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Capri Holdings LimitedCC

Capri Holdings Limited

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CPRI trade ideas

Seeking Value - Catching a falling knife Catching a falling knife is a dangerous method of trading. More often than not it results in further losses, Capri is in a very strong downtrend but this could present an opportunity of a dead cat bounce trade or for value investors confident in the come back if Versace, Michael Kors and Jimmy Choo brands. From what I understand these brands have fallen out of favor and it’ll require excellent execution from management to stop the sinking ship. The luxury market is in a bear market and only the strongest brands will survive - such as Hermes and LVMH. I’d only recommend trading this was a stop loss. Technical Analysis: Completion of 5th wave move, possibly the end of the abc corrective pattern. Failed inverse head and shoulders pattern, this was an easy short at wave b, golden pocket level. Oversold on the RSI, 4hr RSI of 5! Support level at the 0.786 retracement level and the $20 psychological level. Fundamental Analysis Any buy in into Capri centers on its potential as a turnaround play with strong brand assets at a discounted valuation: 1. Luxury Demand Resilience: Despite economic challenges, luxury demand often proves resilient, and brands like Versace have strong global recognition and appeal, particularly in high-growth markets like Asia. 2. Undervalued Asset with Brand Equity: Capri’s 50% drop presents a value opportunity, especially considering the enduring allure of Versace, Jimmy Choo, and Michael Kors. Versace, in particular, has significant potential in the luxury market if managed strategically. 3. Turnaround and Strategic Growth Potential: Capri’s recent operational challenges and market dip could allow an investor to buy into the company at a low, with potential upside as management executes on growth initiatives and cost efficiencies. If Capri successfully leverages its brand portfolio and navigates current headwinds, it could rebound, offering a compelling entry point for value-focused investors. Add this to your watchlist, it’s going to be an interesting few weeks with more downside pain. Personally I’d wait for a sign of strength for a potential rebound trade. I’m not a fan of value investing but I’d be tempted if there’s signs of a turnaround. Not financial advice.
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by NoFOMO_
4
Short Opp Otw for CPRI?From a technical standpoint , I can count 4 waves up off of the low, with the 5th now forming in a rising wedge. The rising wedge is rising into a key daily supply zone ($66.50-$70), which is a fresh level and sold off heavily last time we were here. This price action is also taking place below a major monthly resistance. Technicals are suggesting a short opportunity in the aforementioned supply zone, with invalidation being a close above $70. From a fundamental standpoint , though the company's performance has been improving the past two quarters, the data unfortunately still shows earnings growth coming in negative at -9%. Sales are down from 1.49B two quarters ago, to the present 1.41B, technically representing a decline in the last 2Q. In spite of a high group rank, good accumulation/distribution action, and good performance against competitors, the sales and earnings data shows CPRI is, at least in the short-term, overvalued, and therefore validates the technical analysis.
NShort
by PLAYBOYP416
2
CPRI - Capri HoldingsStarted position as the stock came through its inside pivot & PEG day anchored VWAP. Ran up nicely before giving a lot of the move back in the afternoon. CPRI showed massive growth in EPS last year (+205.52%) and estimates for the current year (with 2 quarters already reported) are EPS growth of 180.87% with sales growth of 33.37% supporting the EPS growth. Will close half position if today's opening price point @ $64.76 is breached, as I would expect the PEG day anchored VWAP just above to hold as support if this stock is going to be a true winner.
NLong
by apaqu
$CPRI: Continues to stun the marketWith another massive earnings beat, the market continues to find value in this name that was getting beaten up long before COVID. Should be interesting to see if CPRI can continue to impress into holiday season and beyond. Q2 2021 Highlights Revenue increased 178%, with better than anticipated results across all three luxury houses Adjusted gross margin expanded 90 basis points versus prior year Adjusted operating margin of 20.8% Adjusted earnings per share of $1.42 Raised full year adjusted earnings per share outlook to $4.50
NLong
by Fox_Technicals
Luxury Brand Holding Co $CPRI Cup with Handle - WeeklyWow, $CPRI looks to be breaking out of a long term down trend. This is a weekly chart. The longer term down trend line was drawn from a monthly chart. This looks like it's breaking out of a Cup with Handle formation on the weekly and the monthly long term down trend. I have this on my watch list to see how it acts next week. Take a look at the last 2 earnings beat on the chart ( Earnings Indicator courtesy of @JohnMuchow on @TradingView ). Ideas, not investing / trading advice.
NLong
by jaxdog
solid stock that has not fully recovered CPRICPRI shows promising value and returns for the future. To be 100% realistic, the gap between the haves and have-nots has grown significantly since the Fed started inflating asset prices with their asset purchases and unlimited liquidity. Essentially, this has driven up financial securities and their pricing/valuations. Taking this into account, the majority of the non-wealthy have little to no exposure to the market. So sadly, my reason for going long on this stock is because the rich have gotten much richer and CPRI has a great assortment of companies it owns in luxury, such as Michael Kors. Sales will continue no matter the economic climate as the amount of wealth created in the stock market since the coronavirus is astounding.
NLong
by EBITDAtiger
4