Estee Lauder and IMAX Higher; Ross Stores Boost Forecast | Stock Movers

Hinzugefügt: 2026-05-22

[00:00:00]Estée Lauder. Uh, this stock is now up.

[00:00:03]Today. Investors are applauding the collapse of merger talks with the Spanish beauty brand.

[00:00:09]And by the way, you do pronounce it pooch, even though it's spelled p I g.

[00:00:13]Okay. It's up.

[00:00:14]So music business. He's big.

[00:00:16]Is a guy like a guy that mixes records. Okay, well, this is different.

[00:00:20]Pooch. Pooch.

[00:00:21]Yeah. So, um, it's up 11.6%.

[00:00:24]Estée Lauder. Um, so this news, it caught, uh, Wall Street by surprise because these two sides had been talking since March.

[00:00:30]They thought they were progressing towards a deal.

[00:00:32]It would have created one of the world's largest fragrance and skincare companies. Why did it fall apart?

[00:00:37]We don't know for sure. The two sides aren't saying.

[00:00:39]But Bloomberg is reporting that the makeup artist, Charlotte Tilbury, was demanding a certain compensation in this deal.

[00:00:45]That was one of the sticking points. Tilbury actually sold her brand to pooch back in 2020, but still has a, you know, a bit of a stake in the company.

[00:00:53]Um, so now what happens to Estée Lauder? Well, the CEO there is left was still trying to revive the brand. It's reported three years of annual sales drops. So there are challenges ahead.

[00:01:01]But a lot of people on Wall Street didn't quite understand this deal.

[00:01:05]They didn't know how Estée Lauder would integrate, you know, purchase products.

[00:01:08]I mean, where do they fit in in, you know, like across the street at Bloomingdales. Where does this day Lauder fit in when I'm looking at the future? Is Hydra Plump Lip Balm, $38.

[00:01:21]And that's one of the challenges, you know, is trying to lure the younger skincare product folks, because that's really what they're afraid of.

[00:01:30]Sephora. Estée Lauder.

[00:01:32]Yeah, I don't feel like I see them in there and I don't know, don't start telling me. I think that a lot of they're focused on line, if I'm not mistaken. Right?

[00:01:39]I mean, yeah, Amazon and the Tick Tock shops, I mean, they're selling lower priced items too. I remember my like, for instance, really honestly, I think of my grandmother when I think I've asked a lot of her.

[00:01:48]I mean that so that's their challenge. That's the smartest thing I've heard.

[00:01:51]Next. All right.

[00:01:53]Imax soaring 14%. The Wall Street Journal has a story saying that this is the large screen theatre company.

[00:02:00]It's exploring a sale. It's already approached some entertainment companies for as potential buyers get this, the stock is up 40% since last summer, but it is down 7% so far this year.

[00:02:10]They've got a market cap of about $1.8 billion.

[00:02:14]I didn't realize this, but premium screens, including Imax, accounted for more than 5% of domestic box office sales last year.

[00:02:21]It's taking a bigger share of the box office, I have to tell you.

[00:02:24]The last movie I saw was an Imax and I do not go to the very often.

[00:02:28]What is this fear in Las Vegas, the new Imax.

[00:02:31]That's the question that is, I don't know.

[00:02:34]I mean, Sweeney Small Hampton where? Sweeney I don't know, it's got to be golf. I don't think he's at an Imax, but you never know. He's probably on the Vesper, you know.

[00:02:42]Yes. Good morning beverage.

[00:02:44]And listening to us on his Bloomberg we I'm sure you've seen years ago with one radio station hanging on every word. I remember those days.

[00:02:52]I still have one. You still have the.

[00:02:54]I actually do think it works. Mr. Bloomberg has said. He told me the other day.

[00:02:58]That's how he listens. Do you know what?

[00:02:59]You know what Mr. Bloomberg said to me?

[00:03:01]I was listening to you this morning time, and I can't remember a thing he said. I said thank you.

[00:03:07]It was high praise. You got me one more here from Mr. Ross. Stores up 5%.

[00:03:13]The stock is up 20.5% so far this year, raising its sales and profit guidance after first quarter results beat the street.

[00:03:20]Aided by. Get this strong customer traffic among younger shoppers aged 18 to 24. What is Ross Stores doing right.

[00:03:28]This is the off price retailer, meaning it sells brand names, designer merchandise for less. It is said that same store sales growth was the best in the company's history, up 17% last quarter.

[00:03:39]And Ross, is CEO on the call, said the company is outperforming virtually every other retailer that they can track when it comes to younger customers.

[00:03:48]Wow. Yeah, not quite the statement.

[00:03:51]Yeah, I know, I see comp sales blowout first quarter.

[00:03:53]Everyone loves the Truist City Jefferies.

[00:03:55]Everyone's a buy buy buy.