Estee Lauder Companies Inc

We're taking a big win in this prestige beauty firm Friday, locking in a gain of about 18% on stock we purchased in late September of 2022. We're taking a big win in this prestige beauty firm Friday, locking in a gain of about 18% on stock we purchased in late September of 2022. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong…

As we kick off 2023, Wall Street appears to be shifting its focus from inflation to growth. Investors apparently believe the Federal Reserve has inflation under control after dramatically raising interest rates throughout last year. Now, those higher rates are fueling fears of a recession in the U.S. But the deepening U.S. economic slowdown comes just as China has moved to abandon its zero-Covid policy and reopen its economy after 3 years. While the U.S. has been forced to rein in its economy due to multi-decade-high…

China's latest move to roll back its zero-Covid policy by scrapping quarantine restrictions for international travelers is the last leg of recovery we've been waiting for to help bolster Club holdings that have been weighed down by three years of stringent pandemic rules. Club names with significant China exposure were trading higher on the news Tuesday. Casino giant Wynn Resorts (WYNN) climbed more than 5%, cosmetics firm Estee Lauder (EL) rose more than 3% and industrial giant Honeywell (HON) ticked up 0.54% in midday…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. Buy EL before day-end We like the NFL-YouTube deal Buying some more STZ 1. Buy El before day-end China will move to curtail quarantine requirements for overseas travelers next month, according to Bloomberg . This suggests that China could be reopening its economy faster than expected, which bodes well for Club holding Estee Lauder (EL). We believe that new Club members in…

CNBC's Jim Cramer on Wednesday recommended a slate of consumer staple stocks for 2023."I'm not entirely convinced that we're headed for a recession next year, but we're definitely looking a meaningful slowdown, and that's terrific for the consumer staples," he said.The Fed raised interest rates by 50 basis points Wednesday, breaking its streak of four consecutive 75-basis-point increases, and forecast hiking rates through next year. Chair Jerome Powell also signaled that the central bank needs to parse through more data…

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading.Moderna – The drugmaker saw its stock soar more than 22% after the company issued promising data about its cancer treatment. Moderna announced that its experimental melanoma vaccine combined with Merck cancer treatment Keytruda cut the risk of skin cancer recurrence or death by 44%, compared with a…

The Chinese government's move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks ( SBUX), all of which have been weighed down by nearly three years of lockdowns. The news China's National Health Commission on Wednesday said people will now be able to travel throughout the country without showing a negative Covid test or health code. The new rules also allow those…

Deutsche Bank Tuesday upgraded Club holding Estee Lauder (EL) on the back of an expected reopening of China's economy, in line with the Club strategy of buying up the cosmetics giant's stock as Beijing loosens harsh Covid-19 restrictions. "The opening of China is a really big deal for people going out. Don't ignore it. Buy Estee Lauder," Jim Cramer said during the Investing Club's "Morning Meeting " on Tuesday. Deutsche Bank in a research note upgraded Estee Lauder to a buy rating, from hold, due to an "increased…

Estee lauder (EL) popped after China loosened its Covid restrictions, a move we've long predicted. Estee lauder (EL) popped after China loosened its Covid restrictions, a move we've long predicted. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of…

Strange, but true: The S & P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index's average one-year gain in 17 post-elections windows has been about 15%. Those facts are on our minds this Election Day, as voters cast their ballots amid a rough year on Wall Street. Everyone is wondering when we'll see, or whether we've already seen, the bottom in the current bear market. Of course, past…