Company Overview - Alphabet announced plans to spend $185 billion on AI infrastructure in 2026, which is more than the total spending of the last three years combined [2][6] - The company's capital expenditure (capex) guidance for this year is nearly double that of last year, with a midpoint estimate of $180 billion, significantly higher than previous forecasts [8][9] Financial Performance - Alphabet's cloud revenue has accelerated, driven by strong demand for AI investments, with core search business growth also showing improvement [9][10] - The Gemini suite of AI models has contributed to record engagement in search, with 750 million monthly active users, up from 650 million in the previous quarter [11][13] Market Reaction - Following the announcement of increased spending, Alphabet's shares fell, reflecting investor concerns over the high expenditure despite the company's strong performance [1][6] - The overall tech market is experiencing a selloff, with Alphabet's stock under pressure amidst broader market trends [21][30] Industry Context - The cryptocurrency market has seen a significant decline, with $1.7 trillion wiped from crypto assets, and Bitcoin falling below $70,000, down 44% from its record high [2][3] - Silver prices have also plunged by 17% after a period of gains, indicating volatility in commodity markets [4][5] Future Outlook - Analysts suggest that despite the current selloff, Alphabet's fundamentals remain strong, and the increased investment in AI could present long-term opportunities [9][24] - The company is expected to continue its growth trajectory in both cloud and search sectors, with AI playing a crucial role in future developments [10][24]

Market Overview - The markets are focusing on earnings and economic news, with expectations for December JOLTS job openings to increase by 104,000 to 7.250 million [1] - The University of Michigan's January consumer sentiment index is expected to decline by 1.4 points to 55.0 [1] Cryptocurrency Market - Bitcoin is down over 3% to a 1.25-year low, marking a 45% decline from its October record high [2] - Inflows into US spot Bitcoin ETFs have reversed, with approximately $2 billion withdrawn in the past month and over $5 billion in the last three months [2] Labor Market and Economic Indicators - Fed Governor Lisa Cook supports the decision to hold interest rates steady, citing risks tilted toward higher inflation [3] - Challenger's January job cuts rose by 117.8% year-over-year to 108,435, the largest for January since 2009 [3] - Weekly initial unemployment claims increased by 22,000 to an 8-week high of 231,000, exceeding expectations of 212,000 [3] Stock Market Performance - The S&P 500 and Nasdaq 100 are experiencing losses, with the S&P 500 falling to a 2-week low and the Nasdaq 100 to a 2.5-month low [4] - Qualcomm's forecast of weaker-than-expected Q2 revenue led to a decline of over 9% in its stock, impacting chip stocks [4] - Alphabet's forecast for full-year 2026 capital expenditures of $175 billion to $185 billion, significantly above the consensus of $119.5 billion, has raised concerns about its free cash flow [4] Earnings Season Insights - 150 S&P 500 companies are scheduled to report earnings this week, with 81% of the 237 companies that have reported so far beating expectations [6] - S&P earnings growth is projected to rise by 8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth [6] - Excluding the Magnificent Seven technology stocks, Q4 earnings are expected to increase by 4.6% [6] Interest Rates and Bond Market - March 10-year T-notes are up by 10 ticks, with the yield down by 4.0 basis points to 4.234% [8] - The increase in T-notes is attributed to safe-haven demand amid stock market weakness and rising unemployment claims [8] International Market Performance - European stock markets are lower, with the Euro Stoxx 50 down by 1.05% and China's Shanghai Composite down by 0.64% [7] - Japan's Nikkei Stock 225 closed down by 0.88% [7] Company-Specific Movements - Estee Lauder is down over 19% after forecasting full-year adjusted EPS of $2.05 to $2.25, below the consensus of $2.17 [15] - Qualcomm's Q2 revenue forecast of $10.2 billion to $11.0 billion is below the consensus of $11.18 billion, leading to a decline of over 9% [12] - McKesson Corp is up over 13% after reporting Q3 adjusted EPS of $9.34, exceeding the consensus of $9.27 [17] - Align Technology is up over 11% after reporting Q4 adjusted EPS of $3.29, stronger than the consensus of $2.97 [17]

Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of e.l.f. Beauty, Inc. [1] Group 1 - The investigation focuses on whether the actions of e.l.f. Beauty's leadership have harmed shareholder interests [1] - Long-term shareholders of e.l.f. Beauty may have options to seek corporate governance reforms and financial incentives [1] - The law firm is offering information on potential relief and benefits for affected shareholders [1]

Core Insights - e.l.f. Beauty reported a 38% growth in net sales for the third quarter, raising its fiscal 2026 revenue outlook to 22%-23% growth [1] - The company’s net sales for the quarter reached $489.5 million, driven by increased volumes in both store-based retail and e-commerce channels [1] - Full-year revenue projection was increased from an expected 18%-20% growth to a new forecast [1] Financial Performance - Quarterly net income rose to $39.3 million from $17.2 million year-over-year, with adjusted net income increasing to $74.4 million from $43.03 million [2] - Diluted earnings per share were reported at $0.65, or $1.24 on an adjusted basis, while adjusted EBITDA surged 79% year-on-year to $123.02 million, representing 25% of net sales [2] - Gross margin decreased by approximately 30 basis points to 71%, attributed to higher tariff-related costs, partially offset by pricing measures and product mix [2] Expenses Overview - Selling, general and administrative (SG&A) expenses increased by $61.7 million to $279.9 million, with adjusted SG&A rising by $56.3 million to $249.2 million [3] - The rise in expenses was primarily due to higher marketing, merchandising, distribution spending, and increased compensation and benefits, depreciation, and professional fees [3] - For the nine months ending December 31, 2025, net sales grew by 21% to $1.18 billion [3] Nine-Month Financial Summary - Net income for the nine-month period was $75.6 million, down from $83.8 million in the same period last year, while adjusted net income rose to $166.5 million from $152.3 million [4] - Diluted earnings per share were $1.28, or $2.81 on an adjusted basis, with adjusted EBITDA increasing by 28% to $276.3 million, representing 23% of revenue [4] - SG&A expenses expanded by $122 million to $706.9 million, with adjusted SG&A growing by $102.2 million to $619.8 million [4] Fiscal 2026 Outlook - For fiscal 2026, e.l.f. Beauty expects net sales to be between $1.60 billion and $1.61 billion, up from a previous forecast of $1.55 billion to $1.57 billion [5] - The company projects adjusted EBITDA of $323 million to $326 million, adjusted net income of $180 million to $183 million, and adjusted diluted earnings per share of $3.05 to $3.10, based on approximately 59 million diluted shares outstanding [5]

Core Insights - The cosmetics company's restructuring program has significantly impacted its financial performance, resulting in a reduction of approximately 50% of its quarterly profit [1] Financial Performance - The restructuring program has led to a substantial decrease in profitability, indicating potential challenges in the company's operational efficiency and cost management [1]

Estee Lauder (EL) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.95%. A quarter ago, it was expected that this beauty products company would post earnings of $0.16 per share when it actually produced earnings of $0.32, delivering a surprise of +100%.Over the last four quarters, th ...

Core Insights - Estee Lauder has raised its adjusted earnings outlook for the year, indicating a positive adjustment in financial expectations [1] - The company anticipates that tariff-related challenges will negatively impact its profits by approximately $100 million, primarily affecting the second half of the year [1] Financial Outlook - The adjusted earnings outlook has been lifted, suggesting improved performance expectations for the fiscal year [1] - The expected profit reduction due to tariffs highlights ongoing external economic pressures that could affect overall profitability [1]

Estée Lauder raised its annual profit outlook, a sign that one year into the CEO’s tenure, his turnaround plan for the cosmetics conglomerate is starting to pay off https://t.co/C2AnRgIDwq ...

Group 1 - Estee Lauder has raised its annual sales forecast, indicating confidence in improving sales in China and the effectiveness of CEO Stephane de La Faverie's turnaround plans [1]

NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today reported its financial results for the second quarter ended December 31, 2025. "We delivered excellent second quarter results to solidify a strong first half of fiscal 2026,†said Stéphane de La Faverie, President and CEO. "In this pivotal year, Beauty Reimagined has invigorated our business as we execute the biggest operational, leadership, and cultural transformation in our history. On its one-year anniversary, we rai. ...