Estee Lauder Companies Inc

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 Tuesday's key moments. Oil in focus Quick mentions: TJX, NVDA, EL DIS earnings 1. Oil in focus ahead of elections U.S. oil prices could move higher if Republicans prevail in the U.S. midterm elections Tuesday, as a GOP-controlled Congress would be unlikely to approve a potential proposal by President Biden to raise taxes on oil companies . West Texas Intermediate crude — the U.S. oil benchmark —…

Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to know no bounds, as we mark one year ago this month since the Nasdaq last closed at a record high. (To be clear, I am not talking about the Apple (AAPL) release from Sunday evening about the iPhone 14 Pro and Pro Max issues due to a showdown in production due to Covid restrictions in China . That's because those are supply not…

Estee Lauder (EL) and other Club holdings with meaningful exposure to the Chinese economy bounced Friday, following news that BioNTech 's (BNTX) Covid vaccine will soon be available to foreign residents living in China. We're cautiously optimistic about the vaccine development , which adds to hopes that Beijing will soften its restrictive pandemic policies after years of regular virus testing, limits on travel and rolling lockdowns that have weighed on the world's second-largest economy. A former Chinese public health…

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 Friday's key moments. Stocks wavering Club stocks soar China vaccine news Buying up more CTRA 1. Stocks wavering Stocks were mixed in midday trading Friday after rallying this morning following four consecutive days of losses. The S & P 500 Short Range Oscillator is still overbought at 6.53%, while the major stock indices are on track to close out the week with losses. Meanwhile, oil prices…

Check out the companies making headlines before the bell:CVS (CVS) – CVS gained 1.9% in the premarket after reporting better-than-expected revenue and profit for its latest quarter. The company also raised its adjusted full-year guidance. The outlook excludes charges related to a just-announced $5 billion settlement of opioid litigation.Estee Lauder (EL) – The cosmetics maker's shares tumbled 11.5% in premarket trading after the company issued a weaker-than-expected outlook, noting higher costs, a stronger US dollar and…

Estee Lauder (EL) reported a better-than-expected fiscal first quarter, but a downbeat forecast for the rest of its fiscal year sent shares lower Wednesday. However, if not for our Club trading restrictions , we would have been buyers on the weakness. First, the headline numbers: Quarterly revenue declined 11% year over year to $3.93 billion, which was in line with the consensus estimate, according to Refinitiv. Organic net sales fell 5%, and that's a little better than management's guidance of an 8% to 10% decline, as…

Wall Street's worried China's draconian Covid-19 restrictions — which have weighed heavily on the world's second largest economy for nearly three years — could drag down earnings at Estee Lauder (EL) and Starbucks (SBUX) when the two U.S. companies report this week. At the Club, we've also tempered our expectations given the heavy exposure of both holdings to China, but believe the headwinds are temporary and that the Chinese economy will gradually reopen in the quarters ahead. Estee Lauder reports its 2023 fiscal…

Using correlations and the barbell strategy can help inform trading decisions in any market. Using correlations and the barbell strategy can help inform trading decisions in any market. 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 the content…

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 Tuesday's key moments. We like the banks here We're making 1 sale and 2 buys Don't sell CRM into strength 1. We like the banks here We still like the banks, one of the new market leaders , on a day where the market is rallying for a second consecutive day. Of course, Club names Morgan Stanley (MS) and Wells Fargo (WFC) are our favorites, with the latter being Jim Cramer's top pick in the…

This small buy reflects our push to increase exposure to high-quality companies that are on sale but do not carry a lot of economic sensitivity. This small buy reflects our push to increase exposure to high-quality companies that are on sale but do not carry a lot of economic sensitivity. 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…