abercrombie & fitch.eally an ironic one as well. 13% up, even though abercrombie reported losses that exceeded analyst estimates. however, that fund was a little smaller than anticipated, particularly at its hollister chain. take a look again at my bloomberg terminal. the possible sales for abercrombie, going back to 2012, that is where the declines began. right side on the here, you do see a lessening of the decline. that, too, may be behind the gains we're seeing on the stock today. is the trajectory a little bit better? are things getting a little less worse? it looks like the traders are looking at it that way. western digital, that stock was upgraded. analysts concerned over the impact of week personal computer sales, and the company's shift toward an enterprise business helping profitability. also chipotle is higher. raised into a by over millard and the stock is up nearly 3%. buy over at a miller tate back -- tabak. that growth stock going into chipotle. thank you. appreciate your insight. now for

let's start with abercrombie & fitch. the shares get a pop.e have got arthur martinez, the executive chairman acting as ceo . one of the first major steps he has taken. do you think martinez has the right turnout strategy in place? >> i think he is out there looking for a ceo for the company. he has had a lot of governance experience and he understands the retail sector but his primary objective is to stabilize the ship and find a ceo to run the company. i think they are fighting uphill battle right now. denham has slowed down dramatically and they are a denim-based company and with the explosion going on in athletic wear. abercrombie and hollister are really planted firmly in denim. ron at wise they have got issues and have got to figure out how to get the product right. that is the primary focus right now. erik: we will see how trading will play out today, but what is it that inspires this morning and i asked the question because just looking at financials, the gross margins are down operating expenses are up and the trends do not appear to

. >> remember abercrombie & fitch abercrombie was great ship fitch, not so much. neil: right. >> and when i see the girl in model magazines and i worry about my daughters, that was a real issue because look what they think they have to look like this and starve themselves, and that was terrible and wrong. this is great. guys, go for, it beer i'm going to get a beer and pizza after the show. neil: that's what i admire women they are not as shallow as us they respect us clearly for our brains. >> that's it! don't worry about it. dad bod, who came up with it? a girl came up with it this mackenzie girl. neil: was it actually abercrombie. >> not fitch? neil: joe piscopo, he is a brand in new jersey. he can run for any office if he wanted to. >> with this bod as well. neil: pretty much pretty much. >>> getting caught cheating on taxes and not getting fired for it. not at your company. at the irs! i have a wandering eye. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. an

here with some thoughts on this story is brand new abercrombie storefront employee chad sheffield. do you feel about this new policy? [ cheers and applause ] >> oh, man. oh, my god. oh, wow. it's amazing, jimmy. for seven years, they had me working the stockroom, said i wasn't front of store material. but now, look at me. [ cheers ] >> jimmy: that's great. and your bosses are cool with this? >> oh, totally. when my manager ashley heard i was being promoted, she just kind of stood there with her mouth hanging open. muttering, "i can't believe this is happening." i was like, i can't believe it either! [ laughter ] >> jimmy: well, you must be pretty comfortable with your body to be one of those shirtless guys in front of the store. >> oh, i actually am supposed to have a shirt on, but i spilled some mustard on it earlier. [ laughter ] i do that a lot. >> jimmy: why don't you just buy a shirt from the store? >> oh, i can't afford the clothes here. no one can. >> jimmy: that's a good point. chad sheffield, everybody. [ cheers and applause ] chad sheffield. guys, this was not good here.

a look ahead to abercrombie, i think that will be the tale of two cities.isions doing better. abercrombie is in a brand crisis right now. >> you don't see a sign of a turnaround there? >> not right away. >> you have a hold on gap. when do you change your mind about that? what is it going to take to convince you? >> it's going to take the product at core gap. here's the good news. good news is that's really all it is at this point. that's a lot. it's a huge head wind because you have to have a better fashion cycle going for them. that's the key thing. if they can do that they can drive up positive comp at the gap and get leverage on the business. it's a cheap stock. it's inexpensive and a great a brand. they are doing so many things right in the new retail paradigm. this is art peck's strength. if they can get that to turn it could be interesting. we are still aways away. it's probably spring 2016 at the earliest. i lower made estimates to below management go forward guidance. >> it has been such a mixed bag of retail earnings this week. john morris retail a

. >>> abercrombie and fitch loss was wider than expected but shares surge and we begin with the market focus. they miss on the top and bottom line but expect sales trends to improve through the year. since the departure of mike jeffries in december they have made an effort to reinvent itself by limiting to local central focus. express also offer the investors an up beat forecast. profit more than doubled in the first quarter as they scaled back promotions and sales rose more than experted -- experted. earning guidance topped consensus, closing at $17.41. >>> cosco out with a mixed report. revenue and same-store sales missed forecast and hurt by lower gas loan polices -- gasoline prices and off a fraction to 21 had the $46. >>> and go pro, the action camera maker will develop quad copt ore drone cameras which they except to be out in the first half of next year and making camera mounts for the virtual reality market. ceo nick woodman said the new gadgets are a big opportunity for the company and investors seem to agree sending shares up 6.5% to finish at $56.81. > tomorrow is may 29th,

. >> drop for abercrombie & fitch. the. >> the company hasn't been the same since -- it's amazing since he stopped taking his shirt off. >> i put on weight. >> disaster. there stock feels as though it wants to push down towards 15 bucks. >> speaking of putting on weight, big lots down 3%. >> big lots had a big fall after announcing first quarter numbers. they beat same store sales but the quarter is starting slow despite the fact that they raised the bottom end of a full year guidance. not a place i shop but maybe i should. >> and a pop for shake shack, up 9%. >> shack was feasting today. >> feasting? >> i think he said feasting. >> bee sting. >> oh bee sting. >> trader chat. stock fell very hard, kissed near a hundred but it never got back to the rising 50-day. didn't even give you the chance. i've not sold. i eat volatility for dinner. >> along with a shackburger. >> bee sting. >> and the robot track star, move over runners, m.i.t.'s cheetah robot can jump over hurdles as high as 15 inches. first being dubbed the fas

also seen abercrombie and fitch doing very well.lose to 11% on a better-than-expected forecast for the hollister brand as well. reporting at the bell keep an eye. decker game stop pacific somewhere all after the bell. stuart: going for go pro with a new product which is a camera that debuts later this year in the virtual reality headsets. let's bring in dl bonn wilmington, delaware. would you buy grow pro stock right here. yes? >> i am not even a wilmington delaware. i am going to give you a big no for a go pro. i think the big thing about the announcement as they also announced a new quadrille and they will as well as the spherical virtual reality thing that you mentioned, the setup that you mention. go pro hit their numbers. they did a good job last quarter. they have a great demographic. from an engineer's perspective my background in engineering i don't know that i love a camera company getting into the drone business as a core product and with no moat around the business. how does china to really have a chance to take a big bit

let's hit abercrombie.s up 8% after the company did report good numbers. >> hollister is making a comeback. that's what it looks like. these are progressions. you get -- i don't mean to not stare at the camera. comp third quarter 14 minus 10 now minus 8. >> going in the right direction. >> remember sears? remember when the itw guy came in and "the journal" said that's what they needed was a good tool and dye man? arthur martinez and hollister. i think die hard was before "die hard." right? the battery. sears battery? >> die hard was around before the movie. yes. >> this is hollister 7. we keep getting a reinvention there. teen apparel, fickle. >> fickle is the main point. >> on fifth avenue they have that surfer bouncer in front. >> it's like a tidal nine 14th amendment issue. >> i've never been there. >> the scantily-clad surfer doesn't do it for me. >> way think of is the peak of goatpro. that was the goat on the surfboard with the gopro. then they had the goat. that was the top. >> you're not a believer

this year alone, abercrombie & fitch plans to close 180 stores. seventy-five for arrow.ty for coach. forty for jcpenney. and 14 for macy's. macy's is opening this new plan that they have. their four new discount stores. their off-price stores. macy's backstage. they will start by opening up some stores, new york, this fall and then spread it out across the country after that. scottie, off-priced macy's stores. are they trying to do nordstrom's rack? >> i think that's what it is. it's helping to move some of the stuff they weren't able to sell instead of sitting in back of a storage closet somewhere. they're seeing what nordstrom's rack is doing. they're seeing we have bargain hunters today. they'll have to keep up the same kind of quality customer service you get from the macy's brand and keep the stores clean and organized. that may be more difficult. i'm upset they're starting these in new york. you need to go into the middle america if you want the bargain hunters. expand. >> i get that. i think they're really well-managed. i think they want their top management here

the loser of the year, abercrombie right? it is down 24%. guess what, they don't like this one.they put as an underperform. they put a $17 price target. it is at 21.58. they think it is moving further to the downside. better ones are getting better and loser will be under pressure. they did get rid of sex alized marketing, scantily-clad models. we'll see if that changes things. melissa: thank you very much, nicole. the newest princess is finally revealed. punch to cable companies, pay-per-view problems delaying the fight of the century. smart money on the way. >> you know the rules. no holding. no hitting below the belt. also you're both pretty old. calling this the fight of the century but only because your combined ages are 100. p [laughter] the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd l

how about abercrombie and fitch which reports thursday? the expectations are low here. however, i simply can't be a fan. even as i respect the fact that a stock down 27% for the year is certainly due for a bounce. on the other hand, we also get results from a stock that i'm a huge fan of on thursday could make a terrific trade going into the quarter. avago, avgo. semiconductor company that has fantastic relationships with the cell phone makers including apple. i bet it can blow away the numbers not unlike sky work solutions a few weeks ago. if it rallies right into the end it might not pay to buy it ahead. still, i sure like the stock on any weakness going into the print. on friday we get chicago purchasing manager's report. i think it will most likely be weak given what we know about how the stronger dollar is grouped to exports. we know the fed is worried about any economic strength. this one will give us weakness. be prepared for endless discussion, about how the fed rate hike will be imminent if this comes in too high. big lots reports next friday. its bargain basem

guys don't look like calvin klein models walking down the street and girls don't look like abercrombiereet. >> the focus is mature unlike this couch, but you should look for what's inside and not just focus on the exterior right? think about it. >> yeah. >> see how that goes over on match.com or christian mingle. >> what's the reaction been online to your invention of the dad bod? >> it's been overwhelmingly positive. i didn't come up with the term on my own. i coined it. i gave america a definition to go by and put it in perception for people that may not have known what it was before. >> mckenzie, we're going to keep your theory alive. we want everyone to write us on facebook or twitter or emaile. >> send a picture of your dad bod. mckenzie pearson, best of luck at clemson. >> great to meet you. >>> dana perino top of the hour. >> have you met? >> i love her. >> her book is fantastic. [ male announcer ] when john huntsman was diagnosed with cancer, he didn't just vow to beat it. i vowed to eradicate it from the earth. so he founded huntsman cancer institute. ♪ ♪ everything about it w

tiffany, abercrombie & fitch. if you will play the european markets, you need to hedge currencies.d doing it for you. stocks and euros, when you sell them back you lose them in translation. it is a dangerous strategy. tracy: another day to talk about -- it is greece every day. it looks like they will not get a deal by the deadline. that is not entirely disastrous. erik: those deadlines are set for show more than anything else. tracy: exactly. and even beyond that, a good analysis from bloomberg is out today saying july 20 will be the big day. yes, we will be talking about this for a while longer. erik: how closely are you watching greece? >> greece will stay in the euro zone long as germany wants them there. when germany decides to drive a bus on this. following suit and say, ok, we have waited too long. the whole story, we talk about it too much. to your point, stephanie three or four years ago, we did not know what the fallout would be. it is now like a train wreck we have been watching for hours and hours. erik: that has been restructured. stephanie: those deeply invested this p

chico is up abercrombie, francesca, all fractional gains, as you can see here today. was near the high for the year overnight. that has put pressure on the airlines. virgin, southwest, american are weak. i've been noting the major indices have really kind of bifurcated. the transporting are down 5%. that's a big of a strange bifurcation. >>> finally jvp morgan starting its conference today. we asked our friends about that. the last ten years this conference has gone on in the three days it's been happening, netflix is a big winner. 2.6% average returns. google has new media, does very well. google is also up 80% of the time. then again during the jpmorgan tech media and telecom conference going on right now. right now the dow is up five points. >> thanks a lot, bob. good morning, rick. >> good morning, carl. well it seems as though for the last three, four years, everybody wanted to look for rates being higher. yes, i'm oversimplifying, but we know it's true. now they have flipped. they basically are looking for lower rates. maybe it was the great total returns for 20

. >> abercrombie and fitch has a lot ahead of itself.t and see approach for the most part. we are watching solar city getting a downgrade to a neutral. they are lowering the target to $65 a share. the an lives will remain a leader and number one currently. but the company is switching metrics so soon it will introduce levered retained value that will introduce both market risk and regulatory risk. that will impact margins overtime. >> levered with another acronym. >> levered retained value. >> color me confused. the new tesla battery for a home storage for energy. the other company, you will talk about it after this next stock. let's get to the next stock. it's a big one. widing petroleum. morgan stanley coming from after overweight to equal weight. about 25% upside but obviously this was one of the names that david einhorn threw up when he was slamming the frackers. >> it's interesting to see the war between morgan stanley and david einhorn. we were talking about the balance sheet of the analysts. they announced a plan to sell a billion

. >> it's like abercrombie. i can't go in there. >> see you tonight, jim. profits and the business of summer travel. the ceo of priceline, an exclusive interview. >> plus stephen dubner the author of "freakonomics." hello. i am a fully automated investment advisory service. i can help you choose investments. monitor them. and rebalance your portfolio. i can do a lot of what humans can. except have a real conversation. if you'd like that, you can always speak to someone at schwab. they aren't algorithms. try not to hold it against them. say hello at intelligent.schwab.com opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. can it make a dentist appointment when

. >> that's me with the abercrombie shurt and aviators on highmy head. >> reporter: he testified theyk yet? >> reporter: on day four the prosecution asserts that doug got down to business. >> he's like hey, ricky, i want to tell you something and it's really important. uhm, let me funnish before you interrupt me. >> reporter: ricky testified that doug began to vent on his estranged wife, venus. ricky, who by all accounts came from a good home with good parents, had never heard the likes of this melodrama. ricky said doug was portraying venus as an abusive, even dangerous mother to his two girls. that wasn't true but ricky didn't know that. doug then told ricky he needed to do something desperate. >> he was telling me that he was going to go kill his wife. >> when he was telling you this, what were you thinking? >> i was just shocked. i couldn't believe what i was hearing. >> okay. >> he said this is where i want to you come in, ricky. i want you to be my alibi, just pretend to be me and live in my apartment. >> reporter: how is that again? you're going to kill your wife and you want m

. >> and we've got abercrombie next week coming up.e in europe and those comps have not turned the corner. and of course handbag market has decelerated. but i think it's really in there in terms of michael kors. >> okay, we'll wait. we'll see. >>> mcdonald's has been serving up some big sales for a while now, but do the investors think the new ceo has cooked up profits at the fast-food giant? we're going to talk about that next. also, drexel university has a program paying students to build a business. one was so successful it landed a deal on shark tank. but it wasn't with our kevin o'leary. we're going to hear from that student and find out why kevin didn't bite coming up. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say organic food stocks schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move wherever you are. and start