Investing Club: 3 investing lessons from the Club’s meeting Thursday: Meta, Eli Lilly, Estee Lauder
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. Don't sell Meta Look past Eli Lilly's tough quarter Chance to buy Estee Lauder 1. Don't sell Meta Shares of Meta Platforms soared more than 25% Thursday morning, to $192.50 apiece, after the tech giant reported a fourth-quarter earnings beat Wednesday evening and announced a $40 billion stock buyback plan.
Eli Lilly remains a strong multi-year story, and we advise investors to look past the current decline. 3. Chance to buy Estee Lauder Estee Lauder on Thursday said it expects a larger drop in full-year profit than it had initially anticipated amid uncertainty around China's ongoing economic reopening. The cosmetics firm relies on China for more than a third of its total revenue and had been weighed down by Beijing's strict zero-Covid policy over the past three years.
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