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Stock Market & Financial Investment News

News Breaks
January 23, 2013
12:23 EDTFOSL, COHFossil drops after Coach disappoints, breaks support at 10-day moving average
The shares are down over 3.8% at time of writing, down following the disappointing report from peer Coach (COH) earlier today. The stock is below the 10-day moving average, which has been a good proxy for a hand-drawn uptrend line. Resistance is at the 10-day, last at $102.89. Support is currently at $99.80, based on the current price of $101.77.
News For COH;FOSL From The Last 14 Days
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August 27, 2015
15:18 EDTFOSLMovado spikes after reporting Q2 results, backing FY16 guidance
Movado Group (MOV), which designs, sources, markets and distributes watches, is trading sharply higher after reporting better than expected second quarter earnings and revenue, as well as backing its fiscal 2016 guidance. WHAT'S NEW: Movado reported Q2 earnings per share of 50c against a consensus of 42c, and Q2 revenue of $145.6M against a consensus of $142.25M. The company also backed its FY16 EPS view of $2.00-$2.10 against a consensus of $2.05, and backed its FY16 revenue view of $590M-$600M against a consensus of $593.13M. Movado said it anticipates recording the remainder of the previously announced $3M-$4M pre-tax charge related to operating efficiency initiatives by the end of FY16, which is excluded from its guidance. ANALYST RESEARCH: On August 25, Barrington Research released an earnings preview that advised staying "on the sidelines" with Movado, forecasting the company's EPS at 40c and its revenue at $144.3M. The firm, which had rated Movado at Market Perform, correctly predicted the company would maintain its guidance. PRICE ACTION: In late afternoon trading, Movado is higher by $3.93, or 17.6%, to $26.25. PEERS: Competitor Fossil Group (FOSL) is trading higher by 2.6%.
August 24, 2015
09:49 EDTFOSLFitbit being sold at Macy's seen as near-term catalyst
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August 20, 2015
10:00 EDTFOSLOn The Fly: Analyst Upgrade Summary
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06:55 EDTFOSLFossil upgraded to Sector Weight from Underweight at KeyBanc
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August 18, 2015
10:13 EDTFOSLOptions with decreasing implied volatility
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10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
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09:45 EDTCOHCoach trades higher, levels to watch
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07:46 EDTCOHJefferies sees longer turnaround for Vera Bradley, cuts to Hold
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07:40 EDTCOHJefferies says Coach turnaround not being appreciated, ups to Buy
Jefferies analyst Randal Konik upgraded Coach (COH) to Buy from Neutral and raised his price target for shares to $50 from $35. The stock closed yesterday up 8c to $32.02. Survey results show the handbag maker is starting to attract new customers at a faster rate while its remodel initiative should help drive a return to positive comps, Konik tells investors in a research note. He believes the company's turnaround is not being fully appreciated by the market. The analyst also added Coach to the Jefferies Franchise Picks List. He coupled the upgrade with a downgrade Vera Bradley (VRA) to Hold.
06:42 EDTCOHCoach upgraded to Buy from Hold at Jefferies
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August 17, 2015
10:21 EDTFOSLOptions with decreasing implied volatility
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