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Stock impact report

Are we heading towards recession? Lipstick sales may give a clue [Yahoo! Finance]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: Yahoo! Finance
amidst an election year, economists may be looking to an unpredicted, but time tested economic indicator — lipstick. Originally coined in 2001 by cosmetic giant Estee Lauder, the Lipstick Index indicates how close the United States is to a recession by analyzing sales of lipstick and other cosmetics. While you may assume that small, non-essential purchases would decline in times of economic hardship, the Lipstick Index contributes data to the contrary. FDA allows first ever menthol e-cigarettes to be sold in US “Rather than buying a dress, rather than taking a nice, you know, long weekend, they were looking for sort of a quick pick me up that was inexpensive,” said Stephan Lewellen, an assistant professor of finance at Penn State Smeal College of Business describing the major, unpredicted uptick in lipstick sales Estee Lauder saw following the September 11 attacks, in the middle of a recession following the longest postwar expansion in U.S. history . “And so lipstick would be on Show less Read more
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