Jim Cramer Discussed These 18 Stocks After Major AI Event

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9. The Estée Lauder Companies Inc. (NYSE:EL)

Number of Hedge Fund Holders In Q3 2024: 49

The Estée Lauder Companies Inc. (NYSE:EL) is a well-known beauty products company that has struggled in a global economic slowdown and inflationary wave. The shares are 45.5% over the past year as the firm’s business in China has contracted. During its fiscal year 2024, The Estée Lauder Companies Inc. (NYSE:EL)’s Asia sales dropped by 6%, which the firm blamed on China’s economic slowdown. Given that Asia accounts for 30%+ of The Estée Lauder Companies Inc. (NYSE:EL)’s sales, a recovery in the region is key for its performance. Cramer isn’t impressed with the stock either:

“Look at Estee Lauder, one of the worst stocks that I’ve ever seen.

“And by the way Elf and Estee Lauder are not getting together.”

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