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KORS

WSJ Endorsement/JP Morgan Positive Reiteration Analysts used to gauge iPhone sales by the length of the line at Apple stores. General opinion and uninformed individuals are doing the same for RL, regarding in-store sales. Supply chain efficiencies improved significantly, YOY, revenue from online sales overseas is most robust it has ever been, and domestic transactions in America are strong online. If iPhone sales in Apple stores were still gauged this way, Apple would be one-quarter of the value it is today. Shorts about to get burned. Also, if you want to trust "top" opinions on trading view, regarding the massive short on RL by Allen Masters, be my guest. Promoting his business based in Pakistan is none of my business. He made his prediction of his short, based on the momentum of RL post-earnings. Anyone trading for 1 hour, would understand that short position, on 24-48 hour time frame. Good luck with shorting RL, and quite frankly, if you want to raise funds for your margin call when you're done, please refer to the link below: gofundme.com NYSE:RL AMEX:XRT NASDAQ:ETSY NYSE:WMT BMV:KSS NYSE:KORS NYSE:TPR NASDAQ:MTSL www.wsj.com www.wsj.com www.marketwatch.com
NYSE:RLLong
by C_moneyz
KORS - 100%+ profit in 6 months --> Time to take profits?Michael Kors (KORS) has had an impressive 6 months skyrocketing up in its price from just over $30 to $65+ now . That's (almost) more than a 100% increase in six months (depending on your entry price). Stating it as an annualised return is stupid but it's fun to just say that that would mean just under or over 200%. In any case, the run up has been great. But what now? If we look at the weekly graph, we see that KORS is racing its way to the 50% Fibonnacci retracement . It will test it soon and the question will then be: will it break through? In terms of fundamentals of the stock, it might be possible to break this resistance line - the company has held practically no debt in its entire history, is still growing abundantly (albeit a bit less in its base market US), its new men's fashion unit is paying off as well as its acquisition of Jimmy Choo, and the investment in the online channels has shown great results; although KORS still has to work its way back up in terms of brand appeal, which has been relatively strongly diluted in the past couple of years - but as for the moment I believe it is far too risky to aim for breaking resistance. --> The technicals support this view: KORS is aiming for a test of the 50% Fibonnacci level, yet has both MACD (upcoming death cross) and RSI (way above 70) against it . These are very bearish signals that can have the stock pull right back to maybe even the 38,2% and by bearish extension the 23,6% one. Moreover, illustratively , you can see w hat happened after the golden cross back in January 2016 : price jumped through the roof and successfully tested the 23,6% Fibonnacci (note that there, it did have MACD and RSI support!), subsequently it tested the 38,2% Fibo, failed, and plummeted back completely (and in the process made a clear H&S figure :-) )! In any case, I do believe the longer term prospects of the company are quite bullish, but a correction in the stock price is to be expected. Therefore, I would (non-officially ;) )recommend to take some profits and get back in at a more depressed price if one likes this stock. (However - really investing in fashion stocks is something very difficult, as it has a very capricious customer base). Great trade, but time for something new! PS: I haven't done a detailed analysis in this piece, but to place the correct stop losses etc, definitely zoom in on the upper trend channel KORS is currently in to define these!
K
by A_Cryptastic_Mind
Potential Bullish Wedge in KORSMichael Kors (KORS) is a company that has been on my radar for a good quarter. Ever since the retail apocalypse, many retail stocks continue to pop up on my screens in my search for deep value. KORS is an interesting play, and I will have a detailed write up on it on my investing blog (rockvuecapital.wordpress.com) within the week. But for now, lets look at the technicals. Like I mentioned in the title, KORS seems to be forming a wedge pattern, with the potential to go bullish if things line up. KORS is closing in on breaking its 50 MA in a bullish manner, while at the same time being provided support from higher lows and higher highs since March. What's important to watch for is the initial breakout above the 50 MA. If it breaks out above its 50 MA, it has the fundamentals to ride a bullish trend into the mid $40s, at which I would begin placing profits, and then anything after that I would camp my stop loss right around the mid $40s and continue to trail my stops and enjoy the trend. Details on the company fundamentally will be coming soon. Look out for them at rockvuecapital.wordpress.com
KLong
by BrandonBeylo
NEXT WEEK EARNINGS PLAY POSSIBLES: YELP, KORS, NVDACurrently, there are three earnings announcements next week that meet my >70% implied volatility rank, >50% implied volatility standards: YELP, KORS, and NVDA and that offer up at least 1.00 ($100)/contract in credit for my troubles. Preliminarily: YELP Aug 19th 26.5/38 short strangle goes for 1.09 ($109)/contract at the mid (Tuesday after market close). KORS Aug 19th 44/56.5 short strangle goes for 1.15 ($115)/contract at the mid (Wednesday before market open). NVDA Aug 19th 50.5/60.5 short strangles for for 1.11 ($111)/contract at the mid (Thursday after market close).
NYSE:YELP
by NaughtyPines
KORS- More room to fallThe downward channel broke severely to the downside this week after KORS plummeted an additional 25% post-earnings. I think the multi-year lows of ~35/36 will be tested if not breached. Even if the stock is slightly oversold in the very near term, the trend on the technicals is pretty clear. Fundos- After a dismal earnings release and a 25% drop in the price of shares over the last week, I still think KORS may have more room to tumble. The low price to earnings ratio may lead some investors to believe KORS is a value, but I believe it may be a classic value trap. Overall sales may be increasing but there are major caveats. Margins & comparable same store sales are down. This is a reflection of luxury brand status deterioration. The ubiquity of KORS products is indicative of an over-saturated brand. The products are commonly owned by people in lower economic strata. In my view, this has caused KORS to enter the faux luxury category. To increase incremental sales, KORS has offered deep discounts on their core luxury products (watches & purses). This negatively impacts the bottom line each quarter since margins take a hit. More importantly however, the long term growth prospects will wane if consumers begin to think KORS is no longer 'in', or if they no longer think of it as a luxury brand. Discounting a brand's flagship products is deleterious to the company's image and their long term profitability (see Coach, Abercrombie, countless others)
KShort
by dsorchestra90
KORS major support break downKors is high-growing company with EPS for the past 5 years 130%. So, if it misses or meets with expactations on its report that will be soon on August 5th, it may frustrate investors and trigger further selling. Technically, it pierced psychological mark $100, but failed to close above, from hwere it sold off. It found support at $86 that was recently broken with powerful gap down. Now, it absorbs this big move down and consolidates very tight preparing for break out. I am going to initiate small position here with add when it will go through $81.50. Stop above $84 makes sence, then we have resistance (previous support) at $85.66 where 200 EMA is situated. $65 should be big level of support, because after broke up one year ago it caught nice follow through to its highs.
KShort
by andrew.berg
1