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Stock Market & Financial Investment News

News Breaks
February 12, 2013
12:30 EDTKORS, LF, EXPE, GMCROptions with deceasing implied volatility: LF GMCR EXPE KORS
News For LF;GMCR;EXPE;KORS From The Last 14 Days
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July 29, 2015
10:00 EDTKORSOn The Fly: Analyst Initiation Summary
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09:14 EDTKORSMichael Kors initiated with a Hold at BB&T
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09:09 EDTEXPEExpedia July weekly volatility elevated into Q2 and outlook
Expedia July weekly call option implied volatility is at 125, August is at 53, September is at 41; compared to its 52-week range of 22 to 65, suggesting large near term price movement into the expected release of Q2 results on July 30.
07:25 EDTGMCRKeurig Green Mountain risk/reward remains compelling, says Susquehanna
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06:01 EDTGMCRStocks with implied volatility above IV index mean; ZNGA GMCR
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July 28, 2015
10:23 EDTKORSBMO Capital says high-end handbag makers to stay weak
High end handbag makers Coach (COH), Kate Spade (KATE) and Michael Kors (KORS) are continuing to struggle and their share prices are likely to remain weak, research firm BMO Capital wrote in a note to investors today. The firm significantly cut its price targets on all three names. WHAT'S NEW: Consumers are spending less on high-end handbags as they increase the amount they allocate to other areas, including travel, leisure and apparel, BMO Capital analyst John Morris stated. Consequently, the North American handbag market was expanding at a 5% rate at the end of June, down from a high single digit rate earlier this year, according to Morris. Meanwhile, competition within the space is mounting and handbag price wars are continuing, the analyst stated. Although handbag stocks have dropped significantly and their valuations appear attractive, they are "falling knives," the analyst warned. Assessing the status of specific companies, Morris says that Kate Spade has avoided implementing major price cuts on its products, though its comparative sales and "mind share" have suffered as a result of that decision and stores are displaying its products less prominently. Coach's stock suggests that investors expect the company's fundamentals to rebound, but Morris thinks that their optimism may be premature. The pace of the company's improvement "remains challenging," and it is likely to be hurt by a decline of U.S. tourism, he believes. Also likely to be hurt by declines in tourism is Michael Kors, the analyst stated. The prices of Michael Kors' products are being reduced by retailers, its gross margins are sinking and its watch business is weak, Morris warned. He reduced his price target on Kate Spade to $19 from $30, on Coach to $28 from $37 and on Michael Kors to $40 from $51. The analyst kept Market Perform ratings on all three stocks. PRICE ACTION: In early trading, Kate Spade was little changed at $18.75, Coach fell 0.5% to $30.60 and Michael Kors was fractionally higher at $39.17.
09:04 EDTKORSHandbag makers estimates, price targets lowered at BMO Capital
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July 24, 2015
10:00 EDTGMCRKeurig Green Mountain volatility elevated into Q3 and outlook
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July 23, 2015
10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
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08:48 EDTKORSMichael Kors downgraded to Neutral from Buy at Buckingham
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July 21, 2015
10:01 EDTGMCROn The Fly: Analyst Initiation Summary
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05:57 EDTGMCRStocks with implied volatility above IV index mean; CMG GMCR
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July 20, 2015
16:40 EDTGMCRKeurig Green Mountain initiated with a Neutral at Sterne Agee CRT
July 17, 2015
10:52 EDTGMCRKeurig Green Mountain volatility elevated into Q3 and outlook
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05:55 EDTGMCRStocks with implied volatility above IV index mean; XOMA GMCR
Stocks with implied volatility above IV index mean; XOMA (XOMA) 295, Keurig Green Mountain (GMCR) 50 according to iVolatility.
July 16, 2015
10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
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09:21 EDTKORSMichael Kors downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Michael Kors to Mixed following checks that indicate U.S. Department Store sales are below goals and feedback that popularity is waning due to over distribution.

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