Ladies, today I was doing my makeup and thought about how much money ladies and even my daughter spend on cosmetics! According to Statista, the revenue of the cosmetic industry in the US is $49.2bn! That translates into big profits for the cosmetic industry.
Personally, don't believe in spending money on makeup. You can see all the makeup I own fits in that little bag.
But I had a thought. These ladies can invest in their makeup habits! Here are some examples, and remember if you see any names that you use and love, grab your identifying investments worksheet (you can download from here https://linktr.ee/herfiniq) and start adding companies you believe in.
1️⃣Cosmetics Companies: 👉L'Oréal S.A. (LRLCY)Make-up Brands: L'Oréal, Garnier, Maybelline, NYX, Stylenanda, Essie, Dark andLovely, Mixa, MG, Niely
👉The Estée Lauder Companies Inc. (EL) Make-up Brands: Aveda, Bobby Brown, Clinique, MAC, Tom Ford Beauty, Smashbox, Too Faced
👉Shiseido Company, Limited (SSDOY) Make-up Brands: NARS
👉Coty Inc. (COTY) Make-up Brands: Covergirl, Kylie, Max Factor, Rimmel
2️⃣Retail Stores: 👉Sephora owned by LVMH Moët Hennessy Louis Vuitton (LVMH) 👉Ulta (ULTA) 👉Macy's (M) owns Bloomingdales / Macy's
3️⃣Drug Stores: 👉CVS (CVS) 👉Rite Aid (RAD) 👉Walgreens (WBA)
🤷♀️Want to hear more? 🙋♀️
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Disclaimer: Jessica Perrone is not a registered investment professional nor a financial advisor. This content is for educational purposes only and is not investment, tax, or financial advice. Always do your own research. You are solely responsible for all investment, tax, and financial decisions that you make. Please read the full disclaimer here.