The "Fast Money" traders give their final trades of the day.» Read More
The trumpeting of social media triumphs appears to be a growing trend among retail companies.
Jim Cramer compares the actions in the market on Wednesday to Sonny Corleone from "The Godfather."
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Tiffany& Co., up $9.01 to $94.54. Michael Kors Holdings Ltd., down $14.66 to $45.93.
*Euro rises against dollar as Greece default fears fade. *Michael Kors slumps on weak sales, weighs on rivals. *Chipmakers Broadcom, Avago surge on M&A talks.
U.S. stocks closed higher, recovering from Tuesday's selloff, as Greece news cheered investors amid a slight pause in the dollar and yield climb.
*Euro rises against dollar as Greece default fears fade. *Michael Kors slumps on weak sales, weighs on rivals. May 27- U.S. stocks were on track for their strongest daily gain in two weeks on Wednesday, led by technology and healthcare stocks and hopes that Greece would avoid defaulting on its debt.
*Euro rises against dollar as Greece default fears fade. *Michael Kors slumps on weak sales; weighs on rivals. May 27- U.S. stocks rose higher in afternoon trading on Wednesday, on track for their best day since mid-May, on reports that Greece would avoid a default.
Michael Kors Holdings reported its slowest quarterly revenue growth since it went public in December 2011.
*Euro rises against dollar as Greece default fears fade. *Michael Kors slumps on weak sales; weighs on rivals. May 27- U.S. stocks were up in late morning trading on Wednesday, rebounding strongly from their steepest fall in three weeks on Tuesday, as the dollar's rally eased on reports that Greece would avoid a default.
*Michael Kors slumps on weak sales, weighs on rivals. The strong dollar, which means that U.S. companies earn less when sales abroad are brought back, and concerns about Greece has weighed heavily on Wall Street. "The market seems to be in a relief rally and looks like its catching its breath after yesterday's selloff," said Peter Cardillo, chief market economist at...
Some of the names on the move ahead of the open.
U.S. stock index futures pointed to a higher open on Wednesday, following Europe into positive territory shrugging off Tuesday's weak close.
May 27- Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America. Michael Kors' revenue rose 17.8 percent in the fourth quarter, slowing sharply from the growth of 29.9-74.4 percent it posted for the past 13 quarters. Michael Kors has been...
May 27- U.S. stock index futures were higher on Wednesday as the dollar retreated from its largest gain in two years and as worries about Greece receded. *Greece and its European creditors have also played down fears that Athens would default on a payment to the International Monetary Fund next week. *Michael Kors Holdings fell 11 percent to $53.92 after the...
May 27- Handbag maker Michael Kors Holdings Ltd reported the slowest sales growth in at least three and a half years as demand in North America weakened. Michael Kors' revenue rose 17.8 percent to $1.08 billion in the fourth quarter ended March 28. Net income rose to $182.6 million, or 90 cents per share, from $161 million, or 78 cents per share, a year earlier.
LONDON— Michael Kors' stock plunged more than 10 percent in premarket trading after the seller of handbags, clothing and accessories issued a weak outlook and said sales are being pressured by foreign currency fluctuations. For the three months ended March 28, Michael Kors Holdings Ltd. earned $182.6 million, or 90 cents per share. The average estimate of 16...
Investors remain focused on Greece's debt problems. MERGER APPROVAL: Tobacco companies Lorillard and Reynolds American rose after the Federal Trade Commission gave its tacit approval to the companies' $27.4 billion merger. Lorillard, maker of Newport cigarettes, was up 84 cents, or 1.1 percent, to $72.96.
Costco, Tiffany and Michael Kors all report earnings on Wednesday, and "Fast Money" traders discussed how to play their stocks.
The acquisition of Ann Taylor parent Ann Inc. could spur activity among other apparel retailers, Jefferies analyst Randal Konik said.
A dominant fashion trend and more style-oriented men should drive sales at these women's retailers, Jefferies analyst Randal Konik said.