the other name i really like is michael kors. they are just absolutely crushing coach right now. if you're in the mid-tier or high-end luxury brands then i like michael kors a lot. > >what are you staying away from? > >coach. and i would be staying away from tech. i think apple, facebook, twitter, google are all probably dead money for the next few months. > >good to have you on the show. have a great trading day. > >thanks for having me. there is a significant push throughout american business to hire veterans.edward jones and other financial firms have programs to recruit men and women who've compeleted their service to our country.but as our cover story explains, it is a mission that still has challenges on both sides of the job interview. rob smith of mandeville, louisiana served in iraq and in dozens of other countries. after twenty years in the marines, he came home to his family and became one of the first veterans to enter a program sponsored by financial firm edward jones to train veterans to become financial advisors. "moving to a civilian life was a challenge. so was n

designer michael kors debuted the stock in late 2011. the company has turned in a solid performance due in part to a strong demand for luxury products. kors reports earnings today. just ahead -- a trader who thinks it might be time to nibble on a pizza stock. chart talk is next i wanted to be in the military since i was a kid. i served a total of 16 years. and at 19 years old, that's the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i started drinking a lot. i guess i never recognized it in myself. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for the guys who couldn't come back, you owe it to them to live well. because they're not here with their families. james ramelli of kingofthemarket.com joins us now for a critical look at earnings. good morning to you james. > > good morning. > > you are watching papa johns. now this stock has had a great year so far. what do you anticipate? > > right, so they're set to re

michael kors will be taking e-commerce in house.eel like the gap's doing a good job, he's grown 20% in the last quarter. so the mobile use, mobile use is already 40%fic as well as online will be a major part of the story this season. liz: right. >> especially because mall traffic is down 8-9% this month. liz: we're going to put all of your picks up on facebook.com/lizclaman. oliver chen and john lawrence, thanks to both of you. good to see you both. we're 39 minutes away from the closing bell. as we said, a nice rally here, 43 points for the dow jones industrials. big management shake-up at the nasdaq. charlie gasparino broke the story, as usual, but he's going to talk about not just who's stepping down, but what does it mean for the future of this index and this, of course, is the nasdaq. and we list on the nasdaq. >>> guns invisible to metal detectors' eyes. one city already banning plastic firearms from 3-d printers. one -- look, the atf put this thing together, and it blew up. it's a mess. can you imagine people downloading the

michael kors revenue is up 39% other the same quarter last year.o there are a few hot spots but in general across the economy it's rather lackluster like the rest of the economy. >> is retail an indicator, before i let you go, of whether or not we're actually in a real recovery or not? because i know luxury goods numbers are more positive than the everyday consumer. >> right, that's exactly what's going on in the economy. we're a consumer driven economy and it's bifurcated. it's bifurcated by those who have money and those who don't. those who have money are spending it on the upscale goods. those who don't have money are still struggling. but there are jobs anded there are 83,000 seasonal jobs this year. >> we're going to talk about that. >> so those are really good. this is a good thing. if you don't have a job, at least you can go out and get a seasonal job. >> please come back and talk to us about that because a lot of people are looking for temporary work. a nice plug for your spouse to get you that michael kors bag. >> good idea. >> i think p

i think there's more to come in the michael kors story over the coming years. >> how about watches? the accessories. >> phenomenal. >> so what does that mean? you look at the watchmakers did -- think about a fossil, their earnings should be interpreted to believe that when their earnings come out, they'll be strong. >> i don't know if that's the same customer, though, to be fair. fossil is a good story on its own. the kors customer wants kors. >> it's not the customer -- >> it's the hot brand of the moment. >> i agree with you completely on kors. i agree with you on the customer, the categories across the board. but i think there are other stories that you can extrapolate from -- >> i haven't seen the chart today. guys, back in the control room, if you can throw up coach. we'll talk about that for a second, as well. gain versus pain, right? is kors' gain going to continue to be coach's pain? >> yes, we buy so many handbags in this country. we don't have an explosion in new customers. >> i would throw -- you say only by handbags -- >> maybe the market thinks they'll be double winners

that michael kors feeling. >> i love that look. >> the jewelry, the bag with the gold hardware, classicearing a kohl's sweatshirt on sale for $19.99. do you think it's upon important to make sure you've got on a monochromatic look? >> it's not too busy and printed. the luxurious accessories that are affordable. >> that bag looks speak expensive. >> that bag is a forever 21 bag, $39. >> looks like a michael kors bag. >> and ivanka trump sandal on and the pants are from dillard's, calvin klein. gap coat, $140 on sale. >> fantastic. thank you. >> good luck. >> if we want to head out to the cocktail party, valerie wants to do, is that a sweat shirt? >> yes. >> a top shop sweatshirt. this is the most expensive sweatshirt we're showing you today, it's $100. it has the leather trim on it which is what makes it look evening and special. look for lace embellishment, beading, leather trim, we belted it. don't be afraid to give it more shape and have it not be so big and baggy. works well over the tulle skirt which is from kohl's for $44. >> i can't believe the prices. >> all the accessories are a

i want to take a look at michael kors. michael kors you think of handbags and accessories.to certain extent. their revenue jumped. they have given a good forecast. they compete against other companiee like coach and the like and taken market share. fifth and pacific doing well, just to name a few but a new high for michael kors today. back to you. tracy: thank you, nicole. >>> well, drivers rejoice! i do at least. prices at the pump are at the lowest levels seen all year. they're actually poised to drop even further. sandra smith live from the pits of the cme with today's trade. you don't see how "gigli" and happy i am right now but this actually makes my day. >> tracy, i know the pain that you usually feel, those high gas prices. you're at new jersey you have to pay for full service on top of all of that. that being said, what is happening over at the no, nicole mentioned michael kors hitting all-time highs, doing very well. retailers, restaurant stocks, guess what? they will all benefit from these lower gas prices. i got off the phone with patrick dehaan at gasbuddy.com.

much here is what i'm looking at next week, michael kors is being added. they have a lot of great momentum. i'm concerned with q4. the company is performing, firing on all cylinders. i'm a buyer of michael kors head of next week's earnings report. one stock, two of them. sanderson farms an pilgrims pride. i love chicken. loved it for a long time. both stocks had decent reports. they come off the highs. david: this is thanksgiving play, by the way, jared. they also make a lot of turkeys there. >> they do. but again, chicken is good alternative to meet. >> lance, talk about exxon, particularly regard with oil coming down. why exxon now as oil is coming down? >> well, first of all, first of all, i agree with larry's sentiments this is an issue with supply and demand. we're also move together end of the year, which is typically a weak period of the year for oil prices. after the beginning of the year see an acceleration of oil back to the upside most likely. 100-dollar plus barrel of oil we had earlier this year, takes a while to translate into the actual bala

really not a whole lot not to like about michael kors. >> how about teen retail?ul will it be? >> american eagle is doing better than the others, they're actually getting a night digital footprint with teens, trending well socially when you look at the different surveys and consensus. folks are liking what they're doing. a new innovation center out in california. i don't know if it's enough to move it. >> unless you get a tide rises all boats, then maybe it helps. >> exactly. >> murph, what you like? >> i like under armour, and it's had a nice run. they're moving into the shoe business, and i think that's what's really going to help them. they're taking off. if you look at any athletic event, i did the spartan race, the marathon, which i didn't do. >> i did. >> did you see a lot of under armour? >> i did. >> that's the difference. people are saying they can't compete with nike. they don't have to. there's room for both of them. >> what i really like about under armour, it will go along with the rising tide lifts all boats. many folks are saying activewear is the n

i have seen you since michael kors' new year'sve masquerade. - uh, i don't know wt you're talking about. - right. let'dive in. - banks.

. >> yes, they are bringing the brands, with more than 80 stores, including coach, h&m, michael kors.ke banana republic, calvin klein? >> what about coach? >> yes. >> when we told shoppers about what tanger was offering, they could not wait for the grand opening. >> clotit's close it's vent and need it in p.g. county. >> are you going to go or are you going to wait? >> we're going to tomorrow. >> this is just the soft opening. they're expecting 20,000 cars a day to come into tanger. this is the road they're going to be using. oxen hill road. two lanes in each direction. narrowing down to one lane in each direction as you go a little further down that road. they're expecting some serious traffic tomorrow. in oxen hill, i'm tracy wilkins, news 4. >> a rough start for the streetcar project in northeast. today, during the test run along h street, it took the car nearly an hour to get five blocks because of pedestrians that wouldn't move and cars that were blocking the tracks. d.c. officials plan to crack down on that problem beginning on december 1. that's when they'll start ticketing and

this high-end retailer is the first apearl ipo since michael kors. shares were priced above the expected range at $20 and it closed well above that at $28.66. that's up 43%. >>> and shares of bio again soared to an all-time high after the multiple sclerosis treatment got the okay from regulators in europe. biogen has ten years of market exclusi exclusivity. it jumped to $87 and change. >>> the market monitor predicts in the new year many americans will spend cash and many of them will use money to pay bigger dividends d buy back the stock. he's ed perks, portfolio manager from franklin temple ton investments. ed, why are you convinced americans will do something they haven't been doing that much so far? >> yeah, good to be with you, tyler. the last several years, as to be expected, companies were more focused on balance sheets. so we saw a lot of attention not just building up cash balancesl but extending debt maturities and a nice runway of liquidity and we've seen companies start to shift the focus, and to some extent go completely the other direct

ahead of the holidays, luxury brand michael kors is surging. kors stunned wall street in its latest earnings report. sales were up 31% in the u.s. as consumers bought more accessories. the stock rallied 6% yesterday. in other earnings news, aol stock rose on word that the media company has higher revenues due to more ads. however, net income dropped due to costs associated with aol's local sites, patch.com. and investors watched as drugmaker regeneron soared. thanks to high hopes for its eye-disorder drug ... the stock rallied 6% yesterday. johnson and johnson will pay a record fine to settle claims it improperly marketed drugs and paid kickbacks to doctors and nursing homes. jnj is accused of marketing its schizophrenia drugs risperdal and invega- to elderly patients as a treatment for dementia. jnj also reportedly targeted its heart failure drug, natrecor to patients who may not have had servere heart trouble. the $2.2 billion dollar fine is one of the largest healthcare-related settlements in u.s. history the government will payout an histor

fast forward to some of the names on our radar, first up luxury retailer michael kors reporting second quarter earnings, the report comes two weeks after coach missed on revenues and reported biggest drop in north american same store earnings. guy. >> it got added to the s & p. we said don't chase this. i think it was trading up to 78, 79. when that announcement came in. that proved to be somewhat correct. now we are 75.5 again. i liked the name for a long time. valuation isn't completely ridiculous. but the retailers have been having trouble. the comments outs of have i sa and mastercard scare me. i'd rather you let them report, see what they say before you get back in the name. >> next up, can tesla get back in the fast lane? the electric car maker, which fell 17% in october reports third quarter earnings tuesday after the bell. steven grasso. >> look at margins with those credits, those carbon credits or whatever they call them, i'm not sure, but it's 25% with those. it's half of that without. so watch that number. that's really important. >> and finally, high flyer group on set to

a strong demand for luxury is boosting shares of michael kors.gs and accessories. and shares of gt advanced technologies surging after signing an agreement with apple to open a manufacturing facility in arizona. the company makes sapphire materials for a lot of apple's gadgets. >>> now to the roadmap. it's drama on capitol hill, as medicare chief marilyn tavener is defending and apologizing again for obama care. we'll go straight to talk to johnny isakson. >>> a shooting last night at a new jersey mall has many wondering how safe america's malls are and whether there will be another hit to brick-and-mortar stores as holiday shopping ramps up. >>> shares of orbitz. look at this one diving after the company reports lower profit and cut its outlook ahead of the big holiday season. we'll go straight to the source with the ceo of the company this hour. >>> plus, the world series mvp, boston red sox star david ortiz is at post 9. he'll sit down to discuss the big win and talk about the much-needed shave last night. >>> a senate panel is grilling the he

we have michael kors, this is a pop, popping 6%. >> double dose of good news, being added to the s &00. probably some time next week. obviously, the quarter they reported, first quarter was outstanding. i think the stock is getting into nosebleed territory. we liked it for a while. at these levels i think you have to get out of longs or get out of them entirely. i wouldn't short it. i think it trades back down to low 70 sglz drop in the form of zillow dropping 4%. josh. >> i would stay away from this. there was serious support at 80. it broke through that today. the ceo said something the street didn't like. quote, unquote,, "we're in heavy investment mode," that's code for we'll spend a lot and not earn much. you saw the reaction, totally avoid this for now. >> social scrap books and big birthdays. here's the fast money week in review. >> what do you got? >> we got a pop for birthdays. >> love the do. >> happy birthday to melissa. we won't tell you the number. >> thank you. thank you. >> rock n roll girl. happy birthday. >> thanks. very sweet. >> you have a scoop there. >> just poin

it's by the fashion brand michael kors >> reporter:the ad, which features a watch from the brand's timelessction, marks the end of apreview period designed to acclimate the service's 150 million active users to the idea of seeing photo and video advertisements in their previously pristine feeds >> reporter:after three years of being ad-free, instagram is trying to be careful -- to monetizing its business. the service, which sold to facebook for $1 billion last year, said it plans to deliver magazine- quality advertisements that it hopes audiences will enjoy. for tweens and teens, instagram looks like facebook's solution to dwindling attention from youngsters. though ads in the popular app bring the promise of more revenue, they could also send this all-important audience fleeing to competing applications. to start, instagram's other initial advertisers will also include adidas, ben & jerry's, burberry, general electric, levi's, lexus, macy's, paypal, and starwood. facebook declined to provide timing on when users would see ads from these brands. gabe slate kron 4 news >> catherine: still ah

. >> michael kors. >> you do? you don't think there is is a bubble in the high end? has the middle of the road as well as the high end. i think he's going to crack over 100. i'm going to pick the other one from you. >> we hope to have you back. >> thanks. >> can i see the tattoo? >>> i don't want to turn everybody off. >> all right. let's stick with the sports trade. coach mentioned the shoes people wear. >> foot locker is how i have chose on the play it. we will see tomorrow if that was the way to do it. >> i like nike. this has become -- this has become a fashion play. in addition to the shoes they have growing 25? 6%. >> it's getting pretty beat up. profits and sales both missed estimates. meaningful costs for 2013 and 2014 related to new store openings. investors not liking that. >> the so-called higher end grocery trade has not done well. fairway didn't do well. >> this goes back to what karen was saying. how people would say the whole foods shopper is never affected by the price of gasoline. these guys might have hit a wall. i think you have really got to be ca

michael kors, nike.panies are making things that people are dying to have, waiting in line to have. also, what these companies have in common is that they make products that make a statement, that a blingy, studded michael kors hand bags. >>> dow is up 72. senate banking has approved janet yellen as next fed chairman. >> as we expected the senate banking committee has voted to send janet yellen's nomination to the full senate. the vote was 14-8. all 12 democrats plus two republicans joining for the simple majority there. the timing for the full senate vote uncertain. the earliest could be the weak of december 9. it will be important going forward to see if there is, in fact, a delay. on to the full senate. janet yellen now queued up to be potentially the first woman to head the federal reserve. >> thank you very much. >>> when we come back this massive boeing cargo plane stuck at the wrong airport and may have some trouble actually taking off again. we'll get you details on what happened. later on it sol

the victoria secrets, michael kors, the national ten nans to say we have to open our doors earlier. >> what happened, at 8:00el. what did you see? >> the car park was full, 25% full but what was more shocking was the line that has formed outs of sears. when they opened their doors at 8:00 they let in 500 people in a matter of minutes. one of the big draws was the flat screen television. lines outside of penneys, and the traffic for the specialty shops opening. >> you were tell meg it was in the just the big ticket items that were drawing people in. they were coming in for things that you might class as articles and items for themselves like shoes, for example. >> absolutely. all three of the shoe departments were filled in those anchor stores. macy's had to have 150 people in their shoe department alone. consumers are shopping for themselves. the things they would have bought back in july that they didn't have the dollars for. >> what effect did last night's opening at 8:00 have on this morning when you would normally have the door busts. what's it been like throughout the day. >> it'

then there's the bizarre conundrum that is the newly public retail a vince, same as michael kors came public in. this comes on the heels of the container store, the incredibly richly valued home goods play that rallied a couple bucks today. i wish everything weren't so all over the place and the company's results weren't so varied. but here's the bottom line, the incredibly bizarre nature of the earnings and the reaction to the earnings can produce, i think, some of the best opportunities if you buy the winners that come down with the losers on an s&p related selloff or guilt by association trade. that means you want to be buying tjx, costco and home depot when you can and best buy and game stop on monday morning. let's go to danielle in kansas. danielle. >> caller: hey, jim. happy friday. >> same. >> caller: hey, i have a question about limited brands. they had an impressive third quarter, great profits. however, they issued a more conservative forecast for the fourth quarter. given that it's a holiday season, even valentine's day, should i expect the limited brands to continue to ri

because i'm sure someone -- the success of fossil, the success of toomey, the success of michael korsht now wants to back warby parker. >> we have had conversations with banks, all preliminary, i think it's relationship building for us, and for them. what's great, they're great at giving us a bunch of research on the industry. that's always helpful. >> they're doing it their way and you're doing it your way. congratulate you. you have a great, great concept. i've paid too much myself. that's neil blumenthal. check the website, buy the glasses. can i take back the ones i bought for $400? stay with cramer. i'm beth... and i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things yo

because i'm sure someone -- the success of fossil, the success of toomey, of michael kors, i'm sure someoneants to back warby parker. >> we've had conversations, all preliminary, i think it's relationship building for us. and for them. what's great, they're great at giving us a bunch of research on the industry. that's always helpful. >> they're doing it their way and you're doing it your way. congratulate you. you have a great, great concept. i've paid too much myself. that's neil blumenthal. check the website, buy the glasses. can i take back the ones i bought for $400? stay with cramer. >>> keep up with cramer all day long. follow @jimcramer on twitter and tweet your questions #madtweets. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. for all those who sleep for all those who sleep too hot or too cool, now there's a solution. sleep numb

just take a look at top line sales growth at prudential, michael kors and range resources. a lot of pointing to the upside when it comes toing looing at sales growth and the fact that we could be pushing higher ahead. i will point out there is caution when it comes to sales growth. at analysts point out when with you take a look at the dow jones industrials forecast for 2014 it's in our projected grow between 3 and 3.5%. pretty big numbers considering when you take a look the at q3 numbers that grew 1 and 2% and this quarter's numbers only expected to grow higher. maybe there is a little too much optimism bakesed into these forecasts. if you take a look at past performance over the past 12 months as some of these top growers were growing and economists it tell me we can continue to grow in the new year. back to you. >> okay. thanks, sheila. let's go to seema with the other side of the coin. >> the first warning sign could be the data with focus on the housing sector which has hit stumbling blocks because of higher home prices, exist hoping sales number does come out on wedn

neither of these holds a candle to what michael kors the accessory chain accomplished today with an astounding 49% increase in profits. with same-store sales that soared 23%. anything north of 5% increase gets the growth managers, fund managers salivating. this was more than four times that. no wonder the buyers are willing to pay $79 for the stock, up $4.32 from the last sale. even though it sells 23 times next year's earnings, i think it's cheap. that's right, cheap, which means i think it's going higher. or there's the bull market in cell towers. which capitalized the wireless carry yes, sirs needing to reach more people with clearer signals. companies that you'll hear from tonight with astounding year-over-year growth that keeps getting rewarded with the new highs, hey, listen, i've got a roof, welcome to it. . nothing gets investors more excited right now, though, than companies that harness mobile, social and the cloud. you have mobile and investors are interested. you have cloud and they're getting enthused. but if you have all three of them, the holy trinity of what's working right now

shares of michael kors company got a boost after the company announce ad stronger forecast, 40% jump in profit. liz: new call of duty ghosts went on sale for the first time today. the latest version of the billion dollar videogame franchise. one of most popular, not that exciting at least what the markets are looking for in sales. "after the bell" starts right now. liz: pretty choppy action in the markets today. there are more than 122-point swing for the dow jones industrials. let's take a look at action. jason pride, glenmede investment strategy. will tell us what investors should be watching in the international market. but art and should. larry shover live from the cme. larry start with you. go ahead. what was your thoughts today? >> the market was somewhat static there is nothing going on behind me but there are important exceptions at the margin. consider the ism non-manufacturing data came out pretty darn good today. that is on the heels of a good manufacturing report last week. combine that with the fact that expectations for central banks are starting to evolve just a little

michael kors has been a monster. tiffany's probably rich.in which probably trades the stock down to 77 77.5 i think you buy it there. every pullback has been a great opportunity to buy it again. i think that's what you will see tomorrow. great names, stretched at great love tiffany's if i don't get out of here will miss my show. >> just for the see y you said in on ""fast money."" thank you all for starting your day a lit ne ♪ ♪ [ male announcer ] this december, experience the gift of true artistry and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for t

michael kors. tumi. coach is the only disappointment we're going to get. very shortly, other big names including tiffany. as for the other markets, middle end, little disappointment. target came out. they beat. disappointing traffic. 1.3% to the downside. that's a disappointment. fourth consecutive quarterly decline for them. sears holding a completely different story overall. still a big loss. sales, same store sales down 3.1%. this was the 14th straight quarterly sales decline, maria, that we saw from sears holding. that stock down 2.75%. widening losses, declining sales. not a good situation for sears right now. maria, back to you. >> bob, stay right there. we want to talk more about this conversation. heather hughes, renee norris, william skien and jim lowell. renee, let me kick this off with you. what do you think about dow 16,000? is this just a number or is this a catalyst to go even higher from here? >> i think it's a catalyst, maria. i do think that the markets still have quite a bit of room to grow yet. and i'm really excited about the fact that

our next one here is michael kors, up another we'll call it 57%. this time around year to date. the luxury retailer also reported explosive q4 sales and 45% earnings growth. kors is seeing popularity abroad. still very big, underarmour up 65%. that stock is up really as they see strong demand for athletic gear and also they're getting into that fitness tracking technology business. that's big. and finally, this one here, 5th & pacific. they're surging up around 150%. strong sales from its kate spade brand, lucky brand jeans really driving that stock performance higher. and there's one more we've got to focus on because it's a mover today. that's williams-sonoma. check out this because don't miss the ceo today on "the closing bell." she's going to be on talking all things williams-sonoma. that stock you can see up 7% today. back to you. >> i want to ask you about jared the jeweler. last time i did that, something happened. that's another story. dom, thank you. >>> should you be adding retail to your portfolio? hugh johnson is chairman and chief executive officer at hugh johnson a

don't forget what macy's sells, clothes from ralph lauren, accessories from michael kors, luggage from tumi and so many other suppliers that we have to rethink our negativity about them too. or how about this airline deal. i know after a day's run the good news is baked in the stock. but any analysis of airline merger shows that the big gains in the stock occur after the merger, and the leading gains are small potatoes versus what happens of the combination. i think that will be how this one plays out too. can i say buy us airways, people? can i be more direct? do you like my subtlety? i also like the fact that many of the home builders and housing related stocks extended yesterday's gains. we lost that cohort ages ago. i heard pulte today tell a pretty decent story. and what else? what can be said about a market where starbucks has to write a $2.76 billion check, more than anyone thought, to kraft, and yet starbucks stock is up 87 cents. if it were $3.76 billion check, would the stock be even up more? no, i have to tell you, i can't even explain this strength. i do think starbucks is

. >> it's hard for investors not to compare any new high-end retail ipos to michael kors. first day of trading at new york stock exchange under ticker symbol vnc, vince holding corp is exciting wall street with shares up better than 40%. vince shares opened for trade at $29.50 per share. comfortably above that $20 ipo price, which was also above the expected $17 to $19 range. vince holding company's market cap is $1.1 billion. they sell at barney's, bloomingdale's, neiman marcus and saks and their own boutiques. they expect their potential for boutiques to grow to 100 in the u.s. and looking at international expansion. logging a 32% increase in the first half of 2013 following a 23% uptick in 2012. and 7.6% growth in comps in 2011. despite increasing comp tilgs and heavily promotional environment, vince expects its q3 margin to expand by more than 1 percentage point. sun capital owns ma joes-h joers of the shares. maria, we'll miss you. >> we're joined with the ceo of vince here at the post. good to see you. >> good to see you, too. >> jill granoff joining us. look at this

. >> yeah, i think what willia williams-sonoma is telling you is what michael kors told us the other day. there are two different consumers, and the high-end consumer won't stop shopping this season. i think that if you look at all of the hiring that's happening at retailers all over the country, this could be a much better-than-expected year, versus prior years and versus what they're thinking so far. so i like the group going into the holidays. >> all right. well, goldman sachs just released its 2014 outlook for stocks, including four suggested strategies to find value. we're going to find out if the traders agree, and what your best play could be. then hedge fund heavyweight david einhorn is here to reveal his best investment idea, exclusively on cnbc. that and much more is just ahead on the "halftime report." [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. your grass waters itself. your

they ought to open a michael kors store because when you go over that michael kors, do you know how manyimes -- when my late mom, when she was wanting to talk about who's with it, she talked about the term "jet set," jackie o. was jet set. they need to merge kors and a & f? >> do you take aerpostale out to the wood shed today? >> you have ever been to those stores? >> no. >> it's amazing, they ought to merge. they all have green flip flops. >> david, you may want to focus over here. >> i'm focused. >> we're on tv. >> is that what we're doing now? >> when you go to shopping with your daughter, like i like to do, she's like, dad, hollister is horrible and a week later she's like hollister is fabulous. the fickle nature of teens is extraordinary. >> which means what, a & f can come back quickly? >> probably can. maybe the top-level guy ought to go. maybe this is time for him to spend a little more time, family-oriented, maybe he should be more family-oriented. william weldon became more family-oriented and that helped. the ris per dal $2.2 billion fine, that was staggering. >> that was stag

>> i think macy's wins, tjx wins, michael kors will win. limited should win. best buy, outside of my office the traffic, the line went straight down the block. >> but best buy said their margins would be compressed. >> right. >> what would you do with this stock, best buy? >> if i could buy it or sell it, i'd buy it. the reason why? great expense structure to make profits down the road. >> dana will be with us all morning. >>>'tis the season for early spending sprees. joining us now is richard barry, the toys retailer and merchandising officer. how are you? >> i'm great. how are you? >> i'm great. give us a sense of what has been going on overnight for you and what you're seeing today. >> we opened at 5:00 p.m. last night. the sales staff at midnight the night before online. what we expected for this thanksgiving and for black friday period was that people were going to shop how they wanted and that's what we've been seeing. so great sales online at 12:01 midnight. we saw great crowds at 5:00 p.m. we've seen a nice stream of traffic heading through. right now,

michael kors reported profit of 71 cents a share, 3 cents better than expected.the forecast for the year. the maker of medical supplies also gave a full-year forecast slightly below the street's consensus. but it does have a history of conservative forecast. >>> and regeneron pharmaceutical announced it beat estimates by 35 cents. its results were helped by growing sales of treatments for macular degeneration. >> that's $8 billion market cap now. >>> let's get a check on oil and currency levels. joining us now is carl larry. we have boris from bks, and i mentioned those inflation numbers from europe and he got all -- that really got him going. gives cover to the fed to do what they want to do. but also means the race to the bottom -- you know, we won't necessarily see 150 on the reur because they're going to be as accommodative as us here. >> it was an interesting interview. very telling. today's ism services is going to be critical. not only because it's the largest part of the u.s. economy. it's usually a very good forecast. so traders are going to be watching

strong, dare i say democratic luxury spending giving michael kors a profit boost and remember, that'sne pick and the stock is up 3 1/4%, 77 on kors. back to the obamacare disaster, that's what i'm calling it. we've got more numbers for you. the keiser family foundation says nearly 17 million low to middle income americans will be eligible for tax credits to buy obamacare. elizabeth macdonald is here with us. first of all, this is separate from medicaid, which you get for free, right? and these are subsidies paid to nearly 17 million people in the form of a tax credit. >> right. stuart: is that like cash in the hand? >> it is like cash. what we're seeing here is essentially the tax credits in health reform could amount to the cost of the u.s. taxpayer, could cost about $73 billion a year. the tax credits that are being given out to buy health insurance on the exchanges. we're seeing that they're being done on the honor system, meaning that the states are-- and the federal government is giving the amount upfront and then doing the audits after the fact to verify whether or not people qu

michael kors doing so well with his accessories and watches and bags and the like. check in on twitter. over $50 for the first day. today hit a new low but at the same time some positive comments, they think it is going to grow in a meaningful, faster pace. however the upside is 33 to $48. they are not mentioning the $50 range. back to you. connell: you will hear all the stories about the ipad air, but there was a defective version of the device that started sparking and caught fire in australia. customers had to be evacuated because of smoke. a spokesperson confirms a burst of flames appeared from the charging port, it was in demo mode at the time. apple has it in question, and it is looking for the explosion. congratulations on that, really happy. dagen: it was like pulling teeth, they were sold out everywhere. one of the most prestigious universities as having some difficulty with its finances. harvard university devastated. that is up from $7.9 million in the previous year. operating expenses rose 6%, benefits, wages and other compensation accounting for half of

. >> here is the first ad perry it >> is by the fashion brand, michael kors.h features a watched from the brands times collection mark to end of a preview. . >> after three years of being at free instagram is trying to be careful to monetizing is business the servers which sold to facebook for 1 billion last year said it plans to deliver magazine quality advertisements that it hopes audiences enjoy. >> it is the bay area's week of arts and entertainment report, kit can get their hands on science or take the family i tisiphone to honor the day of the dead. >> the center cisco symphony marks the day of the dead with the sixth annual concert celebrating like to know music and culture. a rock and 1:00 p.m. for a pre concert festivities in the davies symphony hall lobbies including refreshments, children's activities and colorful displays. >> the sentences pacific bell the dead is this saturday at 2:00 p.m. and arrive early at 1:00 p.m. for pre concert festival. >> the 18th annual dia de los muertos festival, is at fruitvalle transit village in oakland is where you

defile automotive, directv, liberty media, michael kors, aol and 211th century fox report results beforee'll hear from tesla motors and zillow. >>> now, google wants to help you out. that's very nice of them. they want to launch a new help house sur way today. so apparently you'll be able to offer many things. google at teamed up with around 1,000 topics in fitness and other topics. sessions can run a few minutes to several hours and pricing is set by the individual expert. goose t google will apparently take 20% of whatever fee has been charged. we are asking viewers today, would you use this new service from google? and what would you use it for? joe tweeted in to say i would ask google to help me understand women. he said i don't know if even google will be able to do that, even with their their cash they may not be able to come up with the research for that. keep your responses coming in. worldwide@cnbc.com, tweet @cnbcwex or at the direct to me @rosswestgate. i think i say to my producer, men are easier to understand. yes? no. we'll come back in just a few moments. risks and capture

. >> michael kors stock is going higher, fossil is going higher. it's a bifurcated market.s doing quite well is they have housewares, too. housewares is very strong. home depot. there are whole aisles of home depot doing incredibly well. carl, it is the most bizarre thing i've ever seen. some things are not selling. keurigs are sell ing. we're getting away from the idea that a hedge company says this is no good so sell it. just because a hedge fund come on and says you have to dump this stock, that's losing luster. people are realizing that maybe these hedge funds are more self-interested in themselves and not out to help you. herbalife, maybe they're betting and making money. we're in a moment where some companies are doing incredibly well and meantime you have ross stores, they don't have the right assortment, they're not interested in people. footwear is selling active wear. ross stores, i listen to the conference call and i think they're saying maybe we don't have it. you have to be careful when you buy retail. target. that was a very disappointing quarter. i had nothin

. >> macy's, tjx, michael kors will be some of the winners and we'll have a retail season that will be extended. >> thank you for joining us. right now it's time for "squawk on the street." >>> good morning and welcome to "squawk on the street." i'm david faber with kayla tausche. it's bring your kid to work day on what lab shortened trading day for the markets. the stock market will close at 1:00 p.m., the bond market i believe at 2:00 p.m. we are poised at what would seem a higher open. we're not going to get a lot of hours of trading in. as in for the 10-year note yield, let's take a look and see where we are. there it is. 27.66. and we'll go to the map in europe where i can never figure out the geography. >> you know the boot is italy. >> i know the boot is italy and i can pick up russia. our road map here back in the united states starts with what else, retail. millions of shoppers, yes, millions hitting the stores for black friday. we'll go live to say how sales are going. brian? >> the markets are open today for an abbreviated trading session and we are poised to open at record

coach in there and lululemon but tiffany's has been a real star, powering along with starbucks and michael korsrunswick, because they make boats. this is the rich people spending, david, globally. >> you've been talking about this as an idea for some time, the gatsby index you refer to and it's been working. >> right. if you're obama, i think you're watch being the show -- probably not. but if you are, i think you'd be saying we didn't raise taxes high enough, these people are still spending! man, they spend like mad. >> we talk about it as many times being a result of the outgoing fed chairman. they were just talking about him on "squawk on the street." >> these are tiffany cuff links. i'm feeling it. we have the first amendment and we defend it in our country. >> we don't typically put squour journalists in jail. occasionally we do, which is a bit scary. >> the obama administration, they haven't been particularly kind of journalists. >> i want to speak out in favor of journalism. >> we can get to watch incredibly brave people in countries they would not believe. >> we stand up to ackman and i