Estée Lauder's turnaround plan, Mastercard beats Q3 estimates

Market Catalysts host Julie Hyman tracks several of the day's top trending stock tickers, including Estée Lauder (EL) beating profit estimates amid its brand turnaround plan, Mastercard (MA) topping third quarter expectations on its top and bottom lines, and Bristol-Myers Squibb (BMY) raising its revenue outlook.

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Video Transcript

00:00 Speaker A

Now time for some of today's trending tickers. We are watching Estee Lauder, Mastercard, and Bristol Myers. First up, Estee Lauder, reporting profit that beat expectations. The company also reaffirmed its fiscal 2026 outlook. Those results show its turnaround efforts are paying off. Part of that includes sharpening focus on Estee Lauder's most successful products. It's also hired external advisors to review its portfolio of skin care, hair care and cosmetics brands, and Estee Lauder is lowering some prices to attract shoppers at a time when competitors are hiking prices.

00:27 Speaker A

Next up, MasterCard, reporting third quarter earnings that beat analyst estimates. The earnings performance driven by healthy consumer and business spending, that's according to the company's CEO. The payment giant also reaffirmed its net revenue outlook for this year. MasterCard's rival Visa also reported a strong quarter earlier this week, highlighting spending resilience.

00:46 Speaker A

And finally, Bristol Myers, raising its revenue outlook for the year after newer medicines outperformed expectations. Those results easing pressure on its portfolio of aging blockbusters, Bristol relying on its newer portfolio to offset the loss of exclusivity for older medicines. It's also betting on an $11.1 billion partnership with BioNTech to reignite growth. The company's poured billions into acquisitions as patents for its legacy drugs near expiration.

01:11 Speaker A

As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance's trending tickers page.

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