i know this he wears lulu lemon. amongst many men that's one of the reasons to own lulu.going on. we talk about china and look what they did in quarter in china. china growth 68% 68% that's a real number also margins are improving in in environment. operating margins better than expected, comps, crazy, up 17% last quarter i don't mention valuation because it's very hard to make a cogent argument about valuation. but this is a stock that into earnings i think continues higher with that said, mr. clapton, i'm tapping in mike khouw. >> all right so i mean, let's think about the valuation for a second obviously we were talking about it the stock had a 90% run so far this year. and it's obviously very challenges to go out and commit new capital to stocks not only having such a profound move but trading at such a high multiple. the other thing is that right now options prices are actually also pretty high why is that? because we have earnings coming up next week the stock is implying a move of a little over 8% going out and buying call options, the idea we were talking about in

working i think there are other names working better if you look at the growth prospect of lui lulu lemon and i think lulu is better buy nike i feel is too expense i have. >> i'm onboard with will you lieu nike nothing wrong with florida. >> did you call pete a lulu. >> i did call him a lulu onboard with lulu. >> not the first time it's said. >> nike doing quite well however have margin issues some to do with tariffs tariff but otto priced with nike now they have the digital transformation going well process but it has to continue to go well and almost as if everybody priced in the good news for the name when it comes to nike you wait for the pullback it doesn't mean one day. this could take a couple weeks to get the froth out then back in. >> the thing is the froth in the stock doesn't seem to abate. if you think about the strength -- china was maybe a mild disappointment. i think the street was looking for 24%. but strength across all geographers. >> and oom not sure we know where it could go. you look a at a brand with total control of the destiny -- i'm not saying they're going withou

shares of lulu lemon under pressure despite a top and bottom line deeper investors are focusing on thelook which came below expectation. you can see the stock off 4% the company has been a story all about growth the stock outperforming peers by a wide margin year to date here to talk to analysts, brian joins me >> first of all, you have a price target on this talk about what that is and whether you see shares being down 4% as a buying opportunity. >> good morning. i recently lifted the price on lululemon to $60 in our rating equal to a buy this will work well to the point you are making, given the massive move in lulu lemon and prospects now, we have told our clients, yes, we continue to like them and the stock continues to grind up from here. that stock is less linear than it has been. i didn't wa i don't want to make too much of this. the market is saying, yes, third quarter results are really strong a today soft the stock is now down 4% pre-market >> what does that tell you about expectations if they just barely mod rate their 0 outlook and you see the stock at 4%? >> this is a name

go grayscale. >>> lulu lemon earnings, the stock slipping 4%.oming into this is a little tough joining us now to break it down, chief research officer dana telsey what do you put that down to >> overall the stock is up over 20% since they reported last quarter. this is the best, best numbers we've seen from any of the retailers. 210 to 213 when consensus was 213. everyone always wants to beat the best lulu needs to manage this carefully. you do want to keep beating. the fact they gave up same store sales when the consensus is basically up 11.9%, certainly looks like the setup is quite solid also those comps upload double digits is impressive. look at this third quarter gross margin at 55.1%, better than consensus of 54.6 and up 24% in dollars. >> dana, we know that lulu lemon tends to guide a bit conservative is it just an opportunity to buy on some weakness here because shares are up, what, 90% year to date >> exactly i think it's an opportunity to buy. whether it's international, men's, other categories they're involving and continued producti

. >>> lulu lemon is expected to release a big report and frozen two continues to win at the box office. diane king has the source and much more and this morning's money watch report..>>reporter: stocks rocketed higher friday after november's strong jobs report and the dowel rallied 337 points on the nasdaq jumped 85 and s&p 500 gained 28 and on the economic calendar keep an eye out for the november report on consumer prices which is due out wednesday and on friday retail sales status should give us an idea of how the holiday shopping season is faring so far and lulu lemon is set to release third-quarter earnings after wednesday's closing bell and that stock is up 90% this year. frozen 2 took the top spot at the weekend box office or the third week in a row and the disney movie is on its way to become the studios six released this year to cross the billion- dollar mark in worldwide revenue and has raked in more than $900 million so far and it rang up more than $39 in us ticket sales this weekend alone. that is your cbs money watch report, for more go to cvs money watch.com. at the new y

lulu lemon is the fastest growing apparel company in the land while would rather own boot barn, i respect everything that lulu has going for it. thursday is huge after the close fwlaeshgs costco, oracle, adoeby i think you'll get, you know, may not get the fireworks you expect even if these are all high powered growth stocks for example, costco is going to talk about tariffs the it may not than great. i think they mitigated remember, the more thing thing is membership growth that's what you fuel the stock they're going to have a semiconductor company. they make software and think didn't want china to block the deals. i'm impressed with how they are announcing ca. i think they'll have a buy back. oracle should be okay. but co-ceo passed away in october. i don't know what kind of numbers this company can generate without herd's hard charging ultracompetitive spirit i'm sure oracling do fine. i look forward to seeing what they will do with the cloud. they say they're doing a lochlt they need to do more foorz adobe, it held a big analyst meeting. they laid out a phenomenal forecast i think th

on deck, lulu lemon with an executive who heads to the board.o with the popular switch system and struggles in china. >> announcer: today's big number, 25%. that's how much sales of luxury preowned watches make up the overall watch market aorngccdi to the financial services market listening and observing are critical skills for scientists at 3m. one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around them. that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people. >>> time for the executive recap. the headlines you need sanofi is ending research in certain diseases and will instead focus on cancer and other specialty diseases as part of a broader overhaul by the new ceo. hudson will join "squawk box" at 8:15 a.m. eastern time the switch system is on sale in china. shares grew 2.5% expected to face

and later, lulu lemon posting earnings after the bell tomorrow how options traders get ready for the prin by start with a d.c. triple play, the house moving forward on impeachment against president trump. congress reaching a bipartisan deal when was the last time you heard bipartisan deal on a new nafta we have late breaking developments on the trade war with china as the clock clicks to the new round of tariffs kicking in this we could let's get to kayla tausche live in washington in the d.c. newsroom for all three the stories. >> one of the two major variables on trade as you mentioned. house democrats announcing a deal with the white house and usmca, negotiators from the u.s. mexico and canada in mexico city to sign the revised deal the senate will not vote on in until after the impeachment trial. some republicans have raised concerns about how union friendly the deal is even as speaker pelosi is confirming that the house will vote next week. >> we are declaring victory for the american worker in what is in the agreement but we never -- not anyone of us is important enough to hold

we like to shop at lulu lemon. i go on it on-line, i buy a pair of yoga pants for myself, maybe one for a gift, etc., spend about a couple hundred books, who knows. those are not cheap. i get some money back in the form of bitcoin? >> yes, so lolli functions very similarly to a cashback program. but instead of cashback, you get bitcoin back. all you have to do is shop at the merchants that you are used to shopping at. you go to lolli.com. a lot of people will down load our extension so when you go to wal-mart, bloomingdale's, priceline, our extension will pop up and you will see you can earn bitcoin back when you shop. liz: it goes into a bitcoin wallet that you can control? >> yes, it goes into your bitcoin wallet, your lolli wallet. liz: let's explain this a bit. let's say you spend hundred bucks at wall mart. that consumer will get 3.5% of a bitcoin back? right? is that correct? >> so you get 3 1/2% of each sale. liz: okay. >> that is converted into bitcoin. the exciting part i think for a lot of people is that

it's a lot of people's wish list and that is lulu lemon left for dead a few years ago all these problemst stock has been red hot. >> absolutely. i drew the trend lines in here this stock has been trending very nicely here let me tell you this, i was at the mall of america just over on black friday and i got to tell you -- >> oh yeah, was it good, you know >> it was good. >> the lulu store was packed. >> was it? >> absolutely packed. >> you're in the just doing technical analysis, you're doing on the ground eyeball analysis of lulu lemon. >> peter lynch, you have to see what's happening out there in the markets and when you walk past these companies at the mall of america, you can see who is busy, who is not. >> yeah. >> where the lines are very large. let me tell you, the lines were huge at this gigantic large new box that they just put in. >> nice. >> i still like the trend that i see here i see nothing changing higher highs and higher lows i still want to be a buyer of this stock and we do own the model portfolio. >> craig doing both work, technical and on the ground. great stuff. >>>

i think when you look at the outlook, the growth outlook compares favorably with nike and lulu lemon, and these other leisurely brands. but the stock is much cheaper. >> but the stock is up 75% last year so? can i keep rolling? >> i think it can, a lot of room tests expand overseas. a lot of room to do better things e-commerce. i'm bullish even if my new fleece is bearish. >> and barons traditionally want you to go into the coming week to make your next move. so worn ben, he got action with you. lauren you've what you have. >> if you believe in a small-cap rally i believe in core small-cap etf is a good way to play. it's super cheap, yields about 1.4% and the fund only buys companies that were profitable in the past year, which cuts out a lot of more dubious small caps. >> it's canada goose they make very expensive coats it's gotten beaten up but i think there's a lot more upside people still love their coats. we just had a come better to get bought out and i think there's some good things there. >> great things there thanks guys don't get follows on twitter at barron's online. that's

plus guy adami is finding much needed zen for the portfolio how he trades lulu lemon into next woke's> know what can help you sort ro

yoga pant maker lulu lemon rising 67% since the 8,000 mark, starbucks gaining 66%.harterne communications of the biggest cable providers in the nation gaining more than 59%. theso-called fang. and microsoft had the biggest impact on the index. but they were mixed on the road to 9,000. stocks they typically gbo a t this time of year. the so-called santa claus rally. but with the nasdaq chosinging at another record, some experts believes the gai could be more than just seasonal. for "nightly business report," frank holland. > also helping to proposal the sdaq has been apple. it's also been the bestng perfortock in the dow this year, rising about 83%. that gain has put apple on track for best year in a decade. so where do apple and the r tt tech stocks in the nasdaq go in 2020 in chris wrestler joins us now, portfolio manager with the needham growthan fund for joining us tonight. >> hey, bill, how are you. >>>fare far and away most money managers when i ask the favorite seort's usually technology. what process for 2020? does the momentum continue, do you think. >> we a

if you go to posh mark it is the clothing trading site and the most wanted brands is lulu lemon and patagonia had a very expensive and durable stuff the midmarket labels you could find at a mass retailer like target that isn't selling because it is not considered a durable quality and it is declining. so at the top end of the market it's exciting but the real issue is what is left behind it's the cake not the frosting i think it's great but the overall market is not that impacted by it. >> this is so wonderful to hear i am from a family of women that three generations back we are all the same size so i have been wearing clothing before it was cool. so in your book did you discover that linguistic fear of the word vintage or secondhand or used and why it context they are used in? when i think japan vintage i think very cool so i'm wondering what you encounter about the words we use to describe. >> that's really interesting the term vintage in relation to japan is fascinating because you go into these vintage shops and look at some of the stuff heavy metal t-shirts from the 1980s with gaping ho

we talked to prada, lulu lemon, lewis vuitton, maz ratry, ralph lauren, tesla, and we talked to probably 100 tenants and not anyone that would take the upper floor spaces. and in fact, what we foresee happening is that we're going to have to because the second floor can't be converted to office, we have a 50 foot store front and we will have to carve out an entrance for the second level to get up to the second level off post street. and to carve out three entrances on that, none of them will be viable and give enough identity for the amount of space. the floor plates are a little over 6,000 feet. on the third floor t quasi-retail are not 6,000 feet useers. at best they are maybe 1,000 and mid block with windows just on the north and south which if we try to break up user, users with no window, no light, no air, and i don't want to rent space to people who don't have light and air. the other thing is i can tell you that we talk about economics, and the rents have on the retail areas in the streets are down probably almost 30% around union square just to signify the structural change and t

i think when you look at the outlook, the growth outlook compares favorably with nike and lulu lemon,ther leisurely brands. but the stock is much cheaper. >> but the stock is up 75% last year so? can i keep rolling? >> i think it can, a lot of room tests expand overseas. a lot of room to do better things e-commerce. i'm bullish even if my new fleece is bearish. >> and barons traditionally want you to go into the coming week to make your next move. so worn ben, he got action with you. lauren you've what you have. >> if you believe in a small-cap rally i believe in core small-cap etf is a good way to play. it's super cheap, yields about 1.4% and the fund only buys companies that were profitable in the past year, which cuts out a lot of more dubious small caps. >> it's canada goose they make very expensive coats it's gotten beaten up but i think there's a lot more upside people still love their coats. we just had a come better to get bought out and i think there's some good things there. >> great things there thanks guys don't get follows on twitter at barron's online. that's all for a n

kind of sums up lulu lemon right now but it's a heck of a money maker year for investors we're diving in lulu then perhaps the most confusing market story this year oil up, oil stocks way down. plus a stat that will blow your collective minds as always live from the new york times square and so much "fast money" right after ts. hi when you move homes, you move more than just yourself. that's why xfinity has made taking your internet and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. >>> all right. welcome back to "fast money. there is an earnings alert on lulu lemm. appear shares of the retailer, down about 4.5% right now. after hours the back of the results let's get to meg tyrrell apparently changing the beat covering retail. >> just yoga pants this is a beat on

the expected first trades of oil giant saudi aramco overseas quarterly results from adobe, lulu lemon more. art hogan, thank you for being with us here today this is a pretty big week not to mention that december 15th deadline is very close for what may or may not happen with the u.s./china trade talks eunice brought us interesting information about china saying, look, we'll take away some of the u.s. hardware pieces from our commuters, sort of another shot fired >> so when we look at everything that lines up this week, it's a busy week that we usually don't expect to have in december we're thinking, wow, we had the jobs number. we can cruise into christmas and start focussing on the new year. you really can't you have a cpi coming out, uk election coming out and the u.s./china trade deal, probably the largest of all those thing as we look at the fed meeting, we know what the fed will do and that's nothing the commentary will be similar but when we look at what's going on in the deadline with china, the president has thrown us into a frenzy as to where do we really stand on trade and

stuart: amazon is up $11 at 17.60 let's take a look at lulu lemon making a push into men 's wear.end big, which may hit their bottom line, and that's maybe why the stock is down, what 4%? >> yeah, the company wants to double its mens business by the end of 2023 if you look at the sales last year, 21% of the sales came from the mens division, so the company has convinced women to wear yoga pants to other places, other than just yoga class, they are hoping to do the same for men, posted strong earnings, tweaked their outlook statements but the mens line is growing. stuart: okay, president trump signed an executive order to fight anti-semitism on on college campuses take a listen to what he said at the white house hanukkah event last night. roll tape please. president trump: so we did that and then earlier today we took another historic action to defend the jewish people. >> [applause] president trump: and a few hours ago i signed a groundbreaking executive order to combatant i semetic prejudice. >> [applause] president trump: and you know our politicians have been trying to get this

think about this lulu lemon was a serious hot stock when it went public, charter advanced micro, nxp,, all these names have had really really good years. the semiconductors in general have had a good year. i love the idea that this is even a broader-based rally than just the so called four or five horsemen. >> i agree. people should look at enterprise software stocks, b to b, cloud, ai, those are the three magic things things like service now, sales force, adobe, these are companies that are posed to take off because they're dominant in their categories and there's two or three players serving b to b needs whether it's hr, finance, marketing, all in the background. it's definitely solid, good dividends, good returns and a lot of growth, 30 to 40 percent in a lot of those categories. charles: along that thinking, do you see a lot of acquisitions, do we see a bunch of takeovers in this space next year? >> i think we will see a lot of acquisitions, but they will be small acquisitions and probably see a few megamergers as the consolidation both on of course the semis always have some kind

lulu lemon on wednesday shares up 90% year to date. any sign of weakness could shock the stock.xpectations are losty last quarter it beat and raised guidance and many call it a early holiday winner kostka of earnings thursday. expected to grow 6%. no black friday in the quarter because of the shifted calendar. but any commentary around the holiday season we had a showing a big surge in costs for costco. >> also pointing out next week, a lineup of guests i have on deck from the goldman sachs financials services conference which is here in new york. howard marks, john waldron, keosong lee. and brian moynahan he is coming that morning particularly good timing mike we mentioned a lot of risks next week in terms of ecb meeting. >> yes. >> uk election and december 15th tariffs falls next week. >> obviously headlines could test the tape a little bit i think it's logical that we took back some of that decline, most of the decline we got early in the we can but stopped just short of blasting to new highs the market sometimes reprices in an orderly way when it's treating macroevents, know

. >>> a big day on deck tomorrow, the fed decision due out at 2:00 p.m lulu lemon reporting results after starts the first day of trading at the local saudi exchange brian has a look at that one for us. >> so after two years numerous false starts and more media scrutiny than any ipo it begins trading tomorrow priced last week at the high end of expectations. gives the oil giant a $19.7 trillion valuation only selling 1.5% to investors limiting the stock available last week the saudi oil energy minister told us that investor demand was huge >> we had 5 million -- 5.1 million individual subscribers. 4.8 of them will get the full allocation they will be allocated what they requested. we had 4. -- 4.65 of cover to the ipo. as big as that. >> yeah, 465% oversubscribered he also added he was confident it would get to a $2 trillion valuation. the $1.7 trillion valuation is $who 0, 5 billion more than than every publicly trudied oil and gas stock in the united states right now. >> just over a trillion, right. >> yeah, every single stock is worth 500 billion than saudi aramco. >> all right we'll w

i heard lulu lemon was a winner this holiday season.ig box off price also won i think the department stores are still a little slower. >> dana, the total sales for today are expected to be around about 9 billion, 10 billion. when you compare to alibaba's singles day it's a drop in the bucket. >> right. >> so where does this end? does this just keep going in the u.s. more and more online sales? does retail just collapse for these types of goods to effectively nothing excluding luxury and jewelry and high fashion? >> convenience and ease matter but something to be said for tradition and experience of it. >> the smell. >> well, some of it. >> bathrooms. >> consumers doing with this with their kids together with families it's an entertainment and sport. so i think you're always going to have something like it. >> they're all mixed together. >> sometimes >> people hustle and bustle and makeup counter not at the makeup counter, walk by the makeup. i have people do that -- >> for you. >> you getting used to that talking about makeup and stuff

reached milestone valuation in just the second day of trading, plus this, stock alert this morning, lulu lemondown, your reaction of greta thun berg becoming person of the year in time magazine, stay with us what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. nothing shines brighter than you. you are my rock... nothing is stronger than you. you are one-of-a-kind. i love every facet of you. you are my diamond. for the diamond in your life, there's only one diamond store. zales. it's the "you are my diamond" event. get 30 % off everything including these one of a kind deals. exclusively at zales, the diamond store ugh, another electronic signature. you have to print, walk, sign, scan, recycle, walk, email yourself... really? more walking, try again, waiting, recycle, walk, email yourself, then get back to you