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Stock Market & Financial Investment News

News Breaks
July 17, 2014
13:14 EDTCOH, KATE, KORSMichael Kors rises after analyst sees less discounting than peers
Shares of accessories designer Michael Kors (KORS) are slightly higher in a down market after Credit Suisse said that the company's brands are less likely to be on sale than those of its competitors. WHAT'S NEW: In a note to investors, Credit Suisse analyst Christian Buss wrote that Michael Kors' products are "one of the least discounted brands available during the seasonal clearance period ahead of early fall shipments." At mid-tier department stores, 25% of Michael Kors' products are on sale with an average markdown of 27%, Buss reported. On average, 35% of the products of the company's peers are on sale, at an average discount of 27%, the analyst stated. Additionally, Michael Kors' channel strategy provides it with multiple advantages, including brand integrity and limits on markdowns, Buss believes. Buss wrote that he was "compelled" by the recent drop in the stock, and reiterated a $107 price target and Outperform rating on the shares. WHAT'S NOTABLE: Also upbeat on Michael Kors today was research firm Canaccord. Markdowns of the company's products are not any larger than last year, and concerns about large discounts on its products have created a buying opportunity, the firm contended. Canaccord continues to believe that the accessories maker has strong long-term growth opportunities, and it kept a $123 price target and Buy rating on the shares. PRICE ACTION: In mid-afternoon trading, Michael Kors gained 2% to $83. Two of the company's competitors, Coach (COH) and Kate Spade (KATE), rose fractionally.
News For KORS;KATE;COH From The Last 14 Days
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February 2, 2016
09:46 EDTKORSMichael Kors downgraded to Hold from Buy at Standpoint Research
09:28 EDTKORSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Michael Kors (KORS), up 17.3%... Mattel (MAT), up 6.9%... Mallinckrodt (MNK), up 4.3%... Alphabet (GOOGL), up 5%... Dow Chemical (DOW), up 3%... UPS (UPS), up 2.3%. ALSO HIGHER: Netflix (NFLX), up 1.1% after being upgraded to Overweight from Neutral at Piper Jaffray... Hansen Medical (HNSN), up 18.8% after announcing FDA clearance of Magellan Robotic Catheter eKit. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 20%... BP (BP), down 8.5%... Royal Caribbean (RCL), down 7%... Waddell & Reed (WDR), down 5.5%... Archer Daniels Midland (ADM), down 5.5%. ALSO LOWER: Twitter (TWTR), down after being downgraded to Sell from Hold at Stifel... American Campus (ACC), down 1.1% after 15.6M share Spot Secondary priced at $41.25... Horsehead (ZINC), down 47.6% after filing for Chapter 11 protection in Delaware.
09:22 EDTKORSMichael Kors gaps sharply higher
The stock was last at $47.17 in the pre-market, up over 16.4%. At that price next resistance is at $47.92. Support is at $44.91.
08:47 EDTKORSMichael Kors says footwear seeing 'huge lift' in e-commerce performance
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08:32 EDTKORSMichael Kors says mobile traffic to site 'keeps accelerating every single month'
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08:29 EDTKORSMichael Kors sees foreign currency impacting Q4 EPS by approx. 2c per share
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06:59 EDTKORSMichael Kors sees FY16 EPS $4.38-$4.42, consensus $4.33
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06:57 EDTKORSMichael Kors sees Q4 EPS 93c-97c, consensus $1.00
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06:56 EDTKORSMichael Kors reports Q3 EPS $1.59, consensus $1.46
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February 1, 2016
14:32 EDTKORSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
13:41 EDTKORSMichael Kors February weekly 40.5 straddle priced for 9.3% movement into Q3
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12:41 EDTKORSEarnings Watch: Analyst urges 'another look' at Michael Kors ahead of Q3 report
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11:42 EDTKORSStocks with call strike movement; YHOO KORS
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10:15 EDTCOHOptions with decreasing implied volatility
Options with decreasing implied volatility: INVN SWFT SNDK AMZN NOW COH VMW CTXS STX
08:09 EDTKORSOptions expected to be active
Options expected to be active: GOOGL GOOG YHOO UPS KORS UPS BAX RCL CCL PFE AET D STR DWA CMG ABT SYK.
07:28 EDTKORSJefferies tells investors to take another look at Michael Kors
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January 29, 2016
10:10 EDTCOHOptions with decreasing implied volatility
Options with decreasing implied volatility: ETE INVN FTNT VMW CTXS NOW COH AMZN NWL NYRT
09:03 EDTKORSMichael Kors volatility elevated into Q3 and outlook
Michael Kors February weekly call option implied volatility is at 83, February is at 55, March is at 45; compared to its 52-week range of 23 to 58, suggesting large near term price movement into the expected release of Q3 results on February 2.
08:17 EDTCOHCoach price target raised to $42 from $38 at Cowen
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January 28, 2016
10:13 EDTCOHOptions with decreasing implied volatility
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