As China eases Covid restrictions, Club stocks stand to gain [MSNBC.com]
Estee Lauder Companies, Inc. (The) (EL)
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am
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Source: MSNBC.com
The Chinese government's move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks ( SBUX), all of which have been weighed down by nearly three years of lockdowns. The news China's National Health Commission on Wednesday said people will now be able to travel throughout the country without showing a negative Covid test or health code. The new rules also allow those with mild or asymptomatic Covid cases to quarantine at home, rather than at designated facilities. Additionally, local authorities will no longer be able halt work or production unless an area is designated as high-risk. Beijing's decision to further ease public-health policies comes a little more than a week after protests erupted in China over the government's draconian zero-Covid policy, an approach that has severely restricted citizens and pressured the world's se
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EL
Earnings
- 2/5/24 - Beat
EL
Sec Filings
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- EL's page on the SEC website