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☆ Bullish on Estee Lauder, Starbucks, even as China set to hold back earnings
  + stars: | 2022-11-01 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
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. Estee Lauder reports its 2023 fiscal first-quarter results Wednesday before the opening bell. Coffee chain Starbucks, which relies on China for roughly 13% of sales, is another U.S. retailer facing "mounting China concerns," according to Baird. Similarly with Estee Lauder, we're convinced that once Covid restrictions are lifted, Chinese demand for its beauty products will improve. Beyond the China headwind, we maintain our thesis that Estee Lauder is a leader is its industry that can withstand short-term pressures.
☆ Apple surges to add $178 billion in market value as 4th-quarter earnings help drive a turnaround in the stock market
  + stars: | 2022-10-28 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Apple soared 8% on Friday following the release of its better-than-expected fourth-quarter earnings report. The iPhone maker added $178 billion in market value on Friday and helped drive a strong rebound in the stock market. "Apple saves the market from big tech meltdown," Louis Navellier said in a Friday note. The surge added $178 billion to Apple's market capitalization and helped drive an impressive rebound in the broader stock market, with the Dow Jones, Nasdaq 100, and S&P 500 all surging more than 2% in afternoon trades. But Wall Street remains upbeat on Apple, especially after a week of disappointing results from its mega-cap tech peers.
☆ Wait for the dust to settle after Alphabet's poor results before taking action on the stock
  + stars: | 2022-10-25 | by ( Jeff Marks | ) www.cnbc.com   time to read: +7 min
But we think Club members should wait until the dust settles before taking any action. Even Google Search, the greatest advertising platform in the world, was not immune to some macroeconomic pressures. Revenue breakdown Google Advertising revenue increased 2.5% year-over-year, to $54.48 billion, missing the consensus estimate of $56.59 billion. Google Search & Other revenue rose 4%, to $39.54 billion, below the $40.93 billion forecasted by analysts, driven by a solid performance in travel and retail. Still, we see no reason to doubt the resilience of Google Search due to its strong measurability and high return on investment.
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