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MarketWatch MarketPulseAug 19, 2019
Estee Lauder earnings, stock rise also lifts discount competitor E.L.F. Beauty
Estee Lauder Cos. stock soared more than 11% in Monday trading after the beauty and skincare company reported fourth-quarter earnings that beat expectations. The upbeat result also gave competitor E.L.F. Beauty Inc. a bump, with that stock jumping 6.4%. Estee Lauder brands, including its namesake, Clinique and La Mer, operate on the high-end of the beauty spectrum. While E.L.F., which sells many items priced at $10 and below, is more affordable. Estee Lauder stock is up 53% for the year to date. E.L.F. shares are up more than 102%. And the S&P 500 index is up 16.8% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseAug 19, 2019
Stocks open sharply higher on trade and stimulus hopes
U.S. stocks opened higher, putting key equity benchmarks on course for a third straight positive session, after reports that Germany was open to the use of deficit spending in the event of a recession. President Donald Trump's remarks that the U.S economy was doing well also helped to draw investors into risky assets. The S&P 500 rose 1% to 2,918. The Dow Jones Industrial Average advanced 323 points, or 1.2%, to around 26,209. The Nasdaq Composite was up 1.4% to 8,010. In company news, shares of Estee Lauder Cos. climbed 10% on Monday after its earnings beat expectations and the skincare company issued upbeat guidance.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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