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Jim Cramer Says Buy Estee Lauder Stock

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Jim Cramer weighs in on Estee Lauder  (EL) - Get Estee Lauder Companies Inc. Class A Report after earnings. 

He said that right now, stocks such as Estee Lauder as ripe for the picking since masks are causing--in the coronavirus dictionary--'Maskne' which is acne due to wearing a mask all the time.

The company also posted earnings, which beat expectations. 

Estee Lauder reported net earnings of $523 million, or $1.42 a share, down from $595 million, or $1.61, a year ago. Adjusted earnings were $1.44 a share, beating analysts' calls for 90 cents a share.

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