Why Estee Lauder Stock Was Moving Higher Today [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
Shares of Estee Lauder (NYSE: EL) , the cosmetics giant, were gaining today in response to news that China's central bank was lowering interest rates to stimulate the economy. China is a key market for Estee Lauder, and the business has been struggling, so it's not surprising to see the stock react positively to the news. As of 12:37 p.m. ET, shares were up 4.1%. Will China bounce back for Estee Lauder? China stocks rose broadly today, especially consumer-facing ones, as the People's Bank of China cut mortgage rates and interest rates by 50 basis points in an effort to stimulate the economy. The move was designed to encourage more lending. The central bank also reduced the required reserve ratio for banks, freeing up an estimated $142 billion for loans. Estee Lauder figures to be one of the winners from the move. The stock had soared during the pandemic, thanks to strong demand for skin care products from China, but it's fallen more recently, hampered by the weak economy. Sti
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News
- Estée Lauder Stock Climbs After China Unveils Economic Stimulus [Yahoo! Finance]Yahoo! Finance
- 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
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