$EL
Added 2024-02-05 15:11:16 +0000 UTCEarnings report came out this morning and the market clearly likes what it sees and up 15% right now:
** Shares of cosmetics giant Estee Lauder 
EL up 17% to $156.2
** Stock remains well below its January 2022 record high of $374.20
** Company expands its restructuring program, doubling down to improve profit
** Cuts full-year profit forecast and announces a workforce reduction of 3% to 5% to cut costs and boost margins
** Expects to drive incremental operating profit through initiatives in profit recovery plan of $1.1 bln to $1.4 bln
** Sees full-year 2024 adjusted EPS between $2.08 and $2.23, versus the prior forecast of $2.17 and $2.42
** In 2023, EL shares fell 41.05%
I have added in the Impulse Wave now because I am happy that Wave 2 held on the 0.5 Fib and has now made a higher higher.
Big test next is flipping the 200 Day MA at $161, a hold above this level and its a race back to ATH levels again I believe, which was take at least 12-18 months
