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Stock Market & Financial Investment News

News Breaks
July 21, 2014
09:05 EDTKORSKors calls speculation of analyst 'heads up' false, unfounded, TheStreet says
TheStreet's Herb Greenberg reported that Michael Kors' outside counsel called suggestions made by Greenberg last week on whether the company may have communicated with analysts regarding its coming quarter "completely false and unfounded," adding that the author would have received "vehement denials and assurances" that Kors "takes Regulation FD compliance very seriously" had he called prior to his publication of the story "Kors Analyst Action -- Coincidence or Not?" For his part, Greenberg states that he did not call because his blog is "steeped in observation, analysis and commentary," but wishes that he did call in retrospect. Prior to Greenberg's previous story, four analysts took negative action on the stock despite no apparent news, leading to his questioning of that coincidence. Reference Link
News For KORS From The Last 14 Days
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October 1, 2014
08:31 EDTKORSMichael Kors fundamentals intact, says Morgan Stanley
Morgan Stanley said Michael Kors concerns of increased inventory and promotions impacting gross margins is overdone. The firm believes incremental promotions reflect some normalization and not brand decay and eComm checks suggest inventory is under control. Morgan Stanley views Kors' fundamentals as intact and valuation as compelling. Shares are Overweight rated.
06:14 EDTKORSMichael Kors implied volatility of 28 at lower end of index mean range
September 30, 2014
06:07 EDTKORSMichael Kors implied volatility of 27 at lower end of index mean range
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September 23, 2014
08:40 EDTKORSMichael Kors attractive vs. peers, says BofA/Merrill
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