201.85 +0.20 (0.10%)
Pre-Market: 7:16AM EDT
|Bid||0.00 x 800|
|Ask||203.50 x 1800|
|Day's Range||191.31 - 202.84|
|52 Week Range||121.47 - 202.84|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||41.31|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||1.72 (0.96%)|
|1y Target Est||194.18|
Estée Lauder, Uber, Google, Tesla, Microsoft and Nvidia are the companies to watch.
U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies. After the market close, the Washington Post reported that White House officials have discussed the possibility of a temporary payroll tax cut to spur the U.S. economy, joining other global economic stimulus efforts.
Estee Lauder earnings beat views with the cosmetics maker guiding higher for the current fiscal year. Estee Lauder stock jumped, offering a new buy point.
Shares of Apple Inc provided the biggest boost to the three main Wall Street indexes. President Donald Trump said on Sunday that he had spoken with Apple Chief Executive Officer Tim Cook, who "made a good case" that tariffs could hurt Apple. The Dow Jones Industrial Average rose 266.72 points, or 1.03%, to 26,152.73, the S&P 500 gained 36.54 points, or 1.26%, to 2,925.22 and the Nasdaq Composite added 109.85 points, or 1.39%, to 8,005.84.
Estée Lauder stock is soaring following robust fiscal fourth-quarter results, which showed strength across geographic regions and business lines. Barron’s spoke with the CEO following the beauty brand’s earnings call.
Estee Lauder Cos. stock soared more than 11% in Monday trading after the beauty and skincare company reported fourth-quarter earnings that beat expectations. The upbeat result also gave competitor E.L.F. Beauty Inc. a bump, with that stock jumping 6.4%. Estee Lauder brands, including its namesake, Clinique and La Mer, operate on the high-end of the beauty spectrum. While E.L.F., which sells many items priced at $10 and below, is more affordable. Estee Lauder stock is up 53% for the year to date. E.L.F. shares are up more than 102%. And the S&P 500 index is up 16.8% for the period.
After the three main Wall Street indexes racked up their third straight weekly loss despite Friday's bounce, investors will weigh trade risks and signs of slowing growth against the potential for more action from the U.S. Federal Reserve and others in September. The focus this week will be on Wednesday's release of minutes from the Fed's July policy meeting, when the central bank cut rates for the first time in more than a decade, and Chair Jerome Powell's speech in Jackson Hole on Friday. "Everything is up because the Street is expecting Fed Chairman Powell to push for an additional cut when he addresses bankers in Jackson Hole," said Peter Kenny of Kenny's Commentary LLC and Strategic Board Solutions LLC in New York.
Cosmetic companies like Estee Lauder and L'Oreal are seeing a boom in their business in the Asia-Pacific region, mainly in China, as affluent millennials spend more at beauty retailers and duty-free stores at airports. Shares of Estee Lauder, which reported better-than-expected fourth-quarter results, rose as much as 11% to $198.62. The efforts helped sales in the Asia-Pacific region grow 18% in the fourth quarter, while sales in the skincare business, its biggest and most profitable, rose 15% to $1.59 billion, boosted by demand for its premium skincare brands such as La Mer and Clinique.
Estee Lauder's (EL) top and bottom lines improve year over year and surpass estimates in Q4. The company continues to gain from strength in most categories.
The major stock indexes were sharply higher early Tuesday. Apple was one of the top performers with a near-3% gain.
Major U.S. indexes are swelling in today's early session, continuing from last week's climb up off the canvas following the worst trading day of the year on Wednesday.
Estée Lauder’s stock has soared in premarket trading as the cosmetics giant beat sales forecasts due to strong sales in Asia.
Wall Street was set for sharp gains at open on Monday as signs of an interest rate reform in China bolstered hopes that major economies would act to stave off the slowing economic effects of escalating global trade tensions. A bond market rally last weak sparked by fears of a slowdown following the inversion of the yield curve eased further on Monday with U.S. Treasury yields rising across the board, helping futures higher. "The yield curve is widening and people are starting to feel like its time to get back into stocks, especially after they've gotten cheaper in the past few weeks," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.
Dividend paying stocks like The Estée Lauder Companies Inc. (NYSE:EL) tend to be popular with investors, and for good...
Estee Lauder (EL) delivered earnings and revenue surprises of 20.75% and 1.79%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Estee Lauder Companies Inc (NYSE: EL ) reported fourth-quarter earnings of 64 cents per share, which beat the analyst consensus estimate of 53 cents. This is a 4.92% increase over earnings of 61 cents ...
Estee Lauder Cos Inc forecast full-year revenue and profit above Wall Street expectations after beating estimates for quarterly earnings on Monday, bolstered by booming demand for its premium skincare products such as La Mer and strength in its Asia-Pacific business. Sales in the skincare business, its biggest and most profitable segment, rose 15% to $1.59 billion in the fourth quarter, while sales in Asia-Pacific region, which includes China, grew 18%. The company said it expects full-year sales to grow in the range of 7% to 8% and adjusted profit to be between $5.90 and $5.98 per share in fiscal 2020.
Estee Lauder posted fiscal fourth-quarter earnings that crushed estimates. Yahoo Finance's Heidi Chung joins Akiko Fujita on 'The Ticker' to discuss how the beauty company plans to adapt to the ever-changing retail industry.