ULTA Outlook Crucial in Market with "No Faith" in Turnaround

Caroline Woods notes positives in Ulta Beauty's (ULTA) earnings but says now is the time to double down on guidance. The latest downside action in Dick's Sporting Goods (DKS) and American Eagle Outfitters (AEO) are warnings signs for retail's woes. Joe Tigay agrees and offers an example options trade for Ulta that braces for further selling.

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