No Makeover Needed
In the last few days, investors have been freaking out about soft holiday sales. A report by MasterCard's SpendingPulse said sales for the two months before Christmas were up just 0.7%. The news caused investors to hit the eject button on the retail sector. While we won't know the results until all the retailers have reported one name I follow, Ulta Salon, Cosmetics & Fragrance (ULTA), is on track to report a strong holiday quarter. Cosmetics tend to sell well in any economic environment, and I think ULTA will end up a big winner this season.
When I wrote about ULTA in June, the stock was at $95.05 -- basically the same place it is now. But I still think ULTA is one of the most exciting names in the specialty retail space and should be able to reach $120/share....277 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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