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Sterne Agee: Specialty Retail Off To A 'Tough Start' In 2015
Tuesday, January 20, 2015 - 11:06am | 277Read More...Ike Boruchow of Sterne Agee on Tuesday commented that his specialty retail group is off to a “tough start” in 2015, having declined 4.2 percent. “While expectations had been for a fairly robust holiday, very few companies have actually hurdled the ‘high bar' with...
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Analysts Remain Bullish On Michael Kors Weeks After Hitting 52-Week Low
Wednesday, December 31, 2014 - 1:14pm | 460Read More...Michael Kors Holdings Ltd (NYSE: KORS) dropped to its 52-week low a few weeks ago after the company revealed in its second quarter earnings report that comparable-store sales failed to meet analysts’ expectations. However, the stock has since increased considerably after management has...
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Morgan Stanley Says Europe & Asia Will Anchor Michael Kors Growth
Thursday, November 13, 2014 - 12:15pm | 225Read More...Kimberly Greenberger of Morgan Stanley met with Michael Kors Holdings Ltd (NYSE: KORS) CEO John Idol and other key executives and left the meeting confident in the company's future prospects, particularly in Europe with Asian sales contributing nicely. North American retail sales...
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Morgan Stanley On Michael Kors: Reaction Overdone, Buy The Pullback
Wednesday, November 5, 2014 - 10:38am | 268Read More...Michael Kors Holdings Ltd (NYSE: KORS) earned $0.11 per share on revenue of $1.06 billion in its second quarter, both topping analyst expectations. However, shares were punished on Tuesday after the company reported North American comps slowed to a low double-digit growth rate. Kimberly...
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Morgan Stanley: Consumers Choosing Restaurants, iPhones Over Apparel
Tuesday, October 21, 2014 - 1:51pm | 344Read More...Kimberly Greenberger, retail analyst at Morgan Stanley, published a report Tuesday on the state of the consumer and where they are spending their money. According to Greenberger, consumers have clearly signaled thus far in October a preference for electronics and dining out instead of apparel....
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Markets Unable To Hold On To Gains As Oil Continues To Plunge
Tuesday, October 14, 2014 - 4:47pm | 2414Read More...U.S. markets ended the day mostly flat after giving up earlier gains. The Dow traded higher by 142 points before ending the day in negative territory. The S&P 500 and Nasdaq indices closed the day almost unchanged. The CBOE Volatility Index fell 7.5 percent to 23.79. Airline stocks traded...
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Morgan Stanley On Michael Kors Holdings Ltd: Fundamentals Intact, Compelling Valuation
Wednesday, October 1, 2014 - 8:43am | 311Read More...Morgan Stanley's Kimberly Greenberger defended shares of Michael Kors Holdings Ltd (NYSE: KORS) following a recent decline in share prices. "Within the past week KORS dropped five percent on fears of heightened inventory and incremental promotions pressuring gross margin," Greenberger wrote...
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Morgan Stanley: Michael Kors A 'Best Idea' Investment
Tuesday, August 5, 2014 - 12:05pm | 629Read More...Shares of Michael Kors (NYSE: KORS) traded lower by more than five percent on Monday following the company's first quarter results. While investors may have been spooked by Michael Kors' tightening margins guidance as the company continues to invest in more European stores, some...
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Dow Breaks Four-Day Losing Streak As Calm Restores Last Week's Jittery Market
Monday, August 4, 2014 - 4:57pm | 2610Read More...U.S. stocks rallied to start the week on a positive note. Investors are looking for bullish signs that can erase last weeks declines, as the S&P 500 had its largest weekly drop since 2012 and the Volatility Index surged more than 30 percent. Portugal's Central Bank plans to spend 4.9...
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Earnings Expectations For The Week Of August 4: Media Giants, Retailers And More
Sunday, August 3, 2014 - 11:25am | 1049Read More...Much of the S&P 500 have already shared their second-quarter results, but earnings season rolls on this week. Big media players will take their turns stepping into the spotlight this week. Tuesday morning look for results from Walt Disney (NYSE: DIS). Earnings per share are expected be by...
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Stocks Mixed Despite Better Than Expected GDP
Wednesday, July 30, 2014 - 4:43pm | 2929Read More...U.S. stocks were mixed as the Fed continued to wind down its monthly asset purchase program by another $10 billion. The Fed noted that the economy rebounded in the second quarter despite significant under-utilization remaining in the labor market. As such, the Fed noted, it will maintain a...
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Investors Focus On Earnings Rather Than Geopolitical Tensions
Friday, July 18, 2014 - 6:08pm | 2627Read More...U.S. stocks rose as many questions remain unanswered following the crash of MH17 over the unstable region of Donetsk in Ukraine. U.S. intelligence sources speculated the plane was brought down by a ground-to-air missile but cannot confirm who was responsible. Investors appear to focus on...
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Earnings Continue Driving Markets Higher
Wednesday, July 16, 2014 - 5:23pm | 3415Read More...U.S. stocks rose as investors and traders find comfort in corporate earnings that continue to come in at better-than-expected levels. Although it's still very early in to earning season, Intel Corp. (NASDAQ: INTC) reported better-than-expected results and stronger-than-expected PC sales,...
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Markets Mixed, NASDAQ Lower As Yellen Suggests Valuations Are Stretched
Tuesday, July 15, 2014 - 4:35pm | 2480Read More...U.S. stocks were mixed with the NASDAQ index declining after the Fed's Chief Janet Yellen suggested that some sectors are characterized by "stretched" valuations. In prepared remarks to the Senate Banking Committee, Yellen also claimed that interest rates could rise sooner and at...
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Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399Read More...U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
