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0 0.00485148514851494 0 0.00485049504950501 -0.00376237623762372 0 0.00475247524752479 0.00475247524752479
Stock impact report

Estée Lauder Stock Climbs After China Unveils Economic Stimulus [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
The gains for the stock followed the announcement of an economic stimulus in China, which could boost consumer sentiment and help drive a sales recovery. Concerns about sales in China, where Estée Lauder generates close to a third of its sales, have been a source of pressure on the stock in 2024. Shares of beauty products manufacturer Estée Lauder ( EL ) surged Thursday, lifted by continued optimism about China's efforts to shore up its slumping economy with an economic stimulus package China's moves, which so far include lowering interest rates and reducing reserve requirements for banks—and may go even further—has helped provide a boost to U.S.-listed Chinese stocks, as well as shares of companies with a significant consumer-facing business presence in the world's second-largest economy. China is a critical market for Estée Lauder. In its most recent quarterly earnings data , released in August, the cosmetics firm reported that roughly a third of its net sales came from the Show less Read more
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