Jeffries cautious...smells of manipulation day before report
This smells like the DECK move a couple weeks ago - say the report may be light and bring this thing back to under 75. Ridiculous. They will destroy this report - they have sand-bagged guidance for their entire existence. Going to be close .90.
Jeffries downgraded KORS a few weeks ago on a "valuation" call. The entire retail sector has been mediocre this quarter. The high end is doing better than low end. KORS will crush earnings, and Jeffries will be the first to upgrade.
I am very nervous when every day I see an estimate higher and higher-- .80, .84 and now .90. If they beat estimates with .74 or 75 cents that will not be high enough. Seems like too many tradrs just waiting for some kind of negative news here.