. >> ulta, which you own >> i own ulta. i still own estee.hat was one of the names i bought on the 8% drop in the quarter. i also like nike, a very big position for me. we talked about that before. i think you just want to be very selective in retail. i don't think amazon, that threat is going away anytime soon that plays right into gap's hands. >> the stock's at the same price it was at in 1989. it's like a bond with no yield i have no idea why anyone is even talking about this name >> i don't know if it's fair to do that, because there are trades, even investments between that steve likes target, but i will say this she talked about store closures. that was her big thing at the very end, she said, there are store closures how about the fact that tjx opened 258 stores last year? that's something that tells you about what they're doing you look at the stock, it was $76 in the beginning of this year now here it is closer to $86 a share. >> still own it? >> i'm not in it right now >> why >> i have been in it, i like it y i wait for the bupullba

costco, ulta moving lower while lulu hits a new high the traders will tell you whether they're trading these names. >>> plus facebook's annual meeting taking place today josh lipton is there josh. >> reporter: that's right, melissa. mark zuckerberg was there today fielding questions from shareholders about rge o aanf topics what did he have to say? we'll recap it for you when "fast money" returns well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. with a $500,000 life insurance policy. how much do you think it cost him? $100 a

ulta earnings are out. eric >> the quarter seemed good they beat on the top line.the bottom line the comps were better than expected, the stock is down because the guidance for the next quarter is not that good. that guidance below expectations for q2 revenues there. that's the stock down about 2%, now down 1%, did great this quarter, but maybe not so good in the next quarter. back to you guys >> eric, are you more of an ulta or sephora guy >> i'm just distracted by the goose there. >> yeah, exactly it was so -- he hit the score board. anyway, eric, thank you very much ulta down 1% after hours >>> fast money traders say when it's time to cash out of the red hot chips after micron was downgraded as the worst in the s&p today. we're right back whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat y

should have on their radar this is really interesting or oh, this is really interesting >> i think ultas interesting we went through a phase in the department store space where they started promoting the boutity categorbout i ity -- beauty category i think ulta is one of the pure plays in the boeauty space. they have been conservative in terms of guidance they laid out. they report this week. i think lululemon has room to run, even though the stock has basically doubled since we upgraded it. they're just getting color back. just getting styles correct again. maybe they'll get a ceo soon and pbh is a stock you have to own. they're comping up the% on tommy hilfiger and 9% on calvin klein. you don't see that in retail >> jim cramer had the ceo on "mad money" last night you go through that interview, it's pretty much good news here, good news there. the ceos tend to be optimistic, but he was -- i don't want to say wildly bullish but his comments were inspiring. sounds like you're a buyer and believer >> yes so we upgraded pvh about two years ago and have stuck with it and remain sticking wi

next one up, ulta. we have earnings tomorrow. looks very solid this is a beautiful elliott wave pattern. one, consolidation in two. beautiful move up in three and it look likes this little consolidation happens to be wave four heading into earnings i think we're going to have a wave five push up. that's going to put you up to about 275 for earnings tomorrow if it's a strong number. next one finally, also you guys were just talking about it was costco also earnings tomorrow, same thing. a beautiful consolidation here, just around the $200 level showing really good relative strength as the overall market showed a lot of volatility again, earnings expecting a $5 move up here i put this earnings trade on here at the close for that $5 move up in costco. so i'm long tomorrow for earnings. >> obviously, you like these three individual stocks. but i'm going to ask you the question i asked the panel how does the sector look comp e compared to these individual stories? are we just pointing to various idiosyncratic stories that make the sto

costco, ulta butte's wieauty, al three on track for the best months of january led by the nasdaq up nearlyeen a climb on chips, and it's up 35%. hay we report there. it's supposed to be 3 to 3 >> the ceo goes up and you do the channels much better and ult on has been back if show ask we put steel and lum numb and canada, back to you. >> that's china because that's the way china gets around. >> so we just get the official news with, and see what happens in a few moments from now and rick santelli, take it away. >> yes, the may read for chicago purchasing managers survey is 62.7 dramatically more than we expected we were looking for a number in the 58 area. this sequentially follows 57.6 and it is a lofty read by any measure. it's the second best read of the year and it comes back from 65.7 and stronger than the next best read which would have been february in 61.9 a very solid read. as for the markets, well, we are seeing interest rates still behave a little bit sluggishly if you look at intraday tens, you can see they're hovering down two basis points and we've come down from the highest y

there, western digital buying back 155 million out of the $1 billion in buybacks, and also today, ulta upgrading, seeing upside potential on expectations for stabilizing comps, store comps growth those are month to month comps, back to you, kelly >> thank you very much bertha watching the nasdaq for us north korea just cancelled a series of talks with the south koreans over american military drills in the area we bring in hans nichols from the pentagon with the latest move >> reporter: i reached out to several officials who are completely blind sided by this announcement from north korea that they are suspending talks today, wednesday already in korea, between north korea and south korea. the stated reason is that there's ongoing exercises. there's something called max thunder right now. it's what you expect, a huge display of force in terms of air force of the two countries working together officials say you need to do spring exercises to ensure interopera interoperateability and maintain the alliance between south korea and the united states of america. the assumptionfu was spring ac

. >> on a brighter note, ulta outperforms from 220 to 280 now. >> i thought that was good on two differents i thought it was good because i think that mary is doing a fantastic job. i also thought it was good he started out by saying, listen, i missed it. i should have recommended this awhile ago it's a great mind. you know, he says, you know, we're upgrading it we missed our opportunity to upgrade at 220 level i like someone willing to say i'm kind of late i agree with everything in here. the piece i like was the morgan stanley endorsement of estee lauder it's a prestige brand. the world will pay up for prestige brands. from a fabulous analyst. we have to get him on-air. >> the day after the fireworks, right around 24 hours ago cbs is one of the few stocks up this morning. there's zero chance their calculators lead them to the viacom deal, which is utter nonsense there's so many things that play here you can see cbs is up. there's going to be a debate and there's a completely different opinion of the charter and the reading of the charter that cbs said allowed it to issue the dif dent tha

at a time when many headlines suggest retail is dead, with popular cosmetic shops like sephora and ultant $25 million on renovating the store. when you hear headlines like, retail is dead, online shopping has taken over, do you think this is the answer? >> i think you have to make something big to make it different and bring customers in. i walk in here. i feel you've never seen it before. that makes us a destination. i think that's what gets people off the couch and out the door and into retail again. >> reporter: will betting on beauty pay off? >> in the past, department stores have concentrated on apparel. having an entire floor dedicated to beauty could pose a little bit of risk. however, the beauty industry is a $445 billion industry. >> reporter: in fact, a recent survey suggests millenials actually prefer shopping in stores rather than online. not because of the products or prices but for the extras. saks is banking on its 32,000 square foot space with 15 spa rooms to get a bigger piece of the booming industry. it's not alone. macy's updated its beauty counters, adding new displa

tesla, which was under pressure over the last few weeks over various rs, and today bouncing back, and ultaof the fall from grace stocks bouncing back today as well, and the megacaps, that really helped you have amazon today doing pretty well, and netflix putting in an all-time high ahead of a little bit of a profit taking this afternoon facebook also higher as well kelly, bear in mind that if you have some of the pullbacks, you talk about some of that capital coming back to the country, apple has $100 billion buybacks so on days like this, you imagine they will be in there buying a little bit cheaper prices >> yeah, that's true sur they don't mind. bertha, thank you very much, up at the nasdaq for us >>> talk about rates and the dollar, both of them moving big. rates down dollar up. rick santelli. >> you know, kelly, there was a point in time, not that many weeks ago, we discussed when rates go up, we have to look at why that can be a good thing there's no doubt, as much as we all like lower rates for the most part, today's one of those exemplary days where we don't. it's going down becaus

ulta beauty was upgraded to boost comp store sales ford meantime downgraded to neutral at piper jaffray sales decline. and bernstein upgrading cbs. saying based on recent events it now sees a near-zero chance that cbs will strike a deal to combine with viacom. and gap upgraded to outperform compelling share price level and any pressure on revenue from promotions is already reflected in the stock >>> we still have a big hour ahead. after the break, scott gottlieb will discuss the president's drug pricing plans and later, tesla under fire after a model s driver says the car was in autopilot before it crashed into a fire truck over the weekend. elon musk defending the company yet again. detailed report from phil lebeau straight ahead "squawk box" will be right back. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, de