The handbag industry is decelerating but here's why one analyst thinks Kate Spade is still a good buy.» Read More
Consumer discretionary has significantly outperformed every other S&P sector this year. Will these hot stocks continue the winning streak?
"Fast Money" traders picked stocks — including Walt Disney and Tesla — that could outperform their competitors after earnings.
Markets will be laser-focused on Friday's October jobs report in the week ahead and may even look past more than a dozen scheduled Fed speeches.
Multiple consumer surveys aren't boding well for the premium handbag market going into retail's most important time of year.
Oct 27- Coach Inc reported better-than-expected first quarter profit, helped by demand for its Ace and Nomad handbags, a sign that the company's turnaround program is gaining traction. The company has been renovating its stores and refreshing styles under creative director Stuart Vevers in an attempt to win back market share from newer entrants like Michael...
U.S. stock futures were higher this morning, with the market trying to avoid its first three-session losing streak of October.
Citi initiates coverage on the retail sector. The Halftime Report desk gives your their take.
The luxury goods market is facing several severe headwinds, from tumultuous U.S. markets to the "demonization of the rich."
Ahead of Thursday's start to the spring fashion shows, here are the best- and worst-performing stocks with ties to the runways.
The New York Stock Exchange invoked the largely unknown Rule 48 four times in the past week. Here's what the market usually does in response.
Luxury handbag makers are trying to wean shoppers off discounts and their recent earnings reflect the ups and downs of the process.
The "Fast Money" traders give their final trades of the day.
*Disney, Viacom lead media selloff. Disney lowered profit guidance for its cable networks unit on Tuesday, while Viacom Inc reported lower-than-expected quarterly revenue due to weakness in its cable TV business. Viacom fell 23.6 percent to $39.28, their lowest in almost four years.
Michael Kors on Thursday reported what one analyst referred to as "better-than-feared" results.
Aug 6- Michael Kors Holdings Ltd reported better-than-expected first-quarter sales and profit and reaffirmed its forecast for the full year, surprising analysts who had expected the company to lower estimates to reflect a slowdown in the handbag market. Kors had forecast revenue of $4.7 billion to $4.8 billion for the year ending March 2016.
*Disney, Viacom lead media selloff. Viacom fell 22 percent to $39.57, their lowest in almost four years. Twenty-First Century Fox fell 12.3 percent, while Time Warner, Comcast and CBS were all in the red.
*Michael Kors jumps after results best expectations. Aug 6- Wall Street fell on Thursday morning as investors traded on earnings, with Walt Disney's warning on its cable business continuing to haunt media stocks. Time Warner, Discovery Communications and CBS were all in the red.
*Mondelez rises after Ackman buys $5.5 bln stake in co. *Michael Kors jumps after results best expectations. *Fitbit, Tesla fall after results.
Aug 6- Michael Kors Holdings Ltd, best known for its handbags, reported better-than-expected first-quarter sales and profit, citing "solid" demand for accessories and footwear. Michael Kors, once among the hottest names in the "affordable luxury" sector, has been focusing more on accessories such as watches as demand for handbags slows. Michael Kors' same-store...
Aug 6- Handbag and accessories maker Michael Kors Holdings Ltd reported a 7.3 percent rise in sales, helped by higher demand in North America, its biggest market. Net income fell to $174.4 million, or 87 cents per share, in the first quarter ended June 27, from $187.7 million, or 91 cents per shares, a year earlier. Revenue rose to $986 million from $919.2 million.