Market Wrap - Stock Pick — Ulta Beauty

Imtiaz Suliman from Sentio Capital chose Ulta Beauty Inc as his stock pick of the day. "I'm going with Ulta Beauty Inc. It's a US listed retail company. They are sort of a mix between a Sorbet and a Dischem in whereby they do facials for men and they've got a bit of a salon element to it. They also sell quite a large range of perfumes, health and beauty care products which has been increasingly faster than the overall economy. We live in an age where Instagram is very popular and consumers want to look good. The stock has come back after the last trading update and I think it's a good opportunity to get into the share at these prices"