Estee Lauder’s (EL) cosmetics may see a huge sales spike on Black Friday, but investors are better off looking at the company over the long term than a single day, said Margie Patel, senior portfolio manager with Wells Fargo Asset Management. ‘They’ve been great as far as innovating, developing new skin care products and acquiring new brands that keep a certain freshness,’ said Patel. ‘Even though they have a lot of exposure in emerging markets like China, I think the demand for their quality products will keep their sales moving along.’ Shares of Estee Lauder (EL) are up 9% thus far in 2015. Patel is also bullish on Medtronic’s (MDT) stock which has risen 6% year-to-date. She said the heart device-maker will continue to see steady demand for its products as the U.S. population grows and ages. ‘I think they have a more certain future than many parts of the health care market,’ said Patel.
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