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Barclay's raises price target on Club holding Wynn Resorts (WYNN) to $95 per share from $75; keeps an equal weight (hold) rating. Citi raises price target on Club holding Linde (LIN) to $402 per share from $322; keeps buy rating. HSBC starts Club stock Nvidia (NVDA) with a reduce rating and a $136-per-share price target; says downside not priced in. Cowen downgrades JetBlue (JBLU) to market perform from outperform (hold from buy); trims price target to $10 per share from $9. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
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. Consumer staple companies will "be able to keep putting up solid earnings growth even as most other industries will experience down numbers," Cramer said. Campbell SoupCampbell Soup is the third-best performing consumer goods stock this year, and with good reason, according to Cramer. Estee LauderThe prestige beauty company stock will likely roar higher with China poised to reopen its economy, Cramer predicted.
Goldman Sachs upgrades Pfizer to buy from neutral Goldman said that it's bullish Pfizer's upcoming pipeline. Citi downgrades Robinhood to neutral from buy Citi said that Robinhood's outlook is too murky right now. Goldman Sachs upgrades Humana to buy from neutral Goldman upgraded the healthcare company and says it sees "improved competitive positioning." Citi initiates Wayfair and Etsy as buy Citi said it sees an attractive risk/reward outlook for Wayfair and Etsy . Citi initiates Carvana as neutral Citi said the online used car company needs to focus on profitability.
The government says November producer prices rose 0.3% overall versus the 0.2% expected increase. Citi raises 3M (MMM) price target to $126 per share from $117; sees still emerging fiscal tailwinds. Wells Fargo upgrades Netflix (NFLX) to overweight from equal weight (buy from hold), raising its price target to $400 per share from $300. Baird raises price target on RH (RH), formerly known as Restoration Hardware, to $300 per share from $275; keeps neutral rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Final Trades: Estee Lauder, Lennar, Public Service & more
  + stars: | 2022-12-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Estee Lauder, Lennar, Public Service & moreThe "Halftime Report" traders give their top picks to watch for the second half.
Impact on Club stocks Club stocks with China exposure largely followed the broader market lower Wednesday amid a day of choppy trading in equity and energy markets, fueled by growing fears of a recession. Chip designer Qualcomm (QCOM) also has warned about the impact of China's Covid policy, saying that overall macroeconomic weakness in the country has weighed on smartphone demand. But Wednesday's announcement, nonetheless, signals an important development for Club stocks with China exposure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Two out of the Club's three stocks tied closely to China — Starbucks (SBUX) and Wynn Resorts (WYNN) — are down. Barclays piles on and cuts every price target for oil companies. RBC Capital raises price target on Nike (NKE) to $120 per share from $115; keeps outperform (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Buy and hold Estee Lauder China on Wednesday announced significant rollbacks of its stringent zero-Covid policy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Textron – Shares of Textron jumped 6% after the company won a U.S. Army contract that could be worth $70 billion to provide next-generation helicopters. Charter Communications – Charter Communications fell 5% after analysts at Citi added a negative catalyst watch to the company heading into its analyst day. Signet Jewelers – Shares of Signet Jewelers surged 18% after the company announced earnings results that beat Wall Street's expectations before the market open Tuesday. SVB Financial Group – Shares of SVB Financial slid nearly 4%, reaching a 52-week low earlier in the day. Semiconductor stocks – Semi stocks Advanced Micro Devices and Nvidia fell 4% and 3.1% respectively amid a broader selloff in the Nasdaq.
Final Trades: Boeing, Enterprise Products & Estee Lauder
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Boeing, Enterprise Products & Estee LauderThe "Halftime Report" traders give their top picks to watch for the second half.
Buy shares of Estee Lauder as China starts to ease Covid restrictions, according to Deutsche Bank. Analyst Steve Powers upgraded shares to buy from hold, saying the higher likelihood Beijing will ease Covid restrictions in March or April raises confidence in the stock. Shares of Estee Lauder came under pressure this year as the beauty company with a high exposure to China dealt with the country's strict Covid restrictions. The analyst expects that Estee Lauder's China business will recover after struggling in 2022. Estee Lauder is expected to have three additional distribution centers over the next half year, with one already open in Guangzhou, according to the note.
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. Buy Estee Lauder," Jim Cramer said during the Investing Club's "Morning Meeting " on Tuesday. Analysts at Deutsche Bank predicted margins in makeup, which are a "key driver of outsized profit growth long term," will recover once revenues return to pre-pandemic levels. Estee Lauder is an iconic brand that's one of the best ways to play Asia's return to travel — and we believe we'll be rewarded for our patience. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Here are Tuesday's biggest calls on Wall Street: UBS reiterates Apple as buy UBS said Apple's iPhone supply chain headwinds are abating. Cowen reiterates TJX Company as outperform Cowen said it's feeling more bullish on the stock after a series of recent management meetings. Piper Sandler reiterates Tesla as outperform Piper said reports of Tesla cutting production in China are mostly overdone. Bank of America reiterates Chipotle as buy Bank of America said the Mexican chain restaurant has "price elasticity." Oppenheimer upgrades General Electric to outperform from market perform Oppenheimer said it's starting to see strong execution from GE .
Later in the session, prices turned lower and U.S. oil prices are dropping another 1% on Tuesday. Deutsche Bank updates Club name Estee Lauder (EL) to buy from hold; raises price target to $266 per share from $209. In off-price target, the Club likes and owns TJX Companies (TJX), with T.J. Maxx, Marshalls and HomeGoods brands. However, Deutsche Bank raises price target on Club holding and Corona beer maker Constellation Brands (STZ) to $249 per share from $244; keeps hold rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
There's less than 2% upside at the high end of his year-end S & P 500 price target of 4,000 to 4,150. Citi cuts price target on Club holding Salesforce (CRM) to $164 per share from $170 but keeps neutral rating. Deutsche Bank downgrades Starbucks (SBUX) to hold from buy but increases price target to $106 per share from $100. Ulta Beauty (ULTA) price target raised to $548 per share to $511 at Barclays, which also keeps its overweight rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
So thought we'd look at what the Santa Claus rally phenomenon is all about and which Club stocks have had the best and worth December track records in recent years. It's a seven-day stretch over which the S & P 500 has historically tended to climb. The entire month of December has actually proven to be a historically strong period for the stock market. Investors would surely welcome a strong December after a terrible 11 months for the stock market. The S & P 500 tanked more than 9% that December, which at the time was its worth monthly performance in nearly a decade.
InsiderCate Luzio is the founder and CEO of Luminary, a women's coworking space and professional network. Between March and April, the company lost about 80% of its revenue, Luzio told Insider. During the Zoom meeting in April, the founder told her full-time staff members that she had to make some cuts. Luzio told her team to take time to think, but the workers decided unanimously within minutes: Everyone chose the pay cut and told their boss they weren't going anywhere. Luzio and her team spoke with Insider about the pivotal moment in Luminary's business.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stock picks Here are two stock picks Jim Cramer highlighted Tuesday for new Club members: Estee Lauder (EL): We're bullish on the prestige beauty company's stock and have been slowly adding to our small position since late September . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
A wave of unrest in China could spell trouble for investors holding stocks with sizeable chunks of revenue exposed to the country. Protests erupted across China over the weekend as citizens pushed back against the country's strict and prolonged zero-Covid protocols . Here are some of the stocks we found: Tesla is the largest company on the list by market capitalization, with more than a quarter of its revenues exposed to China. Another stock in our screen is elevator manufacturer Otis Worldwide , with a little over 20% of revenues exposed to the country. Many semiconductor stocks such as Intel , Nvidia and Advanced Micro Devices also made the list — including Qualcomm , with the highest revenue exposure to China on the list.
Global stocks slumped Monday on growing concerns about intensifying protests across China over the communist government's strict Covid policies. Apple (AAPL) — Revenue from China : 17.7% (China is the iPhone maker's second-largest market, lagging just the U.S. at 37.5% of sales.) Disney (DIS) — Revenue from China: 4.8% Devon Energy (DVN) — Revenue from China: 0% Estee Lauder (EL) — Revenue from China: 29.7% (China is the cosmetic giant's largest sales market, followed by the U.S. at 19.8%, per FactSet.) Ford Motor (F) — Revenue from China: 4.6% Alphabet (GOOGL) — Revenue from China: 3.8% Halliburton (HAL) — Revenue from China: 1.6% Honeywell International (HON) — Revenue from China: 4.2% Humana (HUM) — Revenue from China: 0% Johnson & Johnson (JNJ) — Revenue from China: 3.1% Eli Lilly (LLY) — Revenue from China: 5.7% Linde (LIN) — Revenue from China: 8.1% Meta Platforms (META): Revenue from China: 2.6% Morgan Stanley (MS) — Revenue from China: 2.6% Microsoft (MSFT) — Revenue from China: 12.4% Nvidia (NVDA) — Revenue from China: 25.8% — keep in mind: Nvidia's revenue is not attributed to the country in which the consumer buys a product that contains one of the company's semiconductors. Procter & Gamble (PG) — Revenue from China: 13.7% (China is P & G's second-largest sales market, with the U.S. accounting for 45.5% of revenue).
The Club stocks most tied to China Estee Lauder (EL) and Starbucks (SBUX) are down about 1% in the premarket. Oppenheimer cut price target on chipmaker Marvell Technology (MRVL) to $80 per share from $90; sees slower enterprise. Morgan Stanley lowers Take-Two Interactive (TTWO) price target to $140 per share from $150 but keeps overweight (buy) rating. Citi raises price target on value retailer Five Below (FIVE) to $186 per share from $170; keeps buy rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.
The Lipstick Index Is Back
  + stars: | 2022-11-24 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
Lipstick is one of the few beauty products where sales are up versus before the pandemic. Masks off, lipstick index on. In a gloomy economy, consumers might cut back on other discretionary purchases but will keep shelling out for small luxuries such as lipstick—or so goes the theory. “When lipstick sales go up, people don’t want to buy dresses,” Leonard Lauder , then-chairman of Estée Lauder who is widely credited for coming up with the so-called “lipstick index,” told The Wall Street Journal in 2001.
Gucci designer’s exit boosts Kering’s M&A urgency
  + stars: | 2022-11-24 | by ( Lisa Jucca | ) www.reuters.com   time to read: +3 min
MILAN, Nov 24 (Reuters Breakingviews) - The abrupt departure of star Gucci designer Alessandro Michele on Wednesday is putting French luxury boss François-Henri Pinault on the spot. The Italian brand, Kering’s (PRTP.PA) largest, has been a money-spinner for the 68 billion euro French conglomerate. Gucci revenue nearly trebled to 9.6 billion euros between 2014 and 2019. Reuters GraphicsFollow @LJucca on TwitterCONTEXT NEWSKering’s top brand Gucci said on Nov. 23 Creative Director Alessandro Michele had stepped down. Under Michele’s creative leadership, Gucci sales grew nearly three times from 2014 to 9.6 billion euros in 2019, one of the best performing brands in the luxury world.
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