Funds took a defensive stance, loading up on Marriott, Estee Lauder, and biotech and energy stocks during Tuesday's session. The move comes as earnings reports from big tech companies loom.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
investment trustsearningsEstee Lauder
Open a keyword to see other news on the same topic.
Related news
- Estée Lauder Expands Microsoft AI Partnership As It Targets Productivity, Personalized Experiences
Estée Lauder (EL) announced a strategic partnership with Microsoft (MSFT) to strengthen its cloud and data infrastructure and support responsible AI adoption across the business. The company has expanded Microsoft Copilot to more than 14,000 office-based employees worldwide and is testing productivity agents and automating repetitive manual tasks. The collaboration will advance its Unified Data Platform, while the company is also investing in a Unified Consumer Data Platform to better understand consumer needs. At the time of writing, EL shares were down 2.5% and MSFT shares down 1.5%; year to date, MSFT is up over 8% while EL is down over 1%.
- Top Analyst Reports for Costco, Walt Disney & Marriott
Zacks Research's daily roundup covers new reports on 12 major stocks, including Costco Wholesale (COST), The Walt Disney Co. (DIS) and Marriott International (MAR), plus microcaps Park Aerospace (PKE) and Flanigan's Enterprises (BDL). Costco shares are up 14.6% year to date, ahead of its industry's 13.1%, supported by its membership model and rising Executive membership penetration. Disney shares rose 2.5% over the past year against an 11.8% industry decline, with fiscal Q4 2026 segment operating income guided to about $4.9 billion, while softer domestic SVOD advertising and Asia parks weakness temper the outlook. Marriott gained 51.8% over the past year after raising its full-year outlook, though Middle East disruption and elevated debt remain concerns, and Park Aerospace, with a $578.76 million market capitalization, reported first-half fiscal 2027 sales up 23%.
- No 'Black Monday'? Nasdaq, S&P 500, Dow Futures Spike As Big Tech Earnings Loom This Week — Retail Stays Cautious
U.S. stock index futures rose overnight ahead of Monday after a rough week, as investors looked to Big Tech earnings to restore momentum amid fears of an AI bubble. As of 11:30 p.m. ET, S&P 500 futures were up 0.8%, Nasdaq futures rose more than 1%, and Dow futures gained 0.5%. Last week the Nasdaq Composite fell nearly 4.5% and the S&P 500 dropped 1.95%, their worst weeks since early June, while the Dow rose 0.67% for its second straight weekly gain. Netflix, SpaceX, Tesla and Meta report this week, with Meta expected to post EPS of $6.58 on revenue of $63.34 billion. Oil eased, with Brent falling nearly 1.9% to $107.88 a barrel, while retail sentiment on Stocktwits was neutral on QQQ and bearish on SPY and DIA.
- Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Big Tech Earnings, Fed Decision
- Cramer's week ahead: Expect more volatility as tech earnings, midterms loom
CNBC's Jim Cramer warned volatility may not be over after a turbulent week in which tech shares fell on renewed concerns about the AI trade, and said it was too early to call a bottom in the Nasdaq. The Nasdaq Composite rose 2.3% through Wednesday before dropping 2.9% Friday to end the week down 2%, while the S&P 500 finished down 0.6% and the Dow Jones Industrial Average down 0.9%. The coming week brings the midterm elections, earnings from Palantir, Apple, AMD, Pfizer, Amgen, CVS, McDonald's and Kimberly-Clark, and the monthly jobs report on Friday. Cramer said Apple's valuation of almost 40 times earnings leaves little room for disappointment, but he would still own the stock.
- Asia stocks fall as Alphabet, Samsung results disappoint; more tech earnings loom
Asian stocks fell on Thursday as disappointing results from Alphabet and a sell-off in Samsung Electronics weighed on tech shares. Alphabet shares slumped about 10% in after-hours trading after results missed expectations and signalled heavy AI infrastructure spending, while Microsoft gained about 3%. South Korea's KOSPI fell about 3% as Samsung Electronics (KS:005930) dropped nearly 6% despite record third-quarter earnings, on a semiconductor profit miss and no immediate details on extra shareholder returns. Samsung's mobile unit posted an 800 billion won operating loss on higher memory costs. The KOSPI had rallied nearly 7% on Wednesday after SK Hynix (KS:000660) jumped 11% on strong profit and a 100 trillion won ($75 billion) shareholder-return plan.
Related markets
Latest news
- 2 of our banks are at the heart of this week's biggest tech deals
The S&P 500 attempted a modest rebound but gave back part of its afternoon gains, with oil prices down roughly 8% on hopes for Middle East peace talks and the 10-year Treasury yield down about 4 basis points. The author cautions against reading too much into any single headline, given the possibility of escalation after the midterm elections. Goldman Sachs and Wells Fargo are involved in several large deals: Goldman is advising Marvell Technology on its all-stock acquisition of Lumentum, valued at $115 billion including debt and expected to close in the first half of calendar 2028 pending approvals including from China. Both banks are among those coordinating Oracle's $10 billion common stock offering and working on Microsoft's $25 billion debt sale, and Goldman is one of the lead banks on Meta Platforms' stock sale. The author says this deal activity supports the banks' results, while lower oil prices and yields have helped holdings including Boeing, Home Depot and FedEx, even as semiconductor names like Micron and Intel remained under pressure.
- Verizon's CEO Has a Warning for SpaceX and Its Mobile Plans
Telecom stocks have been under pressure this year as investors worry that SpaceX plans to turn its Starlink business into a major mobile carrier. Verizon CEO Dan Schulman said on the earnings call that SpaceX would need to build a significant terrestrial network, which would take several years and cost hundreds of billions of dollars, and that Verizon will compete aggressively if Starlink pursues mobile market share. Verizon reported strong third-quarter results, with postpaid phone net additions at their best in five years and quarterly net account growth at its highest in more than a decade. The author argues the market is overreacting to the SpaceX risk, citing a valuation of about eight times estimated future profits and a dividend yield of 6.3%.
- Why Cloudflare Stock Took a Dive on Monday
Cloudflare shares fell as much as 6% at the start of the week after Jefferies analyst Joe Gallo kept a hold rating but cut his price target to $320 from $350, still implying 14% potential upside from Friday's close. Gallo expects higher demand for the company's cloud services this quarter but thinks the bar may be set too high. Analyst consensus calls for revenue of $739 million, up 32%, and adjusted EPS of $0.34, up 26%, above management's revenue forecast of $736 million to $737 million. Cloudflare has beaten consensus estimates in each of the past four quarters and will report results after the close on Thursday. The article also cites Cloudflare's protective measures against a widely publicized PHP vulnerability, used by roughly 70% of websites, as an example of the importance of its cloud and security services.
- Qualcomm (QCOM) Joins $700 Million Hark Funding Round In AI Assistant Bet
Qualcomm joined Nvidia and AMD in a US$700 million Series A funding round for AI startup Hark, which is valued at US$6 billion. Hark is developing foundation models, software and AI-focused hardware for a next-generation personal assistant platform, and Qualcomm Ventures' participation links the chip designer to efforts to bring AI systems to consumer devices over time. The article ties the investment to Qualcomm's target of reaching US$40 billion in non-handset QCT revenue by fiscal 2029, and notes the company reaffirmed a US$0.92 quarterly dividend. It also highlights the broader effort to reduce reliance on smartphones, and points to commentary on Hark and AI assistant workloads in the December 2026 quarter earnings as an early indicator to watch.
- Estée Lauder Companies (EL) Partners With Microsoft On AI And Data Tools
Estée Lauder Companies (NYSE: EL) announced a partnership with Microsoft to upgrade cloud, data and AI capabilities across its global operations. The collaboration aims to unify consumer and product data on Microsoft platforms and embed AI into its end-to-end workflows, supporting its Beauty Reimagined strategy with a focus on productivity and personalized consumer experiences. The deal follows first-quarter sales of US$3,715 million, net income of US$233 million and diluted EPS of US$0.64 from continuing operations, while management affirmed a US$0.35 quarterly dividend. Key items to watch include the raised fiscal 2027 net sales growth guidance of 5.0% to 6.5%, AI-driven workflow adoption across 14,000 Copilot users, and the dividend payment on December 15, 2026.
- Mercado Bitcoin wallets keep moving funds after $46M hack
Brazilian crypto exchange Mercado Bitcoin confirmed a security incident in which over $46 million in cryptocurrency was drained from wallets on Monday, and paused deposits and withdrawals, saying customer funds and data were safe. Despite the suspension, addresses linked to the incident kept receiving funds for hours, and security firms said the hack was carried out through standard transfers rather than a smart contract exploit. An initial post-mortem by Certik's Dickson Wu described small ETH transfers from 27,160 addresses and warned that the attacker could also move money out of customer deposit addresses. According to the article, about $6.2 million had been frozen by Tether and Circle, about $20 million had been moved to new wallets, and over $20 million remained in associated addresses, including all 106 BTC. The hack has not been attributed to an organized group and remains under investigation, coming days after Binance reported a $6.3 billion hack.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.