News
Bullish on Estee Lauder, Starbucks, even as China set to hold back earnings
Published
1 year agoon
By
New Yorker
A girl drinks ice coffee in a Starbucks coffee shop in Tianjin, China.
Zhang Peng | LightRocket | Getty Images
Wall Street’s worried China’s draconian Covid-19 restrictions — which have weighed heavily on the world’s second largest economy for nearly three years — could drag down earnings at Estee Lauder (EL) and Starbucks (SBUX) when the two U.S. companies report this week.
Source: CNBC
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