Trading High End Retail
Liz Dunn, a senior analyst at Macquarie, told the Fast team the retailer is gaining share and has strong returns, as well as strong operation margins.

“So you get more bang for the buck in terms of earnings growth from that outperformance on the sales line,” Dunn said. “They also have a better growth profile than most of the other department stores.”

Dunn also gave an 'outperform' rating to Coach. She said the New York based-company is growing globally and not that big in Europe yet, so it doesn’t have that potential overhang. Coach is also buying back stock, which will benefit the bottom line, she added.

Another name on Dunn’s 'outperform' list is Abercrombie & Fitch . She expects to see earnings grow over 50 percent this year and something close to that growth for 2012.

“It’s a phenomenal story and they’re really doing quite well.”





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Trader disclosure: On Oct. 18, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders:

STEVE WEISS

Weiss owns RIMM

Weiss owns KO

Weiss owns EUO

RICH ILCZYSZYN

Ilczyszyn owns ZSL

LIZ DUNN

(RL) : Macquarie Group Limited is currently providing Ralph Lauren Corporation with non-securities services.

Macquarie Group Limited or one of its affiliates received compensation for products and services other than investment advisory services from Ralph Lauren Corporation during the past 12 months. During this time, Macquarie Group Limited or one of its affiliates provided non-securities services to Ralph Lauren Corporation.

ED NAJARIAN

Neither ISI nor its affiliates beneficially own 1% or more of any class of common equity securities of the subject companies referenced in the Report. No person(s) responsible for preparing this Report or a member of his/her household serve as an officer, director or advisory board member of any of the subject companies. No person(s) preparing this report or a member of his/her household have a financial interest in the subject companies of this Report. At various times, the employees and owners of ISI, other than those preparing this Report, may transact in the securities discussed in this Report. Neither ISI nor its affiliates have any investment banking or market making operations. No person(s) preparing this research Report has received non-investment banking compensation form the subject company in the past 12 months. ISI does and seeks to do business with companies covered in this research Report and has received non-investment banking compensation in the past 12 months.

REBECCA PATTERSON

No disclosures

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