Investors shun Martha Stewart, embrace Estee Lauder
Time for your daily dose of trending tickers, the stocks we're following based on your Yahoo Finance ticker searches.
Estee Lauder
Investors holding Estee Lauder (EL) likely thought this stock looked rather radiant today. Shares popped more than 4% after the perfume and cosmetics maker reported better than expected profit and sales. Management cited improved performance around the globe, from the Americas and Britain to China and Australia, to explain the strong numbers. Lauder said it now expects sales to rise 6 to 7% year over year; that's higher than previously forecast.
Martha Stewart Living Omnimedia
Turning attention to Martha Stewart Living Omnimedia (MSO), let's just say the price action today was not a good thing. Shares tumbled more than 11% after the media and lifestyle company reported a loss that caught the Street by surprise. Management cited a partnership with Meredith Corporation for the weakness, saying it had reduced ad revenue, though they also said the decline was expected. Last year Martha Stewart inked a deal with Meredith to cut losses from publishing and focus more closely on its profitable merchandising business.
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RetailMeNot
And get ready for sticker shock if you're hoping to buy RetailMeNot (SALE). Shares surged nearly 20 percent today, after the online coupon company beat Street expectations. Now, first quarter profit slid sharply, but investors were more interested in the company's success on mobile. Over the quarter, mobile revenue surged a whopping 137% with investors rewarding that growth by bidding up the stock.
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