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
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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
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News
- The history of Estée Lauder, one of the world's leading cosmetic brands, beginning with an $800 sale [FOX Business Network]FOX Business Network
- Typology And By Terry: The Rise Of Powerful Independents In The Beauty World [Forbes]Forbes
- 3 Stocks That Can Gain From China's Stimulus Plans [Yahoo! Finance]Yahoo! Finance
- Why Is Estée Lauder Stock Down 75%? [Forbes]Forbes
- Why Estee Lauder Stock Was Moving Higher Today [Yahoo! Finance]Yahoo! Finance
EL
Earnings
- 8/19/24 - Miss
EL
Sec Filings
- 9/19/24 - Form ARS
- 9/19/24 - Form DEFA14A
- 9/19/24 - Form DEF
- EL's page on the SEC website