In Friday's edition of Investor Beat, host Alison Southwick, and Motley Fool analysts Charly Travers and Ron Gross, dissect the hardest-hitting investing stories of the day.

Nordstrom disappointed analysts with their Q2 earnings report. Even though same-store sales rose 4.4 percent, the company lowered their outlook for the year. In our lead story on Investor Beat, Charly and Ron examine why luxury is suffering alongside the likes of Wal-Mart, and whether now is the time to pick up some great companies on sale.

Also, our analysts take a look at four stocks that made big moves today. Pulte Group gets a bump from promising housing numbers. Applied Materials is up, despite a less-than-stellar earnings report. Joseph A. Bank literally can't give it away. Pandora continues to impress, but competition is coming.

Finally, Charly and Ron tell investors why they'll be keeping a close eye on shares of Home Depot and Target this week.

Alison Southwick owns shares of Apple. Charly Travers owns shares of Apple and Kohl's. Ron Gross owns shares of Apple. The Motley Fool recommends Apple, Home Depot, and Pandora Media. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.