Click the chart to check Ulta’s stock.
NEW YORK (CNNMoney) — The weakness in European stocks, thanks to fears of a Greek bond default, transferred to the U.S. stock market on Friday. All major indexes are trading near their lows for the week.
One of the few stocks that stood tall in a sea of red is Ulta Salon (ULTA), which gained more than 10% by midday trading. The beauty products retailer beat its earnings estimates for 11th consecutive quarter, and its shares are now less than 5% from their all-time high, reached in July this year.
The market reaction to Lululemon’s (LULU) earnings report was not as favorable. Shares of the high-end yoga clothing retailer slid 7% after it beat estimates handily, but offered guidance below expectations, citing rising margin pressures. Same-store sales in the U.S. and Australia continue to grow at a healthy 30% year-over-year rate.
Another momentum juggernaut that has been experiencing selling pressure recently is OpenTable (OPEN). Shares of the online restaurant reservation company are more than 50% below their all-time high reached in April this year.
The latest challenge for OpenTable came with the news that Google (GOOG, Fortune 500) acquired the restaurant reviewer Zagat.
These are some of the popular themes on StockTwits this Friday:
ReddyCapital: $ULTA .38 vs .32 est. I guess women can’t afford to look ugly especially when times are rough.
OptionRadar: $ULTA set to open over $60 key resistance after strong results after hours y’day – could get some momentum.
elwalvador:$LULU call on competition: “We are not seeing any erosion or substitution from our costumers whom remain very loyal.”
joanofarkansas: $LULU seeing higher input costs and gross margins lower, this is exactly what I expected, $FOSL saw the same rising costs from China.
ivanhoff: Talking about margin pressures in $LULU is funny. They can always raise the prices 10% and no one will notice.
daytradingshrink: I don’t think $GOOG actually wants to be in the restaurants, if they did, $OPEN mkt cap is a measly 1bln.
cfm860: $OPEN model is about selling systems to restaurants, and getting fees for reservations. $ZAGAT is about writing books…
conorsen: Seems like an OpenTable/yelp merger would make a lot of sense. $OPEN.Â