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Stock Market & Financial Investment News

News Breaks
May 2, 2014
10:57 EDTKATE, KORSNomura upbeat on Michael Kors, Kate Spade
Accessory designers Michael Kors (KORS) and Kate Spade (KATE) were both initiated with Buy ratings in notes to investors earlier today by Japanese bank Nomura. WHAT'S NEW: Michael Kors should continue to gain market share, with comparable sale gains in double digit percentage levels, Nomura analyst Simeon Siegel wrote in his initiation note. The company should also be boosted by the continuing expansion of its licensing business, and it is poised to continue to generate best in class revenue growth, added Siegel. The analyst set a $116 price target on the stock. Similarly, Siegel expects Kate Spade to generate share gains and double digit comparative sale growth. Also likely to boost the company are increased global luxury spending, international expansion, and further e-commerce traction, contended the analyst ,who set a $41 price target on the shares. WHAT'S NOTABLE: Yesterday research firm Piper Jaffray wrote that Michael Kors appears to be gaining market share in the North American handbag market. On April 23, Citigroup stated that Kate Spade's stock can advance more than that of Michael Kors in 2014. PRICE ACTION: In mid-morning trading, Michael Kors gained 1.3% to $93.61, while Kate Spade's stock was little changed near $35 per share.
News For KORS;KATE From The Last 14 Days
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November 21, 2014
14:33 EDTKORSMichael Kors volatility at low end of historic range
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November 20, 2014
07:19 EDTKORSMichael Kors holiday catalog pricing up 11%, says Piper Jaffray
Piper Jaffray says its analysis shows the weighted average pricing for the Michael Kors Holiday catalog was $242, up 11% from last year. The firm adds the catalog contains new handbag silhouettes introductions including Dillon & Sutton. Piper continues to view Michael Kors as its top Holiday pick and keeps an Overweight rating on the name with a $98 price target.
November 18, 2014
07:30 EDTKORSMorgan Stanley to hold a conference
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November 12, 2014
10:34 EDTKATEOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI RPRX KATE PNK CZR KING TSLA UBNT LOCO GNRC
07:58 EDTKORSFossil price target raised to $150 from $140 at Jefferies
Jefferies raised its price target for Fossil (FOSL) shares to $150 saying the company's renewed agreement with Michael Kors (KORS) removes an overhang on the stock. The firm thinks Fossil's European growth potential associated with the Kors relationship is underappreciated. It reiterates a Buy rating on the stock.
November 11, 2014
16:02 EDTKORSMichael Kors, Fossil renew global licensing agreement
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08:01 EDTKORSMichael Kors promotions picked up in November, says Jefferies
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November 10, 2014
11:35 EDTKORSStocks with call strike movement; WFM KORS
Whole Foods (WFM) February 52.5 call option implied volatility increased 2% to 28, Michael Kors (KORS) May 85 call option implied volatility decreased 2% to 31 according to IVolatility.
10:17 EDTKATEOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI ACHN RPRX ARCP SALE ZU KING UBNT KATE AWAY

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