Estee Lauder CEO Fabrizio Freda is 'the Bill Belichick of cosmetics. He gets the job done. He does his assignment,' Jim Cramer says.
CEO Fabrizio Freda to Bill Belichick, who has led the New England Patriots to six NFL Super Bowl titles in less than two decades.
Those comments come after the makeup, fragrance and hair care products maker posted strong quarter results on Monday. Estee Lauder's share price has surged more than 15% since Wednesday's close last week. The stock traded at an all-time high of $206 on Tuesday. "I think it's crazy to switch back and forth between the slowdown stocks and their more cyclical compatriots — that's something only hedge funds can get away with," Cramer said. "You're better off not trying to game these rotations. Find the stocks of high quality companies where management has figured out the competitive landscape and knows how to take risks rather than becoming outmoded.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stocks making the biggest moves premarket: Estee Lauder, Palo Alto Networks, Nvidia & moreThese are the stocks posting the largest moves before the bell.
Consulte Mais informação »
Fortunes Of Five Lauder Family Members Rise A Combined $3.1 Billion Following Strong Estee Lauder Earnings ReportShares of the beauty firm rose 12% Monday, boosting the net worth of the company’s billionaire chairman and four other Lauders tied to the cosmetics firm founded by the late family matriarch Estee Lauder.
Consulte Mais informação »
'Everything seems like a trap now' — Cramer warns about mixed signals in the stock marketInvestors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.
Consulte Mais informação »
Cramer Remix: The amusement park stock that'll bring income to your portfolioJim Cramer breaks down why investors should invest in Cedar Fairs over Six Flags.
Consulte Mais informação »
A generational shift in consumer tastes is a boon for these retailers, Jim Cramer says'These days, the consumer is addicted to convenience ... If it doesn't have a great digital presence or incredible bargains, take a pass,' Jim Cramer says.
Consulte Mais informação »
Company earnings give a better read on the economy than the bond market, Jim Cramer says'I explained over and over again: you get a much better read on the economy by listening to the conference calls of individual large companies,' Jim Cramer says.
Consulte Mais informação »