EL Maybe

We’re watching Estee Lauder Cos (EL) as a potential breakout for indication of how well the market will treat other, better stocks we like.

Quarterly revenue growth of 9.2% (yoy) for this cosmetic maker is decent, though not the +20% we really want. It holds favor with the market after it gapped up over the summer on earnings news, and may possibly be ready to trade into higher levels.