After carefully considering the current market conditions and Estee Lauder’s recent financial performance, it has become evident that our position in Estee Lauder may not be as strong as we initially thought. The company’s disappointing fiscal 2025 guidance indicates ongoing challenges in the prestige beauty market, particularly in regions such as China and North America.
Earnings
The recent earnings reports from Flutter and DraftKings have sparked a debate in the gambling industry, particularly regarding the decision to impose a tax surcharge on customers in states with high tax rates on sports betting. While Flutter decided against adding a surcharge, DraftKings initially announced plans to do so but later reversed course due
Tencent exceeded both revenue and profit expectations in the second quarter, with revenue reaching 161.12 billion Chinese yuan and profit attributable to equity holders at 47.63 billion Chinese yuan. This marks an 8% year-on-year increase in revenue and a significant 82% rise in profit. After experiencing a decline in annual revenue in 2022, Tencent has
Palo Alto Networks stock has been performing well leading up to the fourth-quarter earnings report, with a significant increase of 17% since August 5th. This outperforms the S&P 500, which has only seen a gain of around 7% during the same period. This impressive growth has raised investor expectations for the cybersecurity company, creating anticipation
The casual dining industry has been facing challenges during the pandemic, with many consumers cutting back their spending. Despite this, Chili’s managed to achieve nearly 15% growth in same-store sales in its latest quarter. This success can be attributed to a combination of factors, including a targeted ad campaign, a viral menu item, and a
Alibaba, the Chinese e-commerce giant, struggled to meet both revenue and net income expectations in the June quarter of 2024. The company reported revenue of 243.24 billion Chinese yuan, falling short of the expected 249.05 billion yuan. Similarly, net income came in at 24.27 billion yuan, below the anticipated 26.91 billion yuan. This disappointing performance
Norway’s Government Pension Fund Global recently announced a first-half profit of a staggering 1.48 trillion kroner, largely attributed to the robust returns on its investments in technology stocks. With a total value of 17.75 trillion kroner at the end of June, the fund’s overall return for the six-month period was 8.6%, slightly lower than its
UBS CEO Sergio Ermotti recently discussed his views on the potential for increased market volatility in the second half of the year. While addressing concerns about a possible recession in the U.S., he expressed his belief that a slowdown is more likely than a full-blown recession. Ermotti highlighted the impact of weak economic data from
Home Depot recently released its quarterly earnings report, exceeding expectations but signaling weaker sales in the upcoming months due to high interest rates and consumer uncertainty. The home improvement retailer anticipates a decline in full-year comparable sales of 3% to 4%, a significant adjustment from the initial forecast of a 1% decrease. As interest rates
HelloFresh, a German meal kit firm, recently reported a profit that surpassed expectations for the second quarter. The company’s shares surged by as much as 20%, showcasing investor excitement. The introduction of ready-to-eat meals played a significant role in driving this growth. However, despite the positive news, the stock gains later settled at a more