ulta fell 19 bucks after its initial release. from $120 to $101 off some cautionary comments and worse than expected earnings. five below dropped $6, going from $48 to $42 off a similar reset. it was way too hard to make a snap judgment based on headlines because that's rarely been the way to go. i'm not saying there aren't instances to save money if you blow out first on the release and ask questions later, and that was the case with cisco, but when you see declines of this magnitude, you should do some studying. you have to listen to the conference calls and compare to the notes. almost immediately on the ulta conference call, i got nervous. listen to the reasons i pulled about what management had to say about the down beat end of the quarter and beyond. quote, tougher than expected sales environment. quote, heightened promotional environment of the holiday. quote, holiday promotional holiday season. quote, less certain consumer environment. quote, an environment that looks to be promotional. i mean, wow. this is just pulled qu

almost immediately on the ulta conference call, i got nervous.he reasons i pulled about what management had to say about the down beat end of the quarter and beyond. quote, tougher than expected sales environment. quote, heightened promotional environment of the holiday. quote, holiday promotional holiday season. quote, less certain consumer environment. quote, an environment that looks to be promotional. i mean, wow. this is just pulled quotes. they blame the stars, not themselves. my buddy herb greenberg who said he was nervous about the report before the quarter because of that eyebrow raising management shuffle i talked about. put it out today in the street.com that new management had been confident of the business not that long ago but now the ceo mary dillon seems to have changed her tune saying that ulta, and i quote again, currently conducting an in-depth strategic planning process to prioritize our growth strategies, end quote. that says, wait a second, maybe we're off course here and need to reassess our plan to -- instead of just keep

ulta admits its re-evaluating its long-range financial plans. singer bob dylan has a new record...dylan's famous electric strato-caster fender -- the one he played at the 1965 newport folk festival-- sold at auction for $965-million. eric clapton's famous fender sold for just under $959 million in 2004. the death of peacemaker nelson mandela is drawing a wave of tributes. president obama... who credited mandela with his own political awakening... is expected to travel to south africa for the memorial service in a johannesburg stadium on tuesday. nasa joined the worldwide praise by posting an image of mandela's native cape town taken from the international space station in may by a canadian astronaut. and the washington post highlighted his huge success in using economic boycotts to change public policy and end apartheid. mandela will be buried sunday at his rural home in qunu , south africa still to come: trader talk on why the gold chart points to a possible breakout for gold prices... plus, a breakdown on the jobs report for november-- is the

what was most daunting was that we basically felt how could ulta ever miss?ompare that with canness, a texas-based retailers that sells mat interestses and everyone felt like they could roll them out forever. when you see this, carl, understand this is the fire you play with when you're in retail that is supposed to have no glitches. this story was not supposed to have a glitch and people are basically saying i didn't even know they were that price sensitive. they were doing a lot of promotion at the end. it's a very instructional conference call to go listen to because you basically got the sense they didn't know how bad things really were. >> interesting. that's going to be one to watch. linkedin. >> they used the word. when the duck comes done. they mention china. they're going to china. i'm a huge fan of this company. people thought the last quarter was weak, i felt it was terrific because they're spending a lot to dominate the world. moving into china is a gigantic game changer with them. you have tens of millions of people on linked in. china could be v

what we did, was we launched it in ulta and kohl's and a thousand stores. one, give one to neighbor in need. for everyone you buy in that store, we give one to a shelter for battered women in that community. because we want to make people feel beautiful. the most beautiful that they can be, not beauty of a magazine, but their beautiful self, so that they have the confidence to make anyone else treat them as that beautiful that they feel in that moment. and, to embrace opportunities so i'm traveling the country with ken pavis, celebrity stylist, who we're doing a new hair care line with, sarah solaro celebrity makeup artist from jane and richard lowe and our designer at spiegel and we're going around to shelters for women who are less fortunate and we're making them over soup-to-nuts, doing their makeup, give being them hairpieces, dressing them up. when you see the joy they feel, and my message to them is, you know, remember this moment and know how beautiful you are and do not let anyone treat you with less dignity than you feel at this moment. melissa: ly

after the bell it's ulta salon a look at the more expensive side of spending. investors get indicators today a gdp revision and jobless claims. always lisy here. for now back to you. >> a big day friday as well. >> new this morning, ford released images of its newest mustang. a 50th anniversary edition. ford motors debuting the model in a number of cities today. planners hope the model will appeal to traditionalists and still drawing new buyers. here the rev of the engine. >> if you are looking for something in red we got it. meteorologist christina loren this morning. >> me and santa, we have a lot of things in common. we both jiggle like a bowlful of jelly. 30 in san jose, do whatever it takes to stay warm out there this morning. because boy, it is so cold this thursday. coldest we've seen since last january. these are the highs where we start out in the 50s, this is where we're going to end. 51 in the south bay, east bay 52. 52 in san francisco and the north bay, 52 degrees for today so another freeze warning as we head through tonight as the sky stays mostl

ulta to the downside. gap to the upside, kelly.y a bright spot from that batch of retailers. it confirms what bill and i heard of them all on friday. >>> coming up, winning the minimum wage fight may have unintended consequences. a white castle executive had this to say about it to us yesterday. >> we have 406 restaurants. what we know is that would result in closing more than 200 of those restaurants. and the ones remaining would be glowing embers. they'd be dying stars. >> we will hear the other side of the story. a fast food worker taking part in one of those nationwide strikes you're looking at today. that's when "closing bell" continues. markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious inves

ulta salon. isn't that the poor man's sephora? green mountain coffee, that was driving greenberg crazy. pvh up $3. this once is bouncy and comes back. that's causing a short. green mountain is a -- the noise about a single server soda maker is causing the stock to get jiggy, and that, too, is against the grain short squeeze. can i get one of those machines? pvh is a simple case of the market not respecting the bank act of the ceo. conxwrat las vegas on being a grandfather. the stock has been heading down all day yesterday, and then when the earnings came out, they plunged another five. we like what we heard from manny. he sat right here and told us a great story. the panickers came out. the short sellers pushed it down. that kept the stock down. manny conducted a conference call where he reiterated and the stock rallied ten points to the short sellers. yet another squeeze as the stock finished up $4.44. >> all pros don't like a rally on short squeezes. they like to see it rally, not on the pain of those that held losing bets again

here are couple things for ulta. numbers came below analyst expectation.en working on near term growth for the company, the long-term perspective they have been trying to work on the company, she took over in the last five months, basically were not doable. she has been trying to turn it around. meantime, today, terrible. in addition to that, you had jeffreys cut the target. piper jaffrey cut the target. stearn ag cut the target. you get the picture. tough day. david: we do indeed. thank you very much, nicole. have a great weekend. >>> five seconds ago the s&p futures closed. go back to the cme chris gersch, will you see profit-taking on monday or full team ahead? >> no profit-taking here in the last 15 minutes. we actually see an up tick of about half-point on the close. and, as it is settling up right now i think that no one really will hit the bid. so to answer your question, monday, there is more buyers than sellers i think in the market right now for remaining of the year. story of sellers will come next year when we have volume kick into the market.

hutton >> and the beauty product retailer ulta reporting below estimates. softer retail trends may continue into the holiday shopping season. amonge we're hearing retailers. >> sure is. news it will on spinoff the lands' end to shareholders. it's the latest move by the retailer trying to turn around its results as they face wider losses. happy.ly investors not shares are down 20% just this week. this has been absolutely brutal. >> lands' end, though, well, they make great tote bags but profitability not too high. $50 million in profits on on $1.1 billion in sales. >> i have lands' end luggage. do you have? tote. luggage, a >> everyone buys those for the kids. number five, j.c. penney, down 9%, extending a three-day slide after disclosing that regulators asked for information finances. a letter from the s.e.c. on october 7 requested info liquidity, cash position, as well as a stock sale in september that the to fund an using attempted turnaround. say that it doesn't ever get boring talking about j.c. penney. it?n't that was sarcastic. it does. >> no, it does

>> i'm terrified of buying the ulta vista of this.-- all the reasons that this part of the economy has failed to adapt are mostly still in place. . i think it'll take a while to unwind and fix itself. we haven't put our bets down on that trend but it's going to be big, it has to be. >> what has to happen before you'll put money on the table for this? >> you know, a lot of people say there's not a lot of money in that because they're college students. come on, that's b.s., budweiser makes a lot of money. we find someone who is making money. >> i think you look good. i do. >> -- a revision to the third quarter gdp. rick santelli standing by in chicago. take it away. >> all right. our second look at third quarter gdp is off the charts out of expectation range. 3.6, 3.6. hey, anybody have a camera? let's snap a picture of that. i have a feeling it's going to be a while before we see another one of those. it's good and most likely continued inventory adjusting that pushes it higher. initial jobless claims for the most recent week. well, we