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Stock Market & Financial Investment News

News For KORS From The Last 14 Days
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<< 1 | 2 | 3 | all recent KORS news | >>
May 29, 2015
16:44 EDTKORSStocks end week lower as GDP revision closes May on down note
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15:16 EDTKORSMichael Kors initiated with a Buy at Standpoint Research
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10:27 EDTKORSOptions with decreasing implied volatility
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06:15 EDTKORSStocks with implied volatility below IV index mean; TWTR LNKD
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May 28, 2015
16:03 EDTKORSOptions Update; May 28, 2015
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10:02 EDTKORSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BT Group (BT) downgraded to Underperform from Strong Buy at Raymond James... Banc of California (BANC) downgraded to Neutral from Buy at DA Davidson... Bon-Ton Stores (BONT) downgraded to Underperform from In-Line at Imperial Capital... Broadcom (BRCM) downgraded to Outperform, would not rule out another bid, says CLSA... DSW (DSW) downgraded to Neutral from Buy at Goldman... First Potomac (FPO) downgraded on DC office market fundamentals at BMO Capital... Ignite Restaurant (IRG) downgraded to Neutral from Buy at UBS... Magnum Hunter (MHR) downgraded to Hold from Buy at Canaccord... Michael Kors (KORS) downgraded to Equal Weight from Overweight at Stephens... Santander Brasil (BSBR) downgraded to Underweight from Equal Weight at Barclays... Semtech (SMTC) downgraded to Sell from Neutral at B. Riley... The Fresh Market (TFM) downgraded to Neutral from Overweight at JPMorgan... Vail Resorts (MTN) downgraded to Neutral ahead of Q3 earnings at MKM Partners.
07:58 EDTKORSMichael Kors investors must remain patient, says Baird
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07:40 EDTKORSMichael Kors price target lowered to $60 from $85 at Deutsche Bank
Deutsche Bank lowered its price target for Michael Kors to $60 following the company's Q4 results but keeps a Buy rating on the name. Deutsche views the FY16 comp outlook as achievable and says expectations are low.
07:11 EDTKORSMichael Kors downgraded to Equal Weight from Overweight at Stephens
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06:14 EDTKORSMichael Kors downgraded to Market Perform from Outperform at Telsey Advisory
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05:41 EDTKORSMichael Kors downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Michael Kors to Neutral citing a lack of visibility into comp stabilization following the company's Q4 results and Q1 guidance. Goldman says Kors' U.S. comp trends are "far weaker" than it expected. It cut its price target for shares to $50 from $93.
May 27, 2015
16:23 EDTKORSOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street began the session in positive territory and never looked back. The market gained upside momentum during the first hour of trading, then found a level where it moved in a very narrow range throughout the day. The averages, led by the Nasdaq, recaptured a major part of yesterday’s losses with today's advance. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Shares of Broadcom (BRCM) spiked after The Wall Street Journal reported that the company is in advanced talks to be acquired by Avago Technologies (AVGO). Piper Jaffray analyst Ruben Roy said that if average takeout multiples in the semiconductor space over the past several years are used as a guide, Broadcom could be valued near $58 per share in a takeover. Meanwhile, Pacific Crest speculated that Avago could pay $63-$65 per share for Broadcom and the deal would still be accretive. Later in afternoon, a report from Bloomberg claimed a stock and cash deal for Avago to acquire Broadcom could be announced as soon as tomorrow. Broadcom shares finished up $10.05, or 21.42%, to $56.97, while Avago ended with gains of $11.32, or 8.62%, to close the session at $142.62. MAJOR MOVERS: Among the notable gainers was Tiffany & Co. (TIF), which advanced $9.01, or 10.53%, to $94.54 after its earnings beat expectations and the company backed its forecast for fiscal year 2015. Also higher was Five Prime Therapeutics (FPRX), which rallied $2.89, or 14.69%, to $22.56 after it made a deal to develop CAR-T cancer therapies in partnership with bluebird bio (BLUE). Among the noteworthy losers was Michael Kors (KORS), which sank $14.66, or 24.2%, to $45.93 and was downgraded at BofA Merrill Lynch and JPMorgan after the company provided a weaker than expected outlook for the first quarter and fiscal year 2016. Also lower were shares of Workday (WDAY), which dropped $10.49, or 11.34%, to $82.00 after the company reported results and gave guidance with less upside than investors have come to expect. INDEXES: The Dow rose 121.45, or 0.67%, to 18,162.99, the Nasdaq gained 73.84, or 1.47%, to 5,106.59, and the S&P 500 advanced 19.28, or 0.92%, to 2,123.48.
16:03 EDTKORSOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
12:36 EDTKORSOn The Fly: Top stock stories at midday
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12:24 EDTKORSMichael Kors downgraded at BofA/Merrill on growth slowdown concerns
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12:12 EDTKORSMichael Kors downgraded to Neutral from Buy at BofA/Merrill
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11:54 EDTKORSFossil down over 7% after Michael Kors Q4 results, guidance
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11:49 EDTKORSMichael Kors risk/reward favorable, says Jefferies
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11:33 EDTKORSStocks with call strike movement; KORS DAL
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10:58 EDTKORSMichael Kors shares defended at Deutsche Bank
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10:34 EDTKORSMichael Kors sinks, Tiffany soars following earnings reports
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10:07 EDTKORSJPMorgan downgrades Michael Kors, says 'bad news' worse than expected
JPMorgan noted that Michael Kors' Q4 earnings report represented the first time its earnings missed expectations since the company came public and that while bad news was expected by the firm, the magnitude was "materially worse" than forecast. With the handbag and watch categories in transition, JPMorgan views Kors' top and bottom-line growth both being more in question. The firm downgraded the stock to Neutral from Overweight and lowered its price target on the stock to $60 from $70.
10:06 EDTKORSHigh option volume stocks
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09:57 EDTKORSMichael Kors downgraded to Neutral from Overweight at JPMorgan
09:53 EDTKORSMichael Kors fears likely overdone, says Cowen
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09:38 EDTKORSActive equity options trading on open
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09:33 EDTKORSMichael Kors breaks to fresh multi-year low post-earnings
The shares are down over 17% to $49.99 at time of writing, setting a new multi-year low. Current support is at $49.50, the session low, and then at $48.31. Resistance is at $51.70.
09:07 EDTKORSOn The Fly: Pre-market Movers
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09:00 EDTKORSMichael Kors says not looking at capital restructuring
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08:44 EDTKORSMichael Kors sees revenue growth accelerating in 2H
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08:37 EDTKORSMichael Kors sees using cash to repurchase shares
Says confident in long-term growth, free cash flow outlook. Says board has authorized additional $500M repurchase of shares at board meeting on May 20, extended program through May 2017. This increases the initial repurchase authorization to $1.5B.
08:22 EDTKORSMichael Kors sees forex rates as headwind this year
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07:03 EDTKORSMichael Kors sees FY16 EPS $4.40-$4.50, consensus $4.70
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07:02 EDTKORSMichael Kors sees Q1 EPS 74c-78c, consensus $1.03
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07:01 EDTKORSMichael Kors reports Q4 EPS 90c, consensus 91c
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05:58 EDTKORSStocks with implied volatility above IV index mean; KORS ZNGA
Stocks with implied volatility above IV index mean; Michael Kors (KORS), Zynga (ZNGA) 57 according to iVolatility.
May 26, 2015
16:01 EDTKORSOptions Update; May 26, 2015
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15:56 EDTKORSMichael Kors May 60.5 weekly straddle priced for 9.3% movement into Q4
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15:00 EDTKORSNotable companies reporting before tomorrow's open
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13:46 EDTKORSMichael Kors technical comments ahead of earnings
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12:31 EDTKORSMichael Kors May weekly volatility increasing into Q4 and outlook
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11:30 EDTKORSEarnings Watch: Analysts cautious on Michael Kors ahead of Q4 report
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07:23 EDTKORSMichael Kors target lowered, cautious stance remains, says Canaccord
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May 22, 2015
08:02 EDTKORSMichael Kors says breaking ground on European distribution center soon
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07:21 EDTKORSMichael Kors May weekly volatility elevated into Q4 and outlook
Michael Kors May weekly call option implied volatility is at 66, June is at 43, August is at 34, November is at 31; compared to its 90-day average of 33, suggesting large May price movement into the expected release of Q4 results on May 27.
May 20, 2015
06:46 EDTKORSMichael Kors multiple could 'struggle' to expand, says Piper Jaffray
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06:07 EDTKORSStocks with implied volatility above IV index mean; KORS BBY
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 40, Best Buy (BBY) 37 according to iVolatility.
May 19, 2015
06:00 EDTKORSStocks with implied volatility above IV index mean; KORS ALTR
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 38, Altera (ALTR) 72 according to iVolatility.
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