Shortly after the opening bell, we will be buying 50 shares of Estee Lauder at roughly $139.
Following the trade, Jim Cramer's Charitable Trust will own 475 shares of EL, increasing its weighting to 2.1% from 1.9%.
We're making a small buy in Estee Lauder and upgrading our rating to a 1.
That's why we took notice Thursday when analysts at Deutsche Bank made a bullish call on Estee Lauder.
As a reminder, Estee Lauder expects this plan will increase operating profit by $1.1 billion to $1.4 billion.
Persons:
Estee Lauder, Jim Cramer's, Fabrizio Freda, We've, Freda, Deutsche Banks, Jim Cramer, Jim
Organizations:
Deutsche Bank, CNBC
Locations:
Estee Lauder, China, United States