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Opinion: Our possibly short national nightmare
  + stars: | 2024-01-21 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
“My fellow Americans, our long national nightmare is over,” President Gerald Ford said. “Our campaign is the last best hope of stopping the Trump-Biden nightmare,” the former UN ambassador said. If not, it won’t be as protracted a “national nightmare” as the two-year-long Watergate scandal that put Gerald Ford in the Oval Office. Though, depending on your point of view, the real nightmare could begin after the swearing-in. Yet, John Avlon wrote, Trump and some members of the House GOP, want to tank an emerging compromise in the Senate that would couple border security measures with aid to Ukraine.
Persons: CNN —, Richard Nixon, , Gerald Ford, Ford, Gerald Ford’s, Nikki Haley, Joe Biden, Donald Trump, Clay Jones, we’ll, Haley, MAGA, , Frida Ghitis, Trump, ” Haley, ” Trump, Patrick T, Brown, Daniel McCarthy isn’t, Donald Trump’s, Ron DeSantis, Vivek Ramaswamy, ” Nick Anderson, Biden isn’t, Dean Phillips, Cupp, Biden, ” Dana Summers, Karen Finney, Robert E, Lee, ” Finney, , Keith Magee, Julian Zelizer, Trump Samuel L, Adams, King David Border, Adolf Hitler, “ Mein, Paul Moses, Edward Alsworth Ross, Moses, Ross, … ”, — Hitler’s, It’s, who’ve, John Avlon, Scott Stantis, Mike Johnson, Alice Driver, Greg Abbott’s, Jean Carroll, Bill Bramhall, News Trump, Carroll, Danielle Campoamor, “ Carroll, , she’s, Shawn Crowley, Robert C, Gottlieb, ” “, Jack Ohman, Gerald Auten, David Splinter, Jordan McGillis, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, McGillis, Melissa Kearney, ” Elise Gould, Josh Bivens, ” Elisabeth Kendall, Peter Bergen, ” Kendall, Sheena McKenzie, Izzeldin Abuelaish, Peter Rutland, Israel ’, Nafees Hamid, Walt Handelsman, Sara Stewart, Katherine Heigl, Jill Filipovic, Jeremy Allen White, J, Chen, Suzanne Nossel, Jade McGlynn, Holly Thomas, Estee Lauder, mascara, don’t, ” Thomas Organizations: CNN, Netflix, Trump, Biden, UN, New, Republican, Florida Gov, South Carolina Gov, GOP, Democratic, New Hampshire, Agency, Aggression, CNN Town Hall, American Sociological Association, , ified GOP, Texas Gov, News, Brookings, Social, Administration, US, Cambridge University’s Girton College, Wesleyan University, Palestine, Times Locations: Republic, Iowa, New Hampshire, Minnesota, New, Virginia, North Carolina, mealtimes, curriculums, America, Ukraine, New York, Manhattan, Yemeni, Red, Gaza, Israel, Americas
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. 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 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.
Persons: Jim Cramer, Goldman Sachs, Wells, bioprocessing, Estee Lauder, Gamble, Jim Cramer's, Jim Organizations: CNBC, CME, Broadcom, Nvidia, Meta, Procter, PCE, Jim Cramer's Charitable
The closer you look at the teen (and even tween) skin care craze, the more blemishes appear. The modern rebranding of “beauty products” to “skin care” - reminiscent of that of “diets” to “lifestyles”- implies that simply leaving your skin alone is tantamount to negligence. In 2020, clinical skin care brand Murad enlisted high-school influencers to promote its rejuvenating serums on Instagram. Considering how many such products tend to feature in the average online skin care routine, the potential cost overall is breathtaking. The most worrying thing about today’s skin care craze isn’t just that the financial and emotional buy-in are completely out of proportion to the “need” being addressed.
Persons: Holly Thomas, Katie Couric, mascara, Holly Thomas Holly Thomas, don’t, tweens, , , Murad, Nil Sani, Gen Z Organizations: Katie Couric Media, CNN Locations: London, TikTok
Sheryl Sandberg says she's leaving Meta's board
  + stars: | 2024-01-17 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +4 min
Former Meta operating chief Sheryl Sandberg is leaving the company's board of directors. "With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May," Sandberg wrote in a Facebook post on Wednesday. Sandberg, 54, joined Facebook in 2008 as Mark Zuckerberg's top deputy after spending about seven years at Google. Since leaving Meta, Sandberg has dedicated much of her time on her LeanIn.org nonprofit, which focuses on empowering women tin the workplace, and related projects. "Thank you Sheryl for the extraordinary contributions you have made to our company and community over the years," Zuckerberg wrote.
Persons: Sheryl Sandberg, Sandberg, Mark Zuckerberg's, Javier Olivan, We've, Sandberg's, Zuckerberg, Sheryl, Adam Bosworth, Peggy Alford, Marc Andreessen, Drew Houston, Nancy Killefer, Robert M, Tony Xu, Tracey T, Travis, Estée Lauder, Here's, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, Mark Organizations: Meta, Facebook, Google, CNBC, McKinsey & Company, Estée Locations: U.S
New economic data out of China on Wednesday shows the world's second-largest economy is still struggling to bounce back from the pandemic. China's GDP for the last three months of 2023 grew by 5.2%, according to China's National Bureau of Statistics. But the latest disappointing economic data puts pressure on policymakers to act again to boost the economy. The 2023 bounce back from Covid-19 restrictions did not go as expected, but we believe the stocks' declines already reflect China headwinds and that the Chinese economy will regain its footing in time. We simply can't sell this casino operator because once it's clear the Chinese economy has stabilized, the stock is going to rally.
Persons: Estee Lauder, Morgan Stanley, It's, Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Pan Jianyong Organizations: Wynn Resorts, China's, National Bureau of Statistics, Reuters, Starbucks, CNBC, Co, Getty, Visual China Locations: China, Covid, U.S, Mainland China, Macao, Las Vegas, MEISHAN, CHINA, Sichuan, Meishan, Sichuan Province
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. 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 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.
Persons: Jim Cramer, Stocks, Locker, Linde, Estee Lauder, Ford, Jim Cramer's, Jim Organizations: CNBC, Utilities, Treasury, Humana, Wynn Resorts, GE Healthcare, Caterpillar, UBS, Energy, UAW, Jim Cramer's Charitable Locations: China
Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. Palo Alto Networks was riding a six-session winning streak, including Tuesday's all-time high above $333 per share. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance When Arora took over as CEO of Palo Alto in June 2018, the stock was around $70 per share. Late last year, Palo Alto announced plans to buy enterprise browser startup Talon Cyber Security and cloud data specialist Dig Security. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.
Persons: Nikesh Arora, Arora, Jim Cramer, he's, OpenAI, Sam Altman's, Estee Lauder, Clorox, Palo, we've, Morgan Stanley, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto, Club, CNBC, Palo Alto Networks, Alto, Palo, Google, MGM Resorts, Caesars Entertainment, Security Locations: Davos, Switzerland, Palo, Palo Alto
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Jim Cramer said is looking for stocks that have fallen after a big run but whose fundamentals are improving, like GE Healthcare . 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.
Persons: Jim Cramer, Stocks, Christopher Waller, Ruth Porat, Morgan Stanley, Danaher, Estee Lauder, Jim Cramer's, Jim Organizations: CNBC, Fed, Bloomberg, GE Healthcare, Nvidia, Palo, Disney, ESPN, NFL, JPMorgan Healthcare, Bank, DuPont, Bank of America, Jim Cramer's Charitable Locations: Davos, Palo Alto
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. If we get a sell-off in January, Eaton is a logical place to look to buy, Jim said. Procter & Gamble : It's possible that 2024 is a better year for P & G the company than P & G the stock, Jim said. 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.
Persons: Jim Cramer's, Jim, they'll, we've, there's, he'd, Dupont De, Ed Breen, Danaher, Walt Disney, Bob Iger, Trian's Nelson Peltz, Estee Lauder, Bausch, we're, Eaton, Mary, Eli Lilly's, he's, Vimal Kapur, Kapur, We've, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, Elliott, Stanley Black, Decker, TJ Maxx, Charlie Scharf, it's, Jim Cramer, Virginia Sherwood Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Broadcom, VMWare, Bausch, Bausch Health, Charitable Trust, Caterpillar, Federal, Costco Wholesale, Coterra Energy, Dupont De Nemours, Fed, Walt, Eaton Corporation, Ford, GE Healthcare, Google, Honeywell, New, Facebook, Meta, Reality Labs, Microsoft, Activision Blizzard, Nvidia, AMD, Apple, Palo Alto Networks, Procter & Gamble, Constellation Brands, Elliott Management, Constellation, Modelo, Corona, Street, TJX, TJ, Wynn Resorts, Jim Cramer's Charitable, NYSE Locations: hospitalizations, China, U.S, Palestine, Wells Fargo
After closing at its highest level of 2023 on Friday , the first day of December, the S & P 500 fell Monday. A mixed picture is revealed when looking at how every Club stock has performed in December over the past decade. The best-performing Club stock over the past 10 Decembers is Broadcom (AVGO), which has an average gain of 7.1% in the month. Salesforce (CRM) is the worst-performing Club stock in December over the past decade, falling 4.53% on average in the month. Amazon (AMZN), Coterra Energy (CTRA) and Costco (COST) round out the bottom five December performers over the past decade.
Persons: Sam Stovall, Santa Claus, hasn't, It's, Thursday's, Estee Lauder, Eli Lilly, , Jim Cramer's, Jim Cramer, Jim, Tayfun Organizations: GE Healthcare, Broadcom, Procter & Gamble, Wynn Resorts, WYNN, Salesforce, Ford, Palo Alto Networks, Coterra Energy, Costco, Amazon, Caterpillar, Jim Cramer's Charitable, CNBC, Wall, York Stock Exchange, Financial, Anadolu Agency, Getty Locations: Santa, Broad St, New York City, United States
But chasing lower quality stocks is not a great long-term strategy. That's why we look to buy high quality companies when they are put on sale. 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.
Persons: Jim Cramer, Jim, Estee Lauder, hasn't, Jim Cramer's Organizations: CNBC, Federal Reserve, Microsoft, Palo Alto Networks, Nike, Jim Cramer's Charitable Locations: Palo
"I saw a hammered market, a market where the buyers have gotten drunk as a proverbial skunk, buying the worst of the worst," he said. But as the mini banking crisis receded, the market broadened out and investors "collectively got a nice buzz going," Cramer said. They looked towards other sectors with strong potential, buying shares of artificial intelligence companies, cybersecurity outfits and weight loss drug manufacturers, he said. But some overindulged, he said, and now the "hammered investors have taken over." "For those who're slamming them down now and buying stocks under the influence?
Persons: CNBC's Jim Cramer, Cramer, Estee Lauder Organizations: Wall, Moderna, Pfizer Locations: China
An obesity beneficiary and a snack foods company are just a few of the top stocks to buy in December, analysts said this week. Wall Street research firms named a slew of companies that they believe have upside heading into the years end. Obin said the company has a "preponderance" of margin tailwinds for 2024, including "differentiated auto exposure, underappreciated margin expansion opportunities, and best-in-class execution." "We are including BUY-rated EL in our research team's Best-of-Breed Bison initiative, which focuses on long-term best-in-class companies with sustainable competitive moats," analyst Linda Bolton Weiser said earlier this week. Estee Lauder — DA Davidson, buy rating "We are including BUY-rated EL in our research team's Best-of-Breed Bison initiative, which focuses on long-term best-in-class companies with sustainable competitive moats.
Persons: Estee Lauder, Gracell Biotechnologies, Eli Lilly, Andrew Obin, Obin, it's, Nik Modi, Modi, MDLZ, Mondelez, LSEG, Estee Lauder DA Davidson, Linda Bolton Weiser, Bolton Weiser, Gracell, Eli Lilly — Morgan Stanley, Estee Lauder —, Davidson Organizations: CNBC, ITT, Gracell, Bank of America, RBC, ISI, pharma, ITT — Bank of America
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. 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 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.
Persons: Jim Cramer, Eaton, Jim doesn't, Wells, Morgan Stanley, Estee Lauder, we're, We're, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Jim Cramer's Charitable Locations: industrials, China
Here are Wednesday's biggest calls on Wall Street: Piper Sandler downgrades Hershey to neutral from overweight Piper Sandler said it's concerned about rising cocoa costs for Hershey. UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone are almost nonexistent. Piper Sandler reiterates Charles Schwab as buy Piper Sandler said the company is a "likely beneficiary of fed rate cuts." Piper Sandler reiterates Pinterest as overweight Piper Sandler raised its price target on Pinterest to $40 per share from $37 and says trends are improving. UBS reiterates Exxon as buy UBS said it's bullish heading into Exxon's corporate plan event on Dec. 6.
Persons: Piper Sandler downgrades Hershey, Piper Sandler, it's, Guggenheim, Tesla, Truist, Canaccord, Raymond James, TD Cowen, AZN, Goldman Sachs, Leslie's, Carlyle, Wells, Wells Fargo, Apple, Jefferies, Airbnb, ABNB, Cantor Fitzgerald, Microvast, Charles Schwab, SCHW, Morgan Stanley, Bernstein, PDD, Marti, Pinterest, D.A, Davidson, Estée Lauder Organizations: Hershey, UBS, Apple, " Bank of America, underperform Bank of America, AstraZeneca, downgrades, Group, Goldman, GS, Bank of America, Union, JPMorgan, Disney, Taiwan Semiconductor, Intel, Commerce, Marti Technologies, DFS, Exxon Locations: China, Europe, Japan, America, CY24, Turkey, XOM's
It's no secret: Estee Lauder (EL) has lost its way. Fabrizio Freda, the CEO of Estee Lauder since July 2009, was once an industry "wunderkind," Jim Cramer acknowledged Tuesday. Shares of Estee Lauder have fallen 50% year to date and lost two-thirds of their value over the past two years. We have been expecting consecutive poor quarters from Estee Lauder since China's post-Covid economic rebound has stalled. Rather, the investment case is more about how Estee Lauder can right the ship.
Persons: Estee Lauder, Bobbi Brown, Jo Malone, Fabrizio Freda, Jim Cramer, Freda, Jim, we're, Lauder, China's, Jim Cramer's, Budrul Organizations: HSBC, L'Oreal, CNBC, Lightrocket, Getty Locations: China, Korea, Asia, New York City, Hong Kong
Here are Tuesday's biggest calls on Wall Street: UBS downgrades ChargePoint to neutral from buy UBS said it's cautious on the EV charging company's growth outlook. " Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. " Wells Fargo downgrades Booz Allen Hamilton to equal weight from overweight Wells said investors should wait for a better entry point for the defense contractor. Raymond James upgrades Crocs to strong buy from outperform Raymond James said it sees an attractive entry point for the show company. Wells Fargo reiterates Amazon as overweight Wells said international trends for Amazon remain healthy.
Persons: UBS downgrades ChargePoint, it's, Wells, Booz Allen Hamilton, Bernstein, Raymond James, Crocs, CROX's, Estee Lauder, Jefferies, underperform Jefferies, Evercore, Rivian, Piper Sandler downgrades Shopify, Piper, Piper Sandler, Canaccord, TD Cowen, Datadog, TD, Truist, it's bullish, Ingersoll Rand Organizations: UBS downgrades, UBS, JPMorgan, Apple, Citi, Nvidia, HSBC, RBC, Boeing, Lexeo Therapeutics, Bank of America, Virtu, Logistics, Industry Locations: U.S, DDOG, India, Ingersoll
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. With our recent trade, Jim said he's also evaluating the Club's position in underperforming stocks like Estee Lauder (EL) and Foot Locker (FL). 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.
Persons: Jim Cramer, Stocks, Jim Jeff, Jim, he's, Estee Lauder, Jim Cramer's Organizations: CNBC, Citi, Microsoft, Palo Alto Networks, Costco, Nvidia, Jim Cramer's Charitable Locations: Palo
And Nordstrom's Cyber Monday deals aren't just last season's swimsuits and shorts. For more deals across fashion, beauty, home, and tech, check out our hub of the best Cyber Monday deals. Shop all deals from the Nordstrom Cyber Monday sale. Best Nordstrom Cyber Monday dealsFAQsDoes Nordstrom offer free shipping? Does Nordstrom offer free returns?
Persons: Cole Haan, Sam Edelman, Vince, aren't, Estée Lauder, Kiehl's, Bobbi Brown, Nordstrom Locations: United States
(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA
Learn moreThe Nordstrom Black Friday sale is always a standout, and thankfully, it's here early. And Nordstrom's Black Friday deals aren't just last season's swimsuits and shorts. If you're looking for more savings besides Nordstrom, check out the best Black Friday deals across other stores. Quick links to help you navigate Nordstrom's Black Friday sale:Top Black Friday deals from NordstromFAQsDoes Nordstrom offer free shipping? Does Nordstrom offer free returns?
Persons: Cole Haan, Sam Edelman, Vince, aren't, Tom Ford, Estée Lauder, Kiehl's, Bobbi Brown, Nordstrom Organizations: Nordstrom Locations: United States
Hashtag searches for dupes of major brands - including Skims underwear and Deckers' (DECK.N) Ugg boots - have been viewed millions of times on TikTok. Graphic shows pictures of four original products and their original prices under named brands compared with the prices of their 'dupe' counterparts. Newer technologies like the Google Lens app allow people to take photos of items they like and find similar products for sale. In other cases, dupe sellers opt to replicate the look of higher-priced originals with cheaper materials to maximize profit. However, experts say dupe sellers have grown increasingly skilled at avoiding brand logos and other design features that could infringe existing patents or copyrights.
Persons: Lauren Maginness, Shannon Stapleton, Maginness, Estee, Tom Ford, Dupes, , , Penny Pincher, Leslie Ghize, Doneger Tobe, Calvin McDonald, Ian Taplin, Juozas Kaziukenas, Kaziukenas, Maria Boschetti, Mike Scheschuk, Birkenstock, Katherine Masters, Dorothy Kam, Vanessa O'Connell, Rod Nickel, Matthew Lewis Organizations: REUTERS, Abercrombie, Fitch, Scout, Walmart, Department, Nordstrom, Circana Inc, COMMERCE, Wake Forest University, eBay, Google, HK, Amazon, New, Thomson Locations: New York City, U.S, Hong Kong, TikTok, Los Angeles, Zara, Italy, New York
For years, the Lauder family hosted the annual meeting for shareholders of their cosmetics giant at the elegant Essex House overlooking the southern edge of New York’s Central Park. In a scene that looked more like a wedding than a corporate meeting, attendees would nibble on gourmet pastries and tropical fruit and leave with goody bags filled with face-cream samples, perfumes and lipsticks.
Persons: Lauder, goody Locations: Essex, New
Estee Lauder (EL) has the dubious distinction as the worst-performing stock in our portfolio in 2023, and we're growing less optimistic about CEO Fabrizio Freda's ability to right the ship. Jim added he may consider selling Estee Lauder due to the uncertainty that lies ahead. Alongside fiscal Q1 results, Estee Lauder management cut its fiscal 2024 outlook suggesting the trajectory of getting back on track for China consumer demand growth will take longer than expected. Jim believes the Club has been patient and has given Estee Lauder the time required for inventories in its Asia travel retail business to normalize. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.
Persons: Estee Lauder, Fabrizio Freda's, We're, Freda, Fabrizio Freda, Jim Cramer, Jim, Lauder YTD, Tom Ford, Jo Malone, Estee Lauder's, it's, Lauder, hasn't, Jim Cramer's Organizations: Wall, Management, CNBC, daimaru, Getty Locations: China, Asia, Nanjing, Shanghai
(Anthony) Jim Cramer: There were some China statistics that showed that the consumer was doing slightly better. (David) Jim Cramer: The roadblock is that the money is at the state level. (Narayan) Jim Cramer: " Own, don't trade" is about trying to keep us in a stock that otherwise we would trade out of. (Jim) Jim Cramer: First, I think we have to remember Ford actually has a lot of money on its balance sheet — a lot of cash. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, Jeff Marks, Estee Lauder, Anthony, Jim Cramer, Wynn, It's, David, I'm, Narayan, it's, Steve Jobs, John, Tom Jorden, That's, Capex, Paul, Procter, Jim Farley, Jim, Ford, Shawn Fain, Farley, Donald, Larry Culp, He's, GEHC, Eli Lily, Louis, Lilly, Zepbound, We've, Alzheimer's, tirzepatide, hasn't, Edmundo, we've, haven't, Linde, Theresa, Jim Cramer Rob Kim Organizations: Investing Club, Club, Caterpillar, Amazon, Nvidia, Apple, Web Services, Natural Resources, Exxon, Procter, Gamble, United Auto Workers, GE Healthcare, Electric, GE, General, Merck, Drug Administration, Novo Nordisk, Linde, LIN, Trust, Barrick, CNBC Locations: China, reaccelerate, GEHC
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