‘Big Short' investor Michael Burry doubles stake in Estee Lauder, betting on luxe rebound

1. Michael Burry's Scion doubled its stake in Estee Lauder to 200,000 shares. 2. Estee's new CEO is revitalizing the brand amid weak demand in key markets. 3. A truce in the trade war may lower tariffs affecting Estee's sales in China. 4. Estee Lauder's stock has declined 15% this year but was up 2% recently. 5. Analysts see Burry’s investment as a positive signal for Estee's recovery.