kors supported a gigantic number today. it was a colossal earnings gain that included a phenomenal 35% growth in europe. here you bet against a handbag maker. the darn thing surprises to the upside. the next thing you know it leaps -- no, it tears up $9! 27%. you might think that's from aggressive mutual fund buying but i think the marginal buying came from hedge fund managers who made a short bet and that short bet had gone awry. kors also shredded those who bet against fossil. it looked like the growth rate was slowing and the wonder story, spurred on by the once famous sitch from the "jersey shore" had finally played out. when fossil failed to break down early, it led to a whole new level of short stocks. sell, sell, sell. sure enough the company took it upon itself on its conference call to be about as bullish as i've heard them, making clear that earnings are about to accelerate and that the very guidance issued earlier would be crushed by the next quarter. no ossification here for fossil. it was an accelerating story.

kors is the favorite of saks and the outlet stores love kors. europe which had 35% comp.is a remarkable growth story. >> north america comp 38%. just a blowout number. my question is this, even though the beat was so massive this quarter for q4 they see ten to 12, estimates 11. does the traj stop here? >> basil is looking bad. these guys underpromised, overdelivered and it still works in this market. >> you're making interesting comparisons against coach this morning. >> conch rs even though it's been public for a matter of weeks has one-third the market cap of coach, a company that has four times the revenue and obviously a lot more history doing this as a public offering. >> and i'm sure frank will notice the disparity because of coach's tremendous expansion in china. >> we're talking about the forward pe in terms of multiples. forward pe for kors is 65. for coach is in the low 20s. so there's quite a disparity in terms of the valuation of kors. it seems like a momentum stock. it's number two in mark share in handbags behind coach. the more logo -- you know those logo h

. >>> next on "fast money," is michael kors as hot as the stock? got your exclusive behind the scenes look and the trade. all that coming up on "fast money." stay tuned. [ male announcer ] we know you don't wait until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to see the same information your advisor does so you can get a deeper understanding of what's going on with your portfolio. we know all this because we asked you, and what we heard helped us create pnc wealth insight, a smarter way to work with your pnc advisor, so you can make better decisions and live achievement. [ female announcer ] investing for yourself isn't some optional pursuit. a privilege for the ultra-wealthy. it's a necessity. i find investments with e-trade's top 5 lists. quickly. easily. i use pre-defined screeners and insightful trading ideas to dig deeper. work smarter. not harder. i depend on myself the one person i do trust to take charge of my financial future. [ bell

'michael kors holdings' says its revenue for last quurter jumped 68-percent from the same tiie in 2010n week staple went public in december and its stock price has steaddly climbbd.here's sommthing that could spur home sales.a real estate company's study says homeowners could be more attractive.in a survey of a thousand single people ... 18-percent of men said they wooll rather date a homeownerr than a renter.more than a &pthird of women said the same thing..s for the home's perks? it appears master baths and walk-in closets are a turn-on for both sexes. coming up... lethal lipptick...the &pdanggrous chemiial found n several of them... and if it poses any threat. thheat. jim wilson? here is the chase freedom 5% cash back you get on amazon.com purchases. wow! and your kindle fire. thank you. do you have any bubble wrap? activate your 5% cash back at chase.com/freedom the addition to your home that reddces your disease risk... on fox 45 news at 5:30.3 3 - water main break-southwest baltimore 3

earlier i spoke with michael kors. his first interview since the ipo. ♪ >> this is your first collection since the ipo. did you approach it in a different way at all? >> i think when i design a collection, i design always what i think is in my gut right for the moment. fashion is about the right thing at the right time. and that's not going to change with an ipo are without an ipo. again, it's really how do i dress my consumer and get them ready to look great in the world? i'm a rarity. i'm a designer who never worked for another designer. you know, i never picked up the pens. i started in retail. my whole kind of education has been about kind of getting into the head of just the mind of the customer. >> does that give you an advantage, do you think? versus other designers out there. >> i think it's always helpful to really see what goes on on the shop floor as you say. really in the nitty-gritty of the fitting room. i tell young designers who come to work here, maybe you should get a job in a store. get that experienc

. >> caller: jim, my stock is michael kors. >> stock has pulled back 6%, 7%. that is off the terrific level to get in. i'm going to tell to you buy kors. that is not the beer. i will have a coors tonight. but i'm telling you to buy kors. let's go to charles in north carolina. charles! >> caller: boo-yah from north carolina. >> yo. man, we were just talking about the unc team. what's going on? >> caller: i'm looking for what to do with conoco phillips -- >> the answer is you buy buy buy. jim cramer on twitter, somebody said what stock would you buy right now? i said my charitable trust thinks conoco phillips is about to explode here if oil keeps going higher. c.o.p. that is for me. and ladies and gentlemen, that is the conclusion of the "lightning round"! >>> after years of this kind of churning action of this crazy intraday volatility i think people, they got sick to their stomachs. kind of like a real bad roller coaster that makes you feel very uneasy. and not just the rides i threw up on like scream at magic mountain or apollo's chariot at busch gardens or,

i mentioned the michael kors's ipo.something we had up on the wall. in the case of michael kors, it was morgan stanley who co-managed deal with goldman. morgan stanley in fact led the pricing on both of those transactions. obviously the point being that michael kors, very strong hands, as performed exceptionally well, from the pricing as well as after the first quarter report came out. in terms of the equity markets, we're at this point where you feel it kind of feels as if the next move is either going to be 300, 400 in the dow down, or 300 or 400 up. the grind that we've had since january 1st, it kind of feels to a lot of people that it's going to move in one direction very soon. either one way. >> gary, can you translate those gains to the upside and the loses to the down side to the s&p 500? a lot of technicians i talked to said the s&p, we can't go anywhere here. >> if you actually look back to february 18th, 2011, i was running some charts, if you look at what was the last time you tried to pierce resistance, you

the protests have spread already outside of kabul in the base where the kor rans were mistakenly burned. four cities are seeing protests. one turned deadly. one protester has died. >> several u.s. officials have apologized. is that likely to squelch any of the tension or will the flames continue to be fand over the next few days? >> reporter: it's not going to stop the tension. it will probably get worse on friday after prayers. many afghans are upset that there's still a lo t on violence in the country. many have long doubted whether the united states respects islam. these kinds of accidents, even though they are accidents, even though the u.s. officials have gone out of their way to submit apologies, these accidents infuriate muslims and tap into a level of anti-americanism in afghanistan. that's what we're seeing on the streets today. >> our thoughts and prayers with all the military and american personnel jefr seas. thanks, nick. >>> we're following another developing story right now. iran has failed to reach an agreement with the u.n. nuclear watchdog group. >> they left iran after

>> after 10 years, we mht have learned that kors is not helpful, is harmful. there is no question that on both sides we have people in afghanistan to what is out, a thai-americans exploiting this. --anti-americans are exploiting this. afghanistan is a loser, and the united states, the quicker we are out, the better. >> newt had the best word on this - all but what we will apologize for the burning of -- we will apologize for the burning of korans, ok, but let's demand an apology for the killing of two americans. this image as americans. we have the people dying in afghanistan so that people can have freedom and democracy. this is a culture where that is not welcome. i think that the two parties' share the problem here and the! responsibility, because it was the democrats, i will remind you come in 2004, for about five or six years, arguing that afghanistan was the good war and iraq was a distraction. it was obama who tripled our troops and doubled our spending. it was america as a country that made the decision. all the milly, we will be out and i am not sure

michael kors, 23% to the upside. q3 earnings up 47%.n the downside, disappointing q4 results from goodyear tire. masa masco down. and host hotels is down 4% on the nose, guidance missed estimates. get a little more detail on the marketplace. mr. pisani at the nyse. >> hello, brian. the euro has been weaker and the major indices are drift add little bit lower. take a look at the euro. started getting headlines coming out of you're. bottom line is this, the eurozone finance ministers are supposed to have met tomorrow. now looks like there may be a conference call. there's a lot of moving parts here. but tleer or four issues are floating around. the eu has not received the letters from the greek political leaders indicating they would support the terms of the austerity program after the election. they want assurances. they have not gotten them from the eu. secondly, it's not clear to what extent the private sector involvement is ready to sign off. number three, they have not received any details on how to close that funding gap, that 325 m

the south car kor ian government has shown more flexible attitude to the dialogue. the letter is apparently aimed at increasing pressure on the administration of south korean president before the general elections in april. south korea's unification ministry says the government won't respond every time the north tries to push through demands at a critical phase of inter tori and ties. >>> that wraps up this edition of "newsline." of "newsline." thanks for joining us. -- captions by vitac -- www.vitac.com

. >> that was michael kors.ore of his one-on-one interview with melissa lee, tune in to "fast money" tonight at 5:00 p.m. really strong earnings on the stock, up 23%. probably at the highest levels of the day. it's pretty much sitting right about that. it's an interview you do not want to miss this evening on "fast." >>> apple hitting an all-time high today. reports a smaller ipad screen may be in the works. our next guest is adding to the apple bullishness raising his revenue above consensus. let's bring in peter missic. good to see you, peter. for the first day in many, it's not the $500 level that people are focuses on, it's the foxconn controversy. what's the likelihood that becomes a bigger story? is there any reason to get rid of the shares because of something that bubbles up of something that seems to be as big as it already is? >> not on that front. they're inviting third parties to come into their -- they've opened up who their suppliers are and demand their suppliers meet a code of conduct. culturally

the first quarter we're going to hear from michael kors. it's a red-hot apparel ipo that could be a terrific one, a la ralph lauren and coach. but the valuation here is awful. let's see if kors sells off when it reports before the open, and you get a chance to pick up a new long-term story that is still in its infancy. we will also hear from zinga on tuesday, the social gaming company. will it be like the hideous groupon, an overvalued wild kafrd a company that seems totally unseasoned? or will it be like linkedin, which delivered a masterful quarter and while overvalued has a level of momentum that is loved by the high-growth mutual funds? unfortunately, i think it's a groupon. i'm a seller. wednesday's eu day. this will be the first day we have some real clarity, although you know in europe even clear is murky. that's why we've got to pay close attention to the great american companies reporting on wednesday, whose stocks could be potentially trashed through no fault of their own. companies like deere, a name that my charitable trust owns

green, wtop national security kor responsible ends, thank you for your insights >> pleasure. >>> i don't know. it seeps like whenever the three of us are together to do the news, we have something dramatic. >> i know. you go from a gorge just day like this and you go into something like that. it's incredible it is still winter, people. what i keep saying. the whole thing depends on the track to the south. not much hag right now. skies are getting a little bit cloudy. clouds are starting to roll in. other than that, it was a really nice day today. lots of sunshine, temperatures were well above seasonal and, so, now, as maureen and will said, things are starting to take a turn. things are at a high. 59 degrees at national airport, same at dulles. baltimore, 57 degrees. these temperatures, from 11 degrees above the seasonal average. it's still fairly mild outside right now. currently, 55 at national airport. we have 49 at thurgood marshall airport in baltimore. haggerstown at 50 degrees since we head up the mid-atlantic. a little cooler. 44 degrees for boston. look at the 30s here. this is

michael kors on some strong earnings the stock was up 27%. and then looking at another one, gap, up almost 3% today on a buy recommendation from citigroup. though they serve different consumers do they tell us anything about consumer attitudes about spending? >> well, i think really, susie, for the high-end consumers and companies that cater to high-end they have been outperformers for three years. they had price increase and input increases last year. cotton was highly priced. these guys have been able to pass along the prices and stick so though cotton's plummeted in price they've been able to keep high prices with consumers. other low-end types of retailers have not been so lucky but what i think is going to happen is they will benefit from the lower cotton prices. unemployment is improving. the economy is at least people are more confident we're not going have a double-dip. i think that's been help as well. >> susie: and how are you factoring what's going on in europe and in greece into your stock market recommendations and your investmen

the taliban claims responsibility saying they did it in retaliation for the burning of the kor aran at a u. base. he leaves behind a wife of 24 years and four children who all remember him with love. >> his strong courage, his brave, loving, man of god. he loved the lord. he loved my mom. he loved us, and he would have done anything for us. if all the dads involved in baltimore would be like him, i think the world would be a better place. >> the major taught special education to elementary school students in baltimore county. relatives say he was supposed to return from afghanistan in september. >>> tonight students and staff at dematha high school are mourning the debt of a football player. he was in his senior year and recently accepted a scholarship offer to play football for alabama state. this weekend webb complained he wasn't feeling well and died after arriving at the hospital. >> he was a great player for us. 6'7", 300-plus pounds and ferocious offensive lineman. his better playing days were ahead of him. he had a bright future. >> the whole school lost a brother, and it's one

global and jon kors on stole money from customers a billion dollars is missing they're not having investigating it there's no rule of law in banking anymore it's open season it's just looting germany knows it they love it they're going to go and take all of greece's assets portugal all spain it's germany four point zero get used to it by scott the host of the cars reporter live on our t.v. here thanks very much. all right let's go straight to live pictures here on are live pictures coming in from athens of the center of athens a very near to the parliament building many people preparing up protesters gathering more planned cuts that max guys i was just talking about i reports coming in some of them have been clashing with the police you can actually see the riot police throughout the day here and say we'll be covering this for you of course are streaming it twenty four seven now on our t.v. dot com it's expected hundreds if not thousands will show up just another another not in a string of time gold web of and your therapy protests that have been plaguing greece now for well over a year you're

we apologized to the afghans because kor and was burned and was used to smug out messages out of prisonhe apologized to afghans but why doesn't he speak out. he could use the power of the white house to call pastors together and have a prayer meeting but he hasn't done it. >> greta: we talk about this one case. newsweek covered it. what is happening to this man is not particularly unusual. it talks about the war on christians in newsweek and writer goes through many situations, especially sudan. >> we have people in the sudan right now, they are being bombed. it's almost every day. they are civilian targets. it's because many of them, faith in jesus christ but people are mixed between muslim and christian. they are black african. the north most part is arab and they are trying to kill the blacks. world is saying very little about this. we have a lot of friends. a few years ago muslims burned over a thousand churches in the south sudan. they are in the mountains and about 356 churches and they already they burned them again. >> you took me to a video from "new york times" website and it'

they are so great i mean we are talking about designer brands 70 to 80% off michael kors shoes for $39e 6.5 they have great prices and still a good variety of sizes so people from all over pennsylvania, virginia beach come out here and line up really early kicks off 9 but from what i understand hundreds are wrapped around this temple starting 7, 8:00 a.m. this the morning you can make this a fun girl day and joining me now is elizabeth, the cofounder of this sale. good morning. >> good morning. >> you are also the owner of shoe high. >> yes. >> so, did you ever thing when you started 7 years ago this would become such a big event. >> we had no idea it has been such a great success we have been so happy with how much support we have gotten from the community, but we started the center in old town and moved to the ma sonic memorial which is alexandria's great landmarks much more space we started with 7 stores now we have 20. >> it is just a beautiful place lots of space from what i understand you will have all these tables set up all forms of payment accepted. >> yes, more stores, take c

>> caller: you talked recently about retailers like coach, fossil, tiffany, michael kors, nordstrom, lauren. i would like to add another name for your thoughts and consideration. you talked about them before and that name is vera bradley. it seems like they have a tomorrow strategy pip know they're opening one in nashville and the symbol is vra. i love their products and i know my friends love the product and as a current price and as an investor, do you love the stock? >> you know nicole dumped the water on me and she and i will hud on this on vera bradley and reach real conclusions and maybe do a segment. i have been looking at vera bradley for a long time. it's only $1 billion. i know it's you. i will do the work. let's go to linden in california. >> caller: boo-yah to you jim, and for the dow breaking 13. it seems like that would be a great buyout candidate for google to get out there and compete with apple and sony and all of these other guys with electronic out'lls. what do you think? >> you've got to be kidding me. get this. this is what it's like, okay? there's a guy here and

also, continued rage over the kor koran burnings despite a u.s. apology. and time to play reporter roulette. >>> straight to washington we go to lizzie o'leary. we're talking gas prices. they jumped 3 cents a gallon from yesterday to a national average of 6 cents a gallon. why have they gone up? >> i wish i could give you the political sound bite the politicians want, but it's just not that simple. the world is big. there are three things driving this, and that is essentially the price of oil that's influenced by iran and the middle east, supply and demand, you have a lot of people, certainly in india and china, who are getting richer than they've ever been before using more, and then speculators. it sounds like an evil word. sometimes it means banks and hedge funds, but often it means the investments that you and i and anybody who has a pension hold. pension funds, remember, betting the oil markets just like everybody else. these aren't just people who are actually going to use oil at the end but people who make money on the price of oil going up and down

take libya and we asked retired kor n air force colonel cedric leighton.ria is nothing like libya, and the price tag alone would be $2 billion, and syria is not libya. as we have been reporting, syria's military boasts 500,0 s tanks and mig forces. so should the united states use forces to remove assad and if so can we afford the pay for it with money and lives? joining me is a former mccain/palin adviser, and also foreign relations adviser. cory, let me start with you, you say it is time for military action, and why? >> well, what the assad government is doing is ir re -- irreprehensible. they have killed probably 7,000 people since march and the situation is dramatically es ka lagt towards a civil war and towards one that might draw in other countries in the region. this is bad and getting worse. >> and ed, she is right, it is bad, and awful things happening and you could see the videos that we were showing, so it is a moral reason that people may want to get involved, but then there's iraq and what we went through there. >> moral repulsion may not drive

. >>> bucking the market trend today, the watchmakers, shares of both fossil and michael kors registering double-digit percentage gains as both beat wall street estimates with their latest earnings. >>> for the people who haven't seen the video, the honey badger is the star of the most-loved video here on the "street signs" team. >> this is the honey badger. watch it run in slow motion. it's pretty bad [ bleep ]. look. it runs all over the place. >> no matter what happens, that fearsome creature with loose skin and thick set doesn't give a -- you know. the same could be said about these markets. down fractionally today. think about what this market has come through since the march 2009 lows. what about just the last couple of weeks and months, right? this honey badger market is indeed fearless. it has come through the greek crisis, which is not over, still ongoing but we're higher into it. you also have bank downgrades, a fresh round coming from moody's recently. there you go. honey badger don't care. market continues to move higher. we've seen earnings slow down just a bit. also china fe

michael kors. -- >> yeah. >> this little trinket. >> feel it. do you see? >> that is a very good answer. >> that's the trick. you wear things and because you wear it everybody thinks it is expensive. i make my jewelry. my jewelry doesn't make me. >> i like this. [ applause ] let's go to a second question from bill. over to you. >> hi, suze, thank you for taking my question. i wonder what kind of advice you would give 20 to 30-year-olds today on making a decision between buying a home or renting. you think, given the depressed housing prices, the large inventory of homes that are available and the unpress dented low interest rates now would be buy, buy, buy. but a lot of young people in their 20s and early 30s are real nervous about that kind of commitment. what kind of advice would you give them? >> they are nervous because they don't have the 20% down. they don't have the security of knowing if they get a job they will get to keep their job, and they don't have the security of knowing that a house will appreciate in value. so if they need to sell it they w

. >> speaking of pessimism, kor fat the scene, the numbers today seam to undercut your theory. china's going to have a hard landing, you could argue right now that argument is almost off the table altogether. the data out of europe doesn't seem to be all that bad of late either. then you could have this deal in greece. >> scott, i disagree entirely. when we look at these global pmis the prepond reerance of pm are still below 50. the private pmi still below 50. when you look at korea, taiwan, still below 50. korea last week reported its lowest exports in two years. right now the rage is decoupling, right? saying the u.s. can sail through a global storm that china isn't going to be impacted by its ability to export to europe. i think the markets really tell us otherwise. particularly the shanghai composite. if this data were so good out of china, we've seen the chinese market so far really limp into this new year. the year of the dragon isn't breathing much fire there. we saw that even last night. the chinese are not investing in their own market. i don't think anyone else should

they're michael kors. it's a great work look. it has the pop of color. the website. i need that. >> goodmorningamerica.com. >> and if you want a savings version of the scarf, we have the details. our next look, autumn country look. and there's a coat and boots. one of these is a splurge. one is a save. >> exactly. two marquee items. the tartan plaid. which is the splurge? >> the coat? >> a save. >> what do you think? >> i'm going with -- i hope the coat is the save. i love it. >> it is. good job. that's the save. that coat, i'm going to blow your minds. old navy, $24.97. isn't that great? and here's the thing about the boots. they're $495. that's real fur. you can pull them up if you want a more weather-proof look. >> too much money. they're beautiful. our next look, there's two items we're competing here. >> the items are the dressy look are the ear muffs, actually headphones. she has the wire. they plug into your phone or ipod. and the gloves. the perforated driving gloves. >> let's talk about the ear-muff-headphone things. i'm going with splurge. >> w

. >> there's a kor rchorus in the.nd he does it in a variety of ways. i do know you tyler, but this is what was interesting to me. i've never seen you cry on screen. i've never seen you been an action person, beating someone up on screen. i've never seen a sex screen. >> that's not positive. >> it made me a little uncomfortable. it's like watching a family member, charlie. i don't want to see that. were those your real moves? >> oh, my. did you really just ask me that on live television, gayle? >> were those real moves or were you acting? >> i want to repeat her question. >> no, charlie, no. >> okay, tyler. here's a fair question. >> thank you so much. >> what's wrong with the other question? >> i think gayle should move on. >> i gave him the opportunity to answer. he's not going to answer it. okay. we'll move on. >> tell me about moves. >> dance moves, yes. those are my real dance moves. >> you've gotten a lot of, how shall we say, surprise that you cast kim kardashian in an upcoming upcome upcoming movie. i know her

he's going to hit some rap in a second, right after the kor russ. >> i like that. that's nice. slow north morning, don't you think? >> maybe on a friday morning, though, a little more gentle. >> ease into the weekend. slow it down a little bit? >> yes. >> cool things we're watching this morning with job numbers coming out that christine was just telling us about. i'm curious to know what you think about politically what this is going to mean. if we see this slow decrease in joblessness bus that mean that president obama had a easier path to re-election or the republicans need to change their tune in how they're going to aim for the white house? >> obviously it's heading into the right direction. you have to be a partisan hack if you don't think so. >> we have those on. >> it's better to be adding jobs than losing jobs. what i would say is don't get too caught up in what sometimes can be superficial numbers. there are undercurrents that are much deeper. when i'm talking about debt i'm talking about private debt. still high levels of debt. europe poses a big problem for the world

the definitive reason will come from the kor noner.t. david, it is not unusual after a death for toxicology reports to take weeks and sometimes months and celebrities make no difference. there are labs that are overloaded. so until that happens, we're just not going to really know, are we? >> reporter: that's right. we're looking at six to eight weeks according to the coroner in this case. there were so many questions when the coroner came out publicly to talk about what they were doing here. because the police have placed a hold on this case, which means they're holding all information from the public about what was found in that hotel room and details about whitney houston's death, they're holding that during their investigation. the coroner wasn't able to say much. but he was able to rule out a couple of important things. listen. >> i know there's reports that she may was drowned or overdose. but, no, we won't make a final determination until all the tests are in. there was no visible signs of trauma. foul play is not suspected at t