Estee Lauder reported strong fiscal fourth quarter earnings this morning thanks to strong sales overseas. The inconic comsetics company beat Wall Street estimates and the stock is up better than ten percent in today's trading. Despite the price spike, we still like EL shares and see further upside for these high quality shares.

Andrew Corn of of Clear Indexes (CSD) believes that "Spin-Offs stand to become increasingly prevalent in the near future." Why? Because you can "Give a high growth unit the chance to reap the benefits of a high growth stock, shed a non-core business, or give investors the chance to buy into a specific industry without taking on other divisions."