Estee Lauder (EL), Consumer Stocks Jump 10.8%

The Estée Lauder Companies Inc. (NYSE:EL) is one of the 10 Stocks Post Jaw-Dropping Gains.

Estee Lauder jumped by 10.82 percent on Monday to finish at $74.59 apiece, tracking a generally optimistic market environment following the United States’ trade deal progress with two of its trading partners.

The Estée Lauder Companies Inc. (NYSE:EL) rallied in line with the recovery of consumer stocks, one of the sectors most sensitive to shifts in the global trade environment.

In other news, The Estée Lauder Companies Inc. (NYSE:EL) announced the passing of its chairman emeritus, Leonard A. Lauder, at age 92.

Leonard is the son of the company’s founders, Estee and Joseph. He finished studies at the Columbia University’s Graduate School of Business and served as lieutenant in the US Navy and as a Navy reservist. He formally joined Estée Lauder in 1958, became its president from 1972 to 1995 and as CEO from 1982 to 1999.

He was named chairman in 1995 and served in that role through June 2009.

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Disclosure: None. This article is originally published at Insider Monkey.