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Stock Market & Financial Investment News

News Breaks
June 4, 2013
08:47 EDTFOSL, KORSFossil poised to benefit from strong Michael Kors watch sales, says Cowen
Following Michael Kors' conference call, Cowen estimates that sales of the company's watches will generate over $550M of revenue for Fossil (FOSL) in 2013, up from $400M-$450M last year. The firm believes that overall demand for watches remains strong, and it does not expect a computerized watch from Apple to interest most Fossil customers. The firm keeps an Outperform rating on the stock.
News For FOSL;KORS From The Last 14 Days
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August 13, 2014
07:32 EDTKORSMichael Kors pullback a buying opportunity, says Deutsche Bank
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August 12, 2014
19:02 EDTFOSLOn The Fly: After Hours Movers
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16:32 EDTKORSOn The Fly: Closing Wrap
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16:09 EDTFOSLFossil extends licensing agreement with Giorgio Armani through 2023
Fossil Group announced that it has extended a global watch licensing agreement with Giorgio Armani S.p.A through 2023. The Armani Group first partnered with Fossil Group in 1997 to design, develop and distribute watches under the Emporio Armani label. Over the history of the relationship, jewelry was added in 2002, watches under the Armani Exchange brand in 2008 and a Swiss made collection of timepieces under the Emporio Armani Swiss Made label launched in 2014.
16:08 EDTFOSLFossil sees FY14 EPS $6.95-$7.35, consensus $7.13
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16:08 EDTFOSLFossil sees Q3 EPS $1.77-$1.84, consensus $1.84
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16:07 EDTFOSLFossil reports Q2 EPS 98c, consensus 96c
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15:23 EDTFOSLNotable companies reporting after market close
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14:35 EDTFOSLFossil August 103 straddle priced for 8.4% move into Q2
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14:28 EDTFOSLFossil technical notes before earnings
In the prior three months the shares have underperformed the broader averages with a loss of over 8%. The downtrend in the shares on a longer-term basis has been underway since shares hit a peak of price in early November 2013. That downtrend has been characterized by volatile bursts higher in price away from the broader downtrend that fail to hold. On disappointing news, a breakdown below $100 would seem highly probable. For the prior two years the $100 area has been both resistance and then support. A break below $100 would be therefore more technically significant. Support below on an increasing band of disappointment would be at $97.96, $92.80, and $89.33. If the news is more positive than expected, a move up to the recent pivot at $108.08 would be the first major resistance encountered. A breakout above $110 would turn the shares from bearish to neutral with additional resistance then at $114.12. The short-base is large at over 8% of the float short which could add to a potential short-squeeze on stronger than expected news.
11:21 EDTKORSKate Spade falls as company remains 'cautious' on FY16 margin outlook
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