Earning Season: The Estée Lauder Companies Inc

The Estée Lauder Companies, has 60,000 employees with more than 1600 independent stores in 150 countries and a market capitalization of $117.55 bln which ranks  it #213 on the Fortune 500. It recently announced that it has signed an agreement to increase its investment in Canada-based vertically integrated multi-brand company DECIEM, including The Ordinary and NIOD. It

The company’s top sales segments are skin care products, followed by makeup,  fragrances and  hair products, which have earned a current total of $16.22 billion in net revenue with a goal of over $19B by year-end. It is expected to report organic growth of net sales of between 11% and 13% in the quarter, with adjusted earnings increased from 11.04%. On the other hand, management expects operating expenses to increase in the first fiscal quarter due to investments in the reopening (after staffing cuts and store closures) and the rebound in traditional retail around the world after the pandemic.

Estée Lauder Net Sales Worldwide 2010-2021, by Product Category
Source: https://www.statista.com/

The Estée Lauder Companies plans to report its earnings today (November 2) before the market opens and it is likely to see growth. An EPS of $1.70 is estimated, which would be 17.94% year-on-year, and income of $4.25B with 1 revision up and 15 down in the last 90 days.

Zacks ranks the Estée Lauder Companies  #3 (“Hold”) and within the Top 40% of the cosmetics industry (#101 out of #251), with an ESP earnings of +0.38% from 48.7% in the last four quarters and from 52.9% in the last reported quarter. The most accurate EPS estimate is for $1.68 with $1.67  the current consensus, after  the same quarter last year was $1.44, while quarterly revenue is set at $4.235B suggesting an 18.9% increase of the figure reported in the quarter of the previous year.

Q3 2021 Earnings per Share Estimate
Source: https://www.nasdaq.com/market-activity/stocks/el/earnings

On October 28, The Estée Lauder Companies announced key leadership appointments for its international businesses. These appointments will come into effect on February 1, 2022, due to the retirement of Cedric Prouvé next June 2022. One of the outstanding appointments will be that of his successor Peter Jueptner, current president in Europe, Middle East and Africa, to international president as part of the Executive Leadership Team Alignment (ELTA) while remaining part of the Executive Leadership Team (ELT) and will report directly to Fabrizio Freda, current president and CEO. In turn, EMEA Vice President and Managing Director of Markets, Nadine Graf, will be appointed Senior Vice President, Managing Director of EMEA and will join the company’s ELT, succeeding and reporting directly to Peter.

“We are proud of the exceptional depth and quality of internal talent throughout our organization and the ELC remains committed to investing and growing our talent around the world. Now that Cedric enters well-deserved retirement, we are pleased to elevate Peter and Nadine, two dynamic, internally trained and experienced leaders, to these more responsible roles.” “Peter and Nadine each have extensive leadership experience first-hand in our regions and subsidiaries and enormous global experience in all aspects of prestigious beauty, making them uniquely qualified to lead our winning international and EMEA businesses, respectively.” – Fabrizio Freda, President and CEO

Estée Lauder announced on October 28 that it joined the sustainability challenge of the International Space Station National Laboratory as an exclusive partner, providing funding for the award-winning proposals that will be evaluated by a panel of expert judges on March 19 of next year at a Sustainability Challenge event that will be held at the Kennedy Space Center Visitor Complex. The project addresses the issue of plastic waste and focuses on reducing the introduction of plastic waste into the environment, the search for raw materials and alternative routes for polymer production beyond petrochemicals and the reduction of the manufacture of virgin plastics based on the research of biopolymers and environmentally responsible plastics alternatives as well as technology that help to improve the environment. In addition, the company has committed to having  75-100% of its containers enter the 5 R’s rule (Reduce, repair, recover, reuse, recycle) to be an ecologically friendly company by 2025.

“We are proud to be the exclusive partner of the ISS National Lab Sustainability Challenge, which funds research into forward-thinking plastics alternatives.”
—————————————
“As a world leader in the industry of beauty, we are committed to promoting scientific research and innovation for more sustainable business practices. We are excited to be part of an initiative that could be truly transformative for our brand, our beloved consumers, and the future of our planet.”- Stéphane de La Faverie, Global Brand President, Estée Lauder & AERIN, and Group President, The Estée Lauder Companies.

#EsteeLauder H4

#EsteeLauder has been maintaining a strong bullish rally since the beginning of February 2020 from its support of $150 to mark all-time highs in September at $347.56. From this historical maximum, the price fell to its psychological support of $300 without breaking it and bouncing until reaching highs at $333.52, a resistance where it marked highs in July. The current price is $325.44 with a bounce to the psychological support of $320. Resistances are at $333.52, historical highs and finally the psychological level $350. It currently stands at $320 already with a test of the psychological level and key $300, previous lows at $280 and up to the $250-$260 range. The price maintains the bullish channel with 2 false breaks of the bullish guideline in September and October. The price remains above the 21-, 50- and 100-period SMAs with a golden cross to the downside in September.

ADX has been below 25 since September, at 16.62, +DI at 14.87 and -DI at 18.70.

Click here to access our Economic Calendar

Aldo Zapien.

Market Analyst – HF Educational Office – Mexico

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

1. https://seekingalpha.com/symbol/EL/earnings
2. https://www.zacks.com/stock/quote/EL
3. https://www.elcompanies.com/en/who-we-are/at-a-glance
4. https://www.businesswire.com/news/home/20211028005742/en/
5. https://www.nasdaq.com/press-release/estee-lauder-joins-the-international-space-station-national-labs-sustainability
6. https://www.elcompanies.com/es/news-and-media/newsroom/press-releases/2021/10-28-2021-121518103
7. https://www.nasdaq.com/market-activity/stocks/el/earnings
8. https://www.zacks.com/stock/news/1819966/whats-in-store-for-the-estee-lauder-companies-el-q1-earnings?art_rec=quote-stock_overview-zacks_news-ID03-txt-1819966
9. https://newsfragancias.com/profesionales/estee-lauder-ajusta-su-estructura-recortes-covid-19/

from HF Analysis /283876/
via IFTTT

Pfizer Q3 to present rise

Pfizer’s third-quarter earnings report is due today (November 2, 2021). Considering the previous quarterly report, this guide will forecast the company’s Q3 earnings report. For the second quarter of 2021, Pfizer’s sales increased by 92% to $19 billion, compared to $9.86 billion in the same quarter last year.

For the quarter ending July 4, 2021, operating revenue increased by 86%, or $8.5 billion.Revenues grew to $11.1 billion after subtracting the Covid-19 vaccine, BNT162b2, showing a 10% rise in operational growth. The vaccine was co-developed by Pfizer and BioNTech ^[1].

As governments strive to ramp up efforts to battle the current COVID-19 pandemic, Pfizer’s COVID-19 vaccine has been disseminated throughout the world. More than 1 billion doses of the vaccine have already been administered globally, according to the company. Pfizer highlighted that this operational increase in Q2 2021, excluding the Covid-19 vaccine, builds on a comparable business’s operational growth of 6% the previous year.

In the second quarter of 2021, reported diluted earnings per share (EPS) was $0.98, up 58% from $0.62 the previous quarter, while adjusted diluted EPS was $1.07, up from $0.62 in the second quarter of 2020. Vaccines revenue increased to $9.2 billion in Q2 2021, up from $1.2 billion the previous quarter ^[1]. Pfizer lifted its sales outlook for the full year 2021 from $70.5 billion to $72.5 billion while adjusted diluted EPS climbed to $3.95 to $4.05.

The BNT162b2 vaccination alone produced $7.8 billion in direct sales and alliance revenues in the second quarter of this year. In addition, revenues in the Oncology and Rare Disease sectors climbed 19% to $3.14 billion and 32% to $895 million, respectively. The Inflammation and Immunology segment’s revenue fell by 9% to $1.04 billion in the third quarter. Meanwhile, the Internal Medicine and Hospital sectors generated $2.4 billion and $2.25 billion in sales ^[1].

Based on supply agreements signed by the firm between April and July of this year, sales estimates for BNT162b2 for the year have risen to over $33.5 billion. The income includes the 2.1 billion vaccination doses that will be delivered this year.

It’s worth noting that the drug giant has had a mixed track record, with earnings beating estimates in three of the previous four quarters while missing in one. On average, the company’s four-quarter profit surprise is 5.55 % ^[2].

PFIZER Stock Analysis

After reaching an all-time high on August 18, Pfizer stock has been sliding down. On October 6, the stock reached its recent low at 41, the level previously seen in July this year. However, it did make a slight recovery afterward and is now trading at 43.74.

On the daily chart, the price is slightly above the 100-day MA, and the MACD is just above its neutral level, suggesting a neutral trend.

The next resistance for the stock lies near 44, which it did manage to cross at the end of September. If the price breaks this level, it could go towards the next resistance at 50, close to its all-time high.

On the other hand, the stock’s support lies near 40. If the price breaches this level, it could further dip towards the 37 mark ^[5].

1. https://investors.pfizer.com/financials/quarterly-reports/default.aspx
2. https://finance.yahoo.com/news/pfizer-pfe-keep-earnings-streak-132801650.html

Click here to access our Economic Calendar

Adnan Rehman

Market Analyst – Regional Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

 

from HF Analysis /283943/
via IFTTT

Duke Royalty: a princely return for income investors

Britain’s only listed royalty-finance company chooses its clientele wisely, making it a compelling income play

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/share-tips/604041/duke-royalty-a-princely-return-for-income-investors
via IFTTT

Stablecoins: the future of money

This form of cryptocurrency might not yet be as well-known as bitcoin, but could prove more significant in the long term. Charlie Morris, founder of ByteTree.com, explains why.

from Moneyweek RSS Feed https://moneyweek.com/investments/alternative-finance/bitcoin-crypto/604040/stablecoins-the-future-of-money
via IFTTT

Dollar Drifts Ahead of Fed Meeting; Australian Dollar Slumps

from Forex News https://www.investing.com/news/forex-news/dollar-drifts-ahead-of-fed-meeting-australian-dollar-slumps-2663682
via IFTTT

Daily Market Outlook, November 2, 2021

Daily Market Outlook, November 2, 2021 Overnight Headlines Manchin Won't Commit To Backing His Party's Spending Bill White House 'Confident' Manchin Will Back Reconciliation France Pulls Back In Brexit Fish Row, Gives Talks More Time OBR Warns UK Chancellor May Struggle To Meet Fiscal Rule Japan To Ease Entry For Business, Students But Not Tourists RBA Opens Door To An Earlier Rate Rise, Pledges Patience Australia 3-Year Bond Erase Losses As RBA Damps Hike Bets Dollar On Solid Footing Into Fed; Yen Dips On LDP Victory Oil Prices Rise On Reports Of Slow OPEC Oil Output Increase China Tech Stocks Jump On Signs Of Easing Trade Tensions The Day Ahead US equity markets closed at fresh all-time highs, but Asian markets were mixed this morning. The Reserve Bank of Australia left its cash rate unchanged at 0.1%, but scrapped its target for bond yields. In the US, there were reports that Congress may need more time to assess President Biden’s proposed $1.75tn fiscal package. Closer to home, France’s retaliatory measures against the UK on fishing rights were delayed as talks continued. Monetary policy updates from the US Federal tomorrow and the Bank of England on Thursday remain the key focus this week. In particular, markets are fully priced for a 15bps interest rate increase to 0.25%, although economists are pretty much evenly split between a rise and no change at 0.10%. In terms of economic releases, it remains relatively quiet before that. Today’s October PMI manufacturing update for the Eurozone is a second reading which is expected to confirm the initial estimate. That showed a fourth consecutive fall in the headline index, albeit marginally from 58.6 to 58.5, reflecting ongoing evidence of supply bottlenecks. It still remains well above the key 50 level separating expansion and contraction, although the output sub-index showed more signs of the impact of supply constraints, falling to a 17-month low of 53.2. In the UK, there are no major economic data releases, but Chancellor Sunak is scheduled to testify to the House of Lords Economic Affairs Committee on his Budget statement. The Chancellor is expected to be questioned on a range of topics, including the labour market after the end of the furlough scheme and the persistence of high inflation. UK 10-year gilt yields closed up 3bps at 1.06%, while their US counterparts were slightly lower overnight at 1.55%. Brent crude oil rose above $85 a barrel. In the currency markets, the Japanese yen outperformed, while sterling was little changed.G10 FX Options Expiries for 10AM New York Cut(Hedging effect can often draw spot toward strikes pre expiry if nearby (P) Puts (C) Calls )USDJPY - 115.00/10 430m. 114.20 642m. 113.50 430m. 111.10 440m.EURUSD - 1.1790/1.1810 1.46bn (1.17bn P). 1.1690/1.1700 798m. 1.1660/70 1.50bn (1.15bn C). 1.1640 811m. 1.1600/20 712m. 1.1570/80 2.12bn (1.54bn C). 1.1550/60 459m. 1.1540 445m. 1.1490/1.1500 1.38bn (P).GBPUSD - 1.3800 587m.USDCAD - 1.2550/60 916m.EURGBP - 0.8500/20 778m. 0.8440 580m.USDTRY - 10.00 655m. 8.50 946m.USDCNH - 6.37 900m.This week's larger FX option strike expiriesThe hedging of FX option strikes can influence FX price action if nearby, and more so when the strikes are large and soon to expire, so it's worth being armed with this information in advance.There's nothing substantial in USD/JPY until the wake of the U.S. Federal Reserve policy announcement on Thursday – $1.2-billion 113.00, $1.7-billion 114.00, $1.5-billion 114.30, $1-billion 115.00, and $850-million strikes at 115.30. Friday has $1.2-billion at 113.70, $600-million at 114.25, and $841-million at 115.00.The biggest EUR/USD strike is Tuesday at 1.1585 on 1.6-billion euros, with 810-million at 116.45, and 1.2-billion euros at 1.1495-1.1500. Wednesday has 900-million euros between 1.1585-1.1600. Thursday has 600-million euros at 1.1500, 1-billion 1.1515-25, and 685-million euros at 1.1550. Friday has 800-million euros between 1.1560-75.GBP/USD's biggest strikes are on Wednesday – 544-million pounds at 1.3550. 571-million at 1.3615 and 476-million pounds at 1.3650. Thursday has 460-million pounds at 1.3825. EUR/GBP has 581-million euros at 0.8440 and 440-million at 0.8525 Tuesday. Wednesday has 400-million at 0.8400, and 440-million at 0.8465. Thursday has 780-million euros at 0.8520-25, and Friday has 1-billion euros at 0.8440, and 444-million euros at 0.8550.The biggest AUD/USD strikes are Wednesday at 0.7350 on A$742-million, Thursday at 0.7500 on A$694-million, and Friday at 0.7500 on A$465-million. USD/CAD has $747-million at 1.2350 Monday .... Wednesday has $900-million at 1.2450. Thursday at 1.2420 on $500-million, and $1.2-billion between 1.2555-75. There are $700-million between 1.2375-1.2400 Friday, along with $760-million 1.2500-05.1.5-billion euros of a EUR/SEK strikes at 10.27 look unlikely to come in to play on Wednesday, but look out for $800-million USD/SEK at 8.5800 that day.Technical & Trade ViewsEURUSD Bias: Bearish below 1.17 Bullish above Deluge of event risk – 1.1520 – 1.1700 range to hold -0.05% after closing up 0.4%, unwinding part of Friday's month end fall France postpones fishing row sanctions on UK- no compromise yet... Plenty of event risk this week with the RBA, Fed and BoE rate decisions Charts - 5, 10 & 21 day moving averages plus 21 day Bolli bands flat line Daily momentum studies conflict - mixed signals suggest range trading 1.1522/28 October low and lower 21 day Bollinger band are key support 1.1670 upper 21 day Bolli band and 1.1692 October high major resistance 1.824 BLN 1.1585 and 1.1645 806 MLN are Tuesday's closest strikesGBPUSD Bias: Bearish below 1.37 Bullish above. Downside momentum builds ahead of BoE Thursday -0.05% towards the base of a 1.3648-1.3666 range with only modest interest France postpones fishing row sanctions on UK - little progress... Charts; 5, 10 & 21 day moving averages conflict, daily momentum studies slip 21 day Bolli bands contract - neutral setup into Thursday's BoE meeting Oct upper 21 day Bolli rejection and close below 1.3697 21 DMA is bearish Targets a test of the rising 1.3546 lower 21 day Bolli as seen in September 1.3623, 50%% of the October rise is close first significant support 1.3693 high on Monday and the 1.3697 21 DMA are initial resistanceUSDJPY Bias: Bullish above 112.50 Bearish below JPY crosses easy in Asia Japan holiday, pre – FOMC USD/JPY and JPY crosses trade easy in Asia ahead of Japan holiday, FOMC tom USD/JPY from 114.13 Tokyo fix high to 113.88 EBS, trading light Back into 113.76-98 ascending hourly Ichi cloud, 55-HMA 113.99 Some bidding interest noted sub-114.00, more towards 113.50 Offers in place from well ahead of 114.50, nearby option expiries not large USD/JPY still well-ensconced in recent 113.50-114.50 core range JPY crosses mostly heavy, EUR/JPY 132.14-37, GBP/JPY 155.45-94 AUD/JPY 85.90 to 85.26 so far following more-dovish than eyed RBA FinMin Suzuki comment urging FX market stability may have helped cap upsideAUDUSD Bias: Bearish below 0.75 Bullish above Offered again as Lowe pushes back on 2022 rate rise AUD/USD down 0.4% as RBA pushes back on hawkish expectations RBA abandons yield control, drops projection for no rate rise until 2024 C.bank downplays concerns on inflation, prepared to be patient on policy Gov.Lowe says 2023 rate rise possible, sees none in 2022 AUD undermined as Dalian iron ore falls 10% limit down Support 0.7480-85, 0.7450-55, resistance 0.7530-35, 0.7555-60

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-november-2-2021"
via IFTTT

Market Update – November 2 – Risk appetite soured

• RBA confirms end of yield curve targeting and after abandoning any attempt to defend the 0.1% for the April 2024 yield last week, the bank confirmed today that the yield target has been ditched and opened the door for an earlier interest rate hike.
• Lowe stressed that the bank will see through spikes in the inflation rates, and that unlike elsewhere the RBA sees a further, but gradual increase in core inflation, as there is a lot of inertia in the labour market, which makes it hard to see inflation accelerating too quickly.
• Australian shares fell on Tuesday – Miners and banks worst performers
• AUD tanked as markets adjusted rate hike bets. AUDUSD at 0.7465 from 0.7533.
• US Yields were off their early highs  (Currently 10yr fractionally higher at 1.56% compared to the day’s peak at 1.603%).
• USD (USDIndex 93.80) down as US futures in the red after a largely weaker session in Asia despite the strong earnings season. Overnight prices wobbled after the Manchin remarks and mixed data, but all rallied into the close. (a beat from the ISM, but a miss on construction spending, though they still modestly boosted growth prospects)
• The USA100 climbed 0.63% to 15,595, while the USA500 was 0.18% firmer at 4613, while the USA30 advanced 0.26% to 35,913. Treasury revised Q4 borrowings higher to $1,015 bln, with $650 December 31 cash balance, $476 bln borrowings for Q1 2022. GER30 and UK100 futures are down -0.17% and -0.21%
• Senator Manchin continued to oppose a quick vote on President Biden’s massive spending plans, saying he will not vote on reconciliation package without knowing more about its impacts. He worries over programs that “irresponsibly” add to the debt, which totals over $29 tln, and which risks hurting families that are suffering from “historic inflation.” He said holding the infrastructure bill “hostage” will not get his support for reconciliation.
• USOil top to $83.05, on slow OPEC oil output increase &  China ramped up operating rates to meet a spike in diesel demand.
• Gold – up to 1796.30 again.
• FX markets – AUD sold off, Yen strengthened- EURUSD little changed at just over 1.1605, GBPUSD dropped back to 1.3630. Markets are concerned that an early lift off in rates could hamper a still fragile economy.

Today –  Data releases today focus on final manufacturing PMIs for the Eurozone, which were delayed by the public holiday in parts of the region yesterday and employment data from New Zealand.

Biggest FX Mover @ (06:30 GMT) AUDJPY (-0.94%) dips tp 1-week los from 85.90 to 84.80. Faster MAs steadied, MACD signal line & histogram ara sharply lower in negative teritorry, RSI 20 and neutral. H1 ATR 0.186, Daily ATR 0.806.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

from HF Analysis /283819/
via IFTTT

France frees seized British scallop dredger, Britain says

from Forex News https://www.investing.com/news/forex-news/france-frees-seized-british-scallop-dredger-britain-says-2663669
via IFTTT

Dollar Up, RBA Keeps Interest Rate Unchanged in Latest Policy Decision

from Forex News https://www.investing.com/news/forex-news/dollar-up-rba-keeps-interest-rate-unchanged-in-latest-policy-decision-2663566
via IFTTT

BTCUSD bearish momentum | 2nd Nov 2021

Support: 57521.13Pivot: 61252.25Resistance: 62538.27TypeBearish DropPreference:Price is currently at the Pivot level in line with descending trendline resistance. We can expect price to drop from the pivot level towards the 1st Support in line with 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price could push pass the descending trendline resistance and push up to the 1st resistance in line with 61.8% Fibonacci projection and 50% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-bearish-momentum-or-2nd-nov-2021"
via IFTTT

Currencies wait for RBA to kick off big central bank week

from Forex News https://www.investing.com/news/economy/currencies-wait-for-rba-to-kick-off-big-central-bank-week-2663516
via IFTTT

Wine of the week: a simply perfect tawny port

This is without doubt the most sensational tawny port I have ever tasted, says Matthew Jukes. And it is drinking perfectly right now.

from Moneyweek RSS Feed https://moneyweek.com/spending-it/wine/604047/wine-of-the-week-a-simply-perfect-tawny-port
via IFTTT

Mercedes C300e: an accomplished plug-in hybrid cruiser

The German carmaker’s hybrid model is impressive and a bargain to boot. Jasper Spires reports

from Moneyweek RSS Feed https://moneyweek.com/spending-it/cars/604046/mercedes-c300e-an-accomplished-plug-in-hybrid-cruiser
via IFTTT

Three spooky stays for Halloween – and one for Bonfire Night

From a castle with a secret in Angus to a manor with ghostly residents in Norfolk. Chris Carter looks at some spooky breaks.

from Moneyweek RSS Feed https://moneyweek.com/spending-it/travel-and-holidays/604045/three-spooky-stays-for-halloween-and-one-for-bonfire-night
via IFTTT