Estée Lauder’s skincare segment’s net revenue decreased 3.3% in reported terms and increased 2% on a constant-currency basis to $1.2 billion in fiscal 2Q16.
Estée Lauder’s (EL) fiscal 2Q16 net revenue increased 2.6% to $3.1 billion from $3.0 billion in fiscal 2Q15.
Estée Lauder (EL) released its fiscal 2Q16 earnings on February 5, 2016.
On March 14, 2016, Estée Lauder’s (EL) stock price was trading at a peak of $93.83.
Gold’s reign as the top-performing asset has also helped funds like the SPDR Gold Shares (GLD) and the iShares Gold Trust (IAU).
On March 3, when IAU stopped trading, its price was $12.17 per share. Later the price climbed to $12.37. IAU has risen about 18% on a year-to-date basis.
The recent clutter in BlackRock’s iShares Gold Trust ETF (IAU) may have highlighted the fact that IAU is not a typical ETF.
The SPDR Gold Shares ETF (GLD) is the most vital gold-based fund that closely follows the returns of gold. GLD has risen about 18% since the start of 2016.
The temporary suspension of BlackRock-run IAU was reversed as the company registered for another 300 million excess shares that could be issued by the fund.
The iShares Silver Trust (SLV) has seen the highest inflows in March 2016, and it has risen almost 11.5% since the beginning of the new year.
The rise in gold also helped funds like the VanEck Vectors Junior Gold Miners ETF (GDXJ) and the leveraged Direxion Daily Gold Miners ETF (NUGT).
As gold has gained a fortune since the beginning of 2016, investors are carefully eyeing the future performance of this precious metal.
On Wednesday, March 16, 2016, precious metals climbed higher. However, they ended the day in negative territory.
A surge in volatility often helps store-of-value assets such gold and silver. The rises in these two metals led to rises in the prices of mining stocks.
Major base metal miners gained on March 16. Continuing the momentum, the miners started March 17 by opening the day higher than Wednesday’s close.
Copper started March 17, 2016, on a positive note. Currently, it’s trading at $2.28 per pound or 1.8% higher than the previous day’s close.
The EIA reported that the distillate fuel inventory fell by 1.1 MMbbls to 161.3 MMbbls for the week ending March 11, 2016—compared to the previous week.
The EIA stated that US residential heating oil prices rose by 1.2% to $2.1 per gallon on March 14, 2016—compared to March 7.
On March 16, the EIA released its weekly petroleum status report. Gasoline stocks fell by 0.7 MMbbls to 249.7 MMbbls for the week ending March 11, 2016.
April gasoline futures prices rose by 1.4% and closed at $1.42 per gallon on March 16. US gasoline prices rallied almost 30% since the lows in February 2016.