Estée Lauder Partners With Amazon, Shares Trade Lower
Portfolio Pulse from Nabaparna Bhattacharya
Estée Lauder Companies, Inc. (NYSE:EL) has partnered with Amazon to launch its products in the Amazon Premium Beauty store. Despite this partnership, Estée Lauder shares are trading lower, having lost over 35% in the past year. Investors can access Estée Lauder through ETFs like VanEck Morningstar Wide Moat Growth ETF (BATS:MGRO) and KraneShares Global Luxury Index ETF (NYSE:KLXY).
October 22, 2024 | 4:49 pm
News sentiment analysis
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NEGATIVE IMPACT
Estée Lauder has partnered with Amazon to launch its products in the Amazon Premium Beauty store. Despite this, shares are trading lower, reflecting a 35% loss over the past year.
The partnership with Amazon is a strategic move to increase product accessibility and sales. However, the immediate market reaction is negative, possibly due to broader market conditions or skepticism about the partnership's impact on reversing the stock's downward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
KraneShares Global Luxury Index ETF provides exposure to Estée Lauder, which is experiencing a stock price decline despite a new partnership with Amazon.
KLXY includes Estée Lauder, and its performance may be affected by Estée Lauder's stock decline, despite the new Amazon partnership.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
Investors can gain exposure to Estée Lauder through the VanEck Morningstar Wide Moat Growth ETF, which may be impacted by Estée Lauder's stock performance.
MGRO holds Estée Lauder, and its performance may be negatively impacted by Estée Lauder's declining stock price, despite the new partnership with Amazon.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Amazon has partnered with Estée Lauder to offer its products in the Premium Beauty store, marking a significant milestone in its beauty segment.
The partnership enhances Amazon's beauty product offerings, potentially increasing sales in this segment. This is a positive development for Amazon's diversification in product categories.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50