPO is down 50 percent over the last 12 months.

Here's what else the analysts say about the Amazon effect:

Evercore ISI- Costco, Outperform rating

"Costco faces the Amazon wall of worry, yet we believe their sticky membership model creates loyalty which can drive sales and profits higher for years to come... Positive ticket trends, solid digital growth, and additional lift in renewal rate are all reasonable on a 12-18 month outlook.... Membership count half of Amazon Prime and higher spend/member provide room for growth as long as they don't let Amazon convenience chip away at their loyalty... Positive revisions & multiple appreciation should take the stock higher.... We see high single digit total return prospects with a $260 share price and another 2-4% return from dividends including another special likely in the next 18-24 months..."

Barclays- FedEx, Overweight rating & Top Pick

"Valuations for both stocks(UPS & FDX) has come under significant pressure in the past year, likely fueled by macroeconomic concerns and perceived competitive threats from Amazon... While we agree recently softer transport data suggests softer macro outcomes early in 2019 we think current valuation levels, especially in FedEx shares, more than compensates for potentially slower earnings outcomes... However, while we continue to argue Amazon's ambitious network build out is entirely to provide for retail distribution (one-way delivery to consumers), it is hard to argue with a market that has nearly decided Amazon will eventually operate a two-way delivery network to rival FedEx or UPS..."

Jefferies- Ulta Beauty, Buy rating

"It's a certainty that Amazon is a presence in beauty, but how it develops its range relative to the specialty model is still TBD... ULTA's recent report, with a 9.4% comp and 7ppts driven by traffic is an indicator that with the right, curated assortment, ULTA is able to protect its position and gain share... The trial & discovery, service orientation of specialty is expected to remain a clear advantage over the long term... Amazon may ultimately draw on replenishment purchase activity, which for high loyalty brands can account for 60-65% of annual volume... If we assume brand direct (DTC), specialty, dept stores, and Amazon split the repeat purchase portion, it's possible Amazon could garner upwards of 10% share of the core beauty marketplace over time (15% of the replenishment volume)..."

Citi- XPO Logistics, Buy rating

"[After the March 11] close XPO disclosed the termination of Chief Operating Office Kenny Wagers after less than a year at the company (joined in April 2018)...Potential Casualty from Big Revenue Loss: We believe that Mr. Wagers' termination was driven in part by the loss of $600m of annual Amazon business earlier this year, either directly or indirectly... We don't know if Amazon pulled its business due to Mr. Wagers' leaving to join XPO last year, but we believe the customer loss factored into XPO's decision to part ways with the executive... The sudden loss of Last Mile postal injection business in late 4Q pressured results vs our expectations and the subsequent loss of business, which together with the postal injection business totals $600m, forced the company to lower 2019 financial guidance in February for the second time in two months... With shares down sharply from 2018 highs due to the guidedowns and a 4Q short report, M&A has been pulled off the table as the company focuses instead on buying back stock... So either directly or indirectly the loss of the Amazon business appears to have contributed to the company's decision to terminate Mr. Wagers..."

JMP Securities- MongoDB, Market perform rating

"MongoDB faces a number of risks, including: 1) the business may not achieve or sustain profitability; 2) MongoDB is burning cash and we do not expect it to generate positive free cash flow on a full-year basis until FY21; 3) the database software market for both relational and nonrelational products is highly competitive and includes vendors that are much larger than MongoDB, including Oracle, Microsoft, IBM, Amazon, and Google, and other NoSQL vendors like DataStax and Couchbase....During F4Q19, Amazon released DocumentDB, which made investors question the defensibility of MongoDB's position and how the company would fare going head to head against the cloud computing giant... On the [March 13] call, Mr. Ittycheria explained that because of the popularity of document-based databases, other companies have tried to emulate MongoDB's capabilities. However, none of these imitation databases are built on a true document architecture.'

Here are the biggest analyst calls of the day: Lyft, Monster, FedEx & more

Here are the biggest calls on Wall Street on Wednesday:

D.A. Davidson initiating Lyft as 'buy'

D.A. Davidson initiates Lyft as buy due to the company's recent momentum, market share gains, and growth and expansion.

"We initiate coverage of LYFT with a BUY rating and $75 price target. LYFT is one of the largest and fastest-growing "multimodal" transportation networks in North America... LYFT filed its S-1 on March 1st and is expected to IPO on Friday March 29th, with a pricing range of $62-$68... Our BUY rating reflects LYFT's impressive recent U.S. market share gains and momentum, the continued growth/expansion of the broader Ridesharing market, and the stock's reasonable EV/Sales multiple... Key risks to our rating include uncertainty around LYFT's long-term margin ramp/profile, risks associated with its positioning in autonomous driving technology, and the fluid regulatory/legal landscape for the Ridesharing industry..."

Goldman Sachs downgrading Monster Beverage to 'neutral' from 'buy' and removing from 'conviction buy list'

Goldman Sachs thinks Monster's near-term U.S. sales could be softer than expected.

"We downgrade shares of MNST to Neutral from Buy and remove the stock from the Americas Conviction List, and lower our 12-month price target to $59 (from $67) reflecting our view US sales could remain softer than expected in the near term, driving downward estimate revisions... We trim our EPS estimates by 1-2%, reflecting US sales growth of around 7% (down from 8%) for 2019... Since being added to the Americas Conviction List on 11/8/18 (post close), MNST shares are flat vs. the S&P 500 and up 5.6% vs. the XLP... Since being upgraded to Buy on 9/24/15 (pre open), MNST shares are down -19.9% vs. the S&P 500 and up 10.7% vs. the XLP... We attribute underperformance vs. the S&P 500 to margins having come in below expectations on higher commodity costs and to increased concern around competition..."

Jefferies downgrading Sony to 'hold' from 'buy'

Jefferies is downgrading Sony due to profit growth slowing and key segments showing weakness in 3Q results.

"What did we change and why? Recently, we warned of profit growth slowing down from FY3/20e onwards and risks of derating from exit of growth investors... Subsequently, Weak 3Q results showed that growth in key segments had already slowed down (esp Games and Music)... This has led us to cut our estimates. ...Additionally, we lower multiples for some segments (as an alternative to using lower PER for the group), given (1) slower profit growth (2) increasing uncertainty (3) unwillingness to exit Mobile phone business..."

Evercore ISI initiating Costco as 'outperform'

Evercore ISI initiated Costco saying loyal membership, positive revisions, and multiple appreciation should take the stock higher.

"It's a multichannel retail "food fight" out there, yet Costco continues to drive traffic and high single digit topline in a low to mid-single digit growth U.S. retail environment... COST faces the Amazon wall of worry, yet we believe their sticky membership model creates loyalty which can drive sales and profits higher for years to come... Positive ticket trends, solid digital growth, and additional lift in renewal rate are all reasonable on a 12-18 month outlook... Membership count half of Amazon Prime and higher spend/member provide room for growth as long as they don't let Amazon convenience chip away at their loyalty... Positive revisions & multiple appreciation should take the stock higher... We see high single digit total return prospects with a $260 share price and another 2-4% return from dividends including another special likely in the next 18-24 months...."

Evercore ISI initiating Home Depot as 'outperform'

Evercore ISI initiated coverage on Home Depot saying that, among other things, the stock is attractive and competition is shuttering.

"Compounder status intact... Fear Creates Opportunity... Cyclical pressures aside, we think Home Depot's stock is attractive as the fears of the peak of the housing cycle and tough 1H compares appear to be in the stock at 16.7x our 2020 EPS estimate... The key positives are digital pushing 8% of sales, Pro at almost a majority of sales, pricing power if tariffs escalate, and competitors such as Sears going away while Lowe's is shuttering capacity....Our Base Case of $215 is 19.5x our 2020e or $11.00..."

Evecore ISI initiating Bed, Bath, & Beyond as 'underperform'

Evercore ISI initiated Bed, Bath, & Beyond as underperform due to lower margins and rising competition.

"The last three years have not been banner years for Bed Bath & Beyond's franchises... With margins down from 16.5% in 2011 to ~3.5% in 2018 and comp store sales in the negative low single digits since 2016, it is no surprise to see the stock has lost about 80% of its value since 2015... While Bed Bath has been a share gainer from the demise of other big box specialty decor concepts like Linen 'N Things in the past, it is now facing mounting pressure (as are other retailers that sell branded goods) from online competition and discounters & clubs as the business still struggles to pivot to a winning multichannel strategy... With over $12bn of sales, Bed Bath & Beyond remains the third largest HF retailer in the U.S. garnering around 4-5% share... The two largest HF retailers remain Walmart and Target, who are not standing still. In addition, Wayfair and Amazon are catching up fast..."

SunTrust initiating Allergan as 'buy'

SunTrust sees Allergan's stock as inexpensive given its valuation.

"We are initiating coverage of Allergan, a global pharma company focused primarily on medical aesthetics, eye care, CNS, and gastroenterology, with a Buy rating and $178 PT... We share the market's frustration with AGN's underperformance but see the stock at these levels as an inexpensive one for which valuation reflects threats to the company's franchises as well as pessimism on the pipeline... As such, we see attractive return potential over the next 12+ months if the company continues to meet or exceed its financial targets and has even mixed pipeline success... As AGN has more debt, a lower dividend yield, and more dependence on external innovation relative its large-cap peers, it may take some time for traditional "Big Pharma" investors to embrace the stock... We do not see a quick fix from activism or structural changes at the company but expect investors to debate these themes..."

SunTrust initiating Jazz Pharmaceuticals as 'buy'

SunTrust says Jazz should continue to deliver strong revenue and earnings growth into the future.

"We are initiating coverage of Jazz Pharmaceuticals, a biopharma company focused primarily on the areas of sleep disorders and hematology/ oncology, with a Buy rating and $163 PT... Led by a capable and thoughtful management team, we expect JAZZ to deliver continued strong revenue and earnings growth over the next several years, which sets the company apart from many of its peers in the Biopharma space. Longer term, we also believe that the market may not fully appreciate the size and durability of the company's largest product Xyrem... And while the cost portion of our model reflects continued R&D commitment, it does not ascribe much credit for a return on this investment, which may prove conservative... JAZZ has a strong balance sheet and continues to search for opportunities that can become high-growth, durable products for specialty indications that can be marketed with a focused sales force..."

Telsey upgrading Dollar Tree to 'outperform' from 'market perform'

Following a meeting with Dollar Tree management, Telsey said the meeting provided clarity on the discount retailer's plans to improve its results.

Upgrading DLTR to Outperform Rating from Market Perform: Coming out of 4Q18, we were more constructive on Dollar Tree's aggressive approach to rejuvenating Family Dollar and the continued solid execution of core Dollar Tree, but wanted greater clarity of the path to potential improvement... Our meeting with Dollar Tree's management gave us that increased visibility and confidence in the company's plan, which is why we are upgrading the stock... In our view, Dollar Tree should see a return to earnings growth in 2H19, after heavy investments related to its transformation—Family Dollar remodels, rebannering, store closing, store support center consolidation—followed by EPS growth of 14%-18% in 2020, with the double digit trend to continue in 2021..."

Mizuho downgrading Wendy's to 'neutral' from 'buy'

Mizuho said the aggressive franchising strategy employed by the quick-service restaurant operators may have trouble succeeding, especially in international markets.

"Vision Refocused: Wendy's development struggles aren't news... The company revised its 2020 guidance last quarter for the second straight year driven partly by slower-than-expected pace of international development... In November, the company announced that it would be "re-evaluating its approach to international market entry" under new leadership (Abigail Pringle, formerly Chief Development Officer), which suggests that a more conventional route is likely in play..."

Mizuho downgrading YUM Brands to 'underperform' from 'neutral'

Mizuho blamed similar reasons for this downgrade as well.

"The resilience of the stock in the face of new top line challenges is a testament to the strength of the
asset-light narrative even as the company nears the final stages of its transformation... Looking forward, the majority of Yum's value creation over the next three years will be in the hands of its of franchisees, and as a result we expect a bumpier ride in free cash flow to equity growth... Our downgrade reflects our view that bull case on top line growth is entirely in the stock..."

J.P. Morgan downgrading FedEx to 'neutral' from 'outperform'

J.P. Morgan is downgrading FedEx primarily due to its negative earnings report and ongoing macroeconomic worries.

"Details of the Ground "transformation" should be disclosed later in CY19 although if management is not guiding to segment level margins we do not expect unveiling the new plan will be a catalyst for the stock... Lastly, while FDX screens favorably for the "Value" style, which outperforms as the business cycle recovers, we expect fundamental headwinds will most likely offset the stylistic tailwind we highlighted in our previous research..."

UBS downgrading Rockwell Automation to 'neutral' from 'buy'

UBS downgraded Rockwell due to changes in industrial production, end market growth, and valuation.

"We are downgrading ROK to Neutral with a $190 PT (~1:1 upside/downside)... Our modest ~1% reduction of '19 & '20 EPS estimates reflects decelerating Industrial Production activity (down 220bps over the past 6 months in the U.S.) flowing through to organic growth and earnings... Even with U.S./global indicators slowing, we do not expect a recession in the next 12-24 months, and we believe ROK will outgrow underlying IP growth as it has for most of the past 15 years. In our view, its ~19x multiple, ~15% above the S&P 500 (in line w/ its 15-year LT historical average, ex-'09 & '10), appropriately reflects cycle risks and ROK's ongoing competitive advantages..."

Swimwear is back at Victoria's Secret but only…

Swimwear has returned to Victoria's Secret.

But this time, Victoria's Secret Swim line of bathing suits is available only at VictoriasSecret.com/swimwear.

"Due to overwhelming demand, the brand has curated a limited assortment of the popular swimwear on its e-commerce platform for spring/summer featuring the best brands, silhouettes and trends of the season," the company said in a statement Monday.

The company announced that other lines – "a select assortment of the world's best swimwear brands" – will also be available online, including Seafolly, Banana Moon, Lascana and La Blanca.

Styles in the new collection include "high-waist bikinis, Brazilian-cut legs and asymmetric shapes, plus classics that Victoria's Secret Swim is known for."

Supermodels Sara Sampaio, Jasmine Tookes, Romee Strijd, Grace Elizabeth, Lorena Rae, Aiden Curtiss, Megan Williams and Maya Stepper are featured in the campaign for the collection.

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It's here. It's now. It's back. It's #VSswim. Shop it RIGHT NOW, online only. https://t.co/nenpxOE3Jbpic.twitter.com/YFSbkugdbW

— Victoria's Secret (@VictoriasSecret) March 18, 2019

In 2016, Victoria's Secret parent company, L Brands, decided to pull out of the swimwear category.

In late February, L Brands announced the lingerie retailer is closing 53 stores during a quarterly earnings call with analysts.

CLOSE

At an afterparty in New York, Victoria's Secret Angels react to fellow model Adriana Lima bidding farewell to the iconic lingerie brand. (Nov. 9) AP

The closings make up about 4 percent of the company's 1,143 Victoria's Secret stores worldwide. L Brands also owns Bath & Body Works.

During the call, officials announced swimwear was returning in March.

New sunglasses will be available in select stores and online, the company announced Monday.

It's fun. It's flirty. It's the best suits under the sun. It's #VSswim. https://t.co/0vvptIrqWFpic.twitter.com/yd4p02s7Sq

— Victoria's Secret (@VictoriasSecret) March 18, 2019

 

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FacebookTwitterGoogle+LinkedInPhotos: The 2018 Victoria's Secret Fashion Show FullscreenPost to FacebookPosted!

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Yep, it's that time of year! The angels are back in town for the 2018 Victoria's Secret Fashion Show, this year in New York. Elsa Hosk looks heavenly in the coveted, diamond-encrusted Fantasy Bra, worth $1 million.  Dimitrios Kambouris, (Credit too long, see caption)FullscreenThe night marks the end of an era for one Victoria's Secret Angel: Adriana Lima. ANGELA WEISS, AFP/Getty ImagesFullscreenLima hung up her wings with an emotional tribute, retiring from the fashion show that made her a household name. Evan Agostini, Evan Agostini/Invision/APFullscreenKendall Jenner returns to the Victoria's Secret runway, continuing to flex her top model status. ANGELA WEISS, AFP/Getty ImagesFullscreenThe supermodel got some runway practice on Halloween, dressing as Victoria Secret angels with her Kardashian-Jenner sisters.  Kevin Mazur, WireImageFullscreenGigi Hadid is back after skipping out on the Shanghai show in 2017. Dimitrios Kambouris, (Credit too long, see caption)FullscreenHadid struts her angel wings as if she never missed a beat.  Dimitrios Kambouris, (Credit too long, see caption)FullscreenGigi's younger sister Bella Hadid is a vision in white ...  Dimitrios Kambouris, (Credit too long, see caption)Fullscreen... and sultry in black. Kevin Mazur, WireImageFullscreenBehati Prinsloo walks the runway just months after giving birth to her second child with husband and "The Voice" star Adam Levine. Kevin Mazur, WireImageFullscreenThe 30-year-old model is back after a three-year hiatus from the show to focus on her children, 2-year-old Dusty Rose and 7-month-old Gio Grace.  ANGELA WEISS, AFP/Getty ImagesFullscreenLais Ribeiro is a star, literally.  Kevin Mazur, WireImageFullscreenCandice Swanepoel is all smiles on the runway.  ANGELA WEISS, AFP/Getty ImagesFullscreenIn her second look, Swanepoel strikes a pose.  Kevin Mazur, WireImageFullscreenWinnie Harlow is giving us major flower-power vibes.  ANGELA WEISS, AFP/Getty ImagesFullscreenGrace Bol brings a pop of color to the runway.  Dimitrios Kambouris, (Credit too long, see caption)FullscreenA lineup of musicians are also on the runway, alongside Victoria's Secret angels, to provide live entertainment. Performers include Rita Ora.  Dimitrios Kambouris, (Credit too long, see caption)FullscreenHalsey looks like a literal angel with feathery skirt and matching eyebrows. Dimitrios Kambouris, (Credit too long, see caption)FullscreenBebe Rexha matches the runway.  ANGELA WEISS, AFP/Getty ImagesFullscreenShawn Mendes steals the Angels' (and the audience's) heart with his vocals. Evan Agostini, Evan Agostini/Invision/APFullscreenBefore the show, Sara Sampaio has her tresses curled for the big show. Slaven Vlasic/FilmMagicFullscreenAngel Romee Strijd, right, gets prepared for the big show backstage, Thursday. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenElsa Hosk's has her makeup applied backstage. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenAngel Elsa Hosk has the honor of wearing the Victoria's Secret million-dollar Fantasy Bra in tonight's show. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenA Victoria's Secret model gives an interview during hair and make-up sessions before the start of the Victoria's Secret fashion event. JASON SZENES/EPA-EFEFullscreenSadie Newman has some fun backstage. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenAngel Zuri Tibby sends a kiss. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenShanina Shaik gives a sultry look backstage. Axelle/Bauer-Griffin/FilmMagicFullscreenKendall Jenner prepares backstage during the Victoria's Secret Fashion Show. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenAngel Mayowa Nicholas gets a touch-up backstage at Pier 94 in New York. Dia Dipasupil/Getty Images for Victoria's SecretFullscreenSwedish-Australian model Kelly Gale prepares. ANGELA WEISS/AFP/Getty ImagesFullscreenVeteran Angel Elsa Hosk looks ready for her close-ups during hair and makeup sessions before the start of the 2018 Victoria's Secret Fashion Show.  JASON SZENES/EPA-EFEFullscreenDutch model Romee Strijd gets some TLC for her toes. ANGELA WEISS/AFP/Getty ImagesFullscreenNamibian model Behati Prinsloo prepares for the 2018 Victoria's Secret Fashion Show in hair and makeup backstage at Pier 94 in New York. ANGELA WEISS/AFP/Getty ImagesFullscreenNew Zealand's Maia Cotton ANGELA WEISS/AFP/Getty ImagesFullscreenLais Ribeiro, left, Jasmine Tookes and Josephine Skriver pose wearing Mary Katrantzou T-shirts. Dia Dipasupil/Getty Images for Victoria's SecretFullscreenAngel Maggie Lane JASON SZENES/EPA-EFEFullscreenVictoria's Secret Angel Sui He is all smiles. Dia Dipasupil/Getty Images for Victoria's SecretFullscreenSupermodel Bella Hadid sits for hair and makeup. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenCandice Swanepoel, left, Behati Prinsloo, singer Rita Ora and Adriana Lima  Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenTa-da! Tanzanian model Herieth Paul, U.S. model Taylor Hill and South Sudanese model Grace Bol  ANGELA WEISS/AFP/Getty ImagesFullscreenJosephine Skriver Charles Sykes/Invision/APFullscreenStella Maxwell sits for makeup. ANGELA WEISS/AFP/Getty ImagesFullscreenCheese! Agel Jasmine Tookes poses with a Fujifilm Instax camera. Dia Dipasupil/Getty Images for Victoria's SecretFullscreenHungarian model Barbara Palvin ANGELA WEISS/AFP/Getty ImagesFullscreenBella Hadid looks camera-ready. ANGELA WEISS/AFP/Getty ImagesFullscreenLegs, legs, legs! Angels Maggie Laine, left, Alexina Graham, Myrthe Bolt, Barbara Palvin, and Leomie Anderson show off backstage. Dia Dipasupil/Getty Images for Victoria's SecretFullscreenMartha Hunt ANGELA WEISS/AFP/Getty ImagesFullscreenFrida Aasen, left, Sophia Neophitou and Herieth Paul get close. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenThe hair and makeup hustle and bustle backstage. Every year, the Victoria's Secret show brings its famous models together for a glittery catwalk extravaganza. According to Harper's Bazaar, it's the most-watched fashion event of the year, with around $12 million spent on putting the spectacle together. ANGELA WEISS/AFP/Getty ImagesFullscreenMaggie Laine gives a little show backstage. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenGigi Hadid takes media questions. Roy Rochlin/Getty ImagesFullscreenAngels Grace Bol, left, Subah Koj and Herieth Paul ANGELA WEISS/AFP/Getty ImagesFullscreenDutch model Yasmin Wijnaldum gets a selfie. ANGELA WEISS/AFP/Getty ImagesFullscreenRita Ora  Dia Dipasupil/Getty Images for Victoria's SecretFullscreenMing Xi, left, and Kendall Jenner Dia Dipasupil/Getty Images for Victoria's SecretFullscreenVeteran Angel Adriana Lima takes media questions. Roy Rochlin/Getty ImagesFullscreenModel Winnie Harlow is all smiles. Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenKendall Jenner Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenGizele Oliveira will be ready for her close-up! Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenMing Xi works a video rig with Gigi Hadid, right, as the prep for the Victoria's Secret Fashion Show 2018. Dia Dipasupil/Getty Images for Victoria's SecretFullscreenGigi Hadid gets hair care backstage. Dia Dipasupil/Getty Images for Victoria's SecretFullscreen Josie Canseco and Iesha Hodges pose backstage before the show begins.  Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreenShanina Shaik Dimitrios Kambouris/Getty Images for Victoria's SecretFullscreen