These are the stocks posting the largest moves before the bell.Market Insiderread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
Bridgewater Associates's flagship fund reportedly posted one of its worst first-half performances in two decades.Hedge Fundsread more
The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Shares of Micron rose on Monday following an upgrade to buy from neutral from Goldman Sachs, citing a faster-than-expected deceleration in memory chip production.Investingread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Ulta Beauty shares rebounded Friday morning after falling in after-hours trading Thursday, as the makeup retailer announced it will be bringing Kylie Cosmetics to its stores, exclusively, ahead of the holiday season.
The stock skyrocketed as much as 10 percent, hitting a 52-week high of $268.88. The shares had fallen more than 6 percent in extended trading Thursday, following Ulta's mixed fiscal second-quarter earnings report. Investors were disappointed with Ulta's forecast for the third quarter, but welcomed news of the Kylie Cosmetics launch, which has the potential to draw more customers to Ulta stores during the busiest shopping season of the year.
The Kylie Cosmetics beauty brand, started by TV personality and Kardashian family member Kylie Jenner, has amassed a loyal fan base selling only online and directly to consumers. The move into Ulta stores later this year will be Kylie Cosmetics' first expansion beyond its own e-commerce platform and a handful of pop-up shops.
"Kylie Jenner is a highly influential force in the beauty industry," Ulta CEO Mary Dillon said on an earnings conference call Thursday. "This brand addition is yet another example of successful digitally native brands valuing a brick-and-mortar partnership with Ulta Beauty to extend their reach with consumers."
The company said it will share more details about the brand launch at a later date. Jenner also shared a tweet about the announcement to her more than 25 million Twitter followers.
Retail analysts expect the Kylie Cosmetics launch to create a buzz during the all-important holiday season. It will help differentiate the company further from its competitors, including LVMH's Sephora, e.l.f. Beauty and Macy's-owned Bluemercury.
"ULTA continues to differentiate itself via these exclusive partnerships, and has uniquely positioned itself by carrying both the smaller, high-growth direct-to-consumer (DTC) brands, as well as the established legacy favorites," Cowen and Co. analyst Oliver Chen said in a research note.
Ulta reported net income for the quarter ended Aug. 4 of $148.3 million, or $2.46 a share, compared with $114.2 million, or $1.83 per share, a year ago. Analysts polled by Thomson Reuters were calling for earnings per share of $2.41.
Revenue climbed a little more than 15 percent to $1.49 billion, in line with analysts' forecast.
Sales at Ulta stores open for at least 12 months were up 6.5 percent during the second quarter, short of the 6.9 percent growth expected by analysts.
For the third quarter, the company is calling for earnings per share in a range of $2.11 to $2.16, compared with analysts' consensus estimate of $2.31 a share. Same-store sales are predicted by Ulta to climb between 7 and 8 percent, in line with analysts' expectations.
Looking to the full year, Ulta is still calling for same-store sales growth of as much as 8 percent. It says e-commerce sales should grow in the 40 percent range. And total revenue is forecast by the company to climb a low-teens percentage rate.
Given the earnings beat during the second quarter, some investors may have been hoping Ulta would raise its forecast for fiscal 2018.
The launch of Kylie Cosmetics at Ulta "underscores the limitations of a pure digital footprint and the importance of traditional brick-and-mortar retail," Evercore ISI analyst Omar Saad said in a research note. "Ulta is well positioned to help cultivate and capture this percolating wave of newness and innovation, a dynamic that should support continued comp strength for at least a while."