On Thursday's edition of Investor Beat, host Alison Southwick and Motley Fool One analyst Jason Moser dissect the hardest-hitting investing stories of the day.

With 609 stores in 46 states, Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) is the largest beauty retailer in the U.S. and expanding quickly. Ulta reports earnings after market on December 5th, and in this segment from Investor Beat, Motley Fool analyst Jason Moser explains why he's keeping a close watch on this attractive stock.

Alison Southwick has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Ulta Salon, Cosmetics & Fragrance. The Motley Fool owns shares of Ulta Salon, Cosmetics & Fragrance. 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.