German Stocks Are Stimulating; Weibo Corp. & Estée Lauder Find Earnings Success
It’s All About the Stimulus, Baby
So, the dog ate my homework, my car wouldn’t start and the internet is down.
Great Stuff is on hiatus today. I have to go see a man about a cat.
OK, that wasn’t serious … or was it?
Regardless, I have an important family matter that I have to take care of today. My apologies, but it’s important enough that I need to step away for the day.
In the meantime, here are a few quick takeaways from today’s market:
- Das ist stimulating! The market is rallying as Germany and China join the growing number of central banks considering economic stimulus. German Finance Minister Olaf Scholz said Germany is ready to inject $55 billion into the economy if necessary. China, meanwhile, is considering key interest rate reform aimed at lowering rates.
- Weibo wobbles, but it won’t fall down. Chinese social media company Weibo Corp. (Nasdaq: WB) is red hot after beating earnings and revenue expectations. Chinese stocks are underloved due to the U.S.-China trade war, but companies such as Weibo continue to prove that they’re holding up just fine. This is one to keep on your radar.
- It puts the lotion on its skin. Skincare is a big business, especially in Asia. Estée Lauder Companies Inc. (NYSE: EL) has tapped into the Asian market in a big way, and it shows in the company’s quarterly report. Asian-Pacific revenue soared 18% in the most recent quarter, helping push Estée Lauder to an earnings beat this morning. The company also lifted full-year sales guidance above the consensus estimate. Now that’s pretty.
Also, don’t forget about all the excellent content and expert advice over at BanyanHill.com. Those guys are amazing!
For instance, Banyan Hill experts Michael Carr and Ted Bauman just released a new video discussing the biggest recessionary drivers, including the inverted yield curve, Brexit and uncertain global economic growth.
But don’t fret — Michael and Ted have a plan to weather the storm. To read more, check out “Recession Alert: Your Plan for Market Chaos.”
Finally, you can check out some of the best financial news of the past week by visiting the Great Stuff website — which is far easier than scouring your email inbox for past editions.
Go check it out! (Seriously, go. Like right now.)
Great Stuff will be back on Tuesday with your irregularly scheduled programming.
Until next time, good trading!
Great Stuff Managing Editor, Banyan Hill Publishing