That’s 24% higher than the time-of-writing price. Combined with the likely pivot back to the office, EL should be one of the best beauty industry stocks. Lastly, analysts love it, pegging EL as a moderate buy with an average price target of $238.12. However, it’s a consistently profitable enterprise. Now, EL may be a little bit pricey based on commonly gauged metrics. Lack of accountability tempts people to cheat? I am shocked, I tell you, shocked. Early this year, a story out of Canada revealed that an accountant lied about how many hours she worked while remote. Almost surely, an increasing number of companies will be raising the alarm about alleged productivity gains. Nevertheless, if you want to invest in beauty stocks based on the return-to-office pivot, EL could be very intriguing. opener, EL staggered to a loss of more than 24%. However, the market doesn’t seem to care at the moment. Sure, the company represents one of the world’s leading manufacturers and marketers of quality skincare, makeup, fragrance, and hair care products. Ulta Beauty (ULTA)īy performance stats, Estee Lauder (NYSE: EL) might not seem a compelling argument for the best beauty stocks. Still, the boss wants you in the office, boding well for these top beauty stocks to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sadly, these mouse jigglers are stupid, irrelevant products that never made any money. It’s absurd because remote workers are so productive that they don’t have time to pretend to work. Look, I know that all my fellow Americans are 100% trustworthy and will never buy mouse jigglers to pretend that they’re working. Whatever the case, beauty stocks for the back-to-office trend should blossom. It might have something to do with a July 2015 Forbes article describing employees wasting time as an “ epidemic.” Or an April 2019 post by the American Management Association that revealed the average worker wastes more than two hours a day on the clock. Unfortunately, despite no remote workers taking advantage of their employers, companies are skeptical. Certainly, remote workers are not sleeping on the job and working two (or more) full-time jobs simultaneously. Peruse public forums and various social media channels and you’ll be inundated with self-proclaimed stories about increased productivity. Yes, I’m talking about the dreaded return to the office. While the concept of best beauty stocks might not arouse any particularly strong emotion, the basis for the current bullish thesis might.
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