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 3 years of stringent pandemic rules. Club names with significant China exposure were trading higher on the news […]
Tag: 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 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, […]
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 [at] 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 […]
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Check 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 […]
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 […]
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. Stock picks Disney’s pivot to profitability? Confident in Microsoft 1. Stock picks Here are two stock picks Jim Cramer highlighted Tuesday for new Club members: Estee Lauder (EL): We’re bullish […]
Then-President-elect Donald Trump shakes hands with Ronald Lauder, President of the World Jewish Congress, after a meeting on December 28, 2016 at Mar-a-Lago in Palm Beach, Florida. Don Emmert | AFP | Getty Images Billionaire and GOP megadonor Ronald Lauder won’t help finance Donald Trump’s 2024 campaign for president, his spokesman told CNBC on Wednesday. […]
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 […]
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, […]
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 […]