AOS went into the S&P mid cap 400 today (as announced Monday) and FF went into the S&P small cap 400 (as announced Monday) and the stocks were up 3% or more today. KORS was announced to go into the S&P 500 and the stock sold off hard the past two trading sessions as the announcement was premature, and the move postponed. Just more fuel for the fire when they finally do go in...
"only" $.75 is still a great number, and big beat, especially if they raise fiscal guidance for 2013!
I do not expect $85-$88 next week either. I do expect the stock to hold $80 after the EPS report.
Those who do not think the announcement of KORS being added, and then postponed due to the botched ICE-Euronext deal is fooling themselves. That is easy prey for Wall Street slime.
KORS raised guidance to $.64 for this quarter. However, the expectations have crept up to $.67-.$68 with the high estimate at $.75! Last quarter the high estimate was $.56 and KORS beat by a nickel ($.61) and their sales have accelerated since the last conference call. I actually believe the number will be closer to $.90! But, we cannot have too lofty of expectations. That is why I am going with $.82 with $745 million in revenues. Also, I predict they will raise guidance for fiscal 2013 from $2.67-$2.69 to $2.74-$2.76.
Anyone have a better idea?
Marketing to younger crowd....
By REED ALBERGOTTI
November 1, 2013
Photo shows an image of the first ad to appear on Instagram, from designer Michael Kors. Facebook
Instagram’s first ad appeared on the photo sharing site Friday.
The ad, from designer Michael Kors, showed what appeared to be a diamond-studded gold watch on a table next to a gold-striped coffee cup. A plate of colorful macarons appeared out-of-focus in the background. There was no text in the ad.
The advertisement marks the beginning of a new era for Instagram, which was purchased by FacebookFB -0.91% last year for $1 billion and until now generated no revenue. Emily White, Instagram’s director of business operations, told the Journal in September that it planned to start selling ads within the next year.
Generating revenue at Instagram is an important milestone for Facebook, which said Wednesday that it is nearing capacity for placing ads in users’ news feeds, a major source of growth over the past year.
The ad met a chilly response from some users, on the Michael Kors Instagram page, which was visible to the public.
“How tf this get on my timeline?!” asked one user. “Adsss off of Instagram. Omg!” another wrote.
Not all comments were negative. Some users remarked that the ad reminded them of Paris. One woman appeared to be asking a spouse or close friend to buy her the watch. “babe?!” she wrote, followed by three smiley faces with red hearts instead of eyes.
Facebook said the ad had recorded 100,000 likes by 1 p.m. Pacific time.
So far, the Michael Kors ad is the only one to appear on Instagram, according to a Facebook spokeswoman. More ads are expected to appear on the service soon.
A Michael Kors spokeswoman declined to comment.
The stock traded higher in the first three session this week with massive volume (more than 22 million shares)! The announcement that KORS entry into the S&P 500 will be postponed came after the bell Wednesday, and the stock sold off with 11 million shares exchanged. Pure manipulation, and nothing to do with technicals or fundamentals.
The hottest luxury retailer in America will report earnings next Tuesday, and a likely announcement that KORS will be added to the S&P 500 (again). Earnings drives this stock, and not outside sources...
I have seen many Wall Street tricks in my day to scalp a few bucks on a stock. However, I have never seen a stock be announced to be included in an index and run up on huge volume, only to be postponed a few days later, and slide the same amount the next few sessions. I am not surprised as the shorts are desperate to make a few bucks on KORS before it rallies after earnings. The shorts do not have much time to exit this one, and time is on the side of the longs.
The announcement of inclusion, and the postponement are pure manipulation of this stock. I see next week blowout earnings for KORS and then the inclusion into the S&P 500 announced (again) later in the week. Good luck shortie...
You are comparing apples to oranges. Nike is a value stock with a $69 billion market cap, and they pay a decent dividend. KORS is a growth stock with a $15 billion market cap and room for growth. I prefer growth stocks!
NEW YORK, Nov 01, 2013 (BUSINESS WIRE) -- IntercontinentalExchange ICE +1.12% , a leading operator of global markets and clearing houses, and NYSE Euronext NYX -4.59% , today announced the preliminary results of the elections made by shareholders of NYX regarding their preference as to the form of merger consideration they will receive in connection with ICE's pending acquisition of NYX, which is currently expected to be effective within two business days after receipt of the final regulatory approvals, which ICE and NYX expect to receive in the coming days.
As previously announced, under the terms of the Amended and Restated Agreement and Plan of Merger, dated as of March 19, 2013 (the "Merger Agreement"), by and among NYX, ICE, IntercontinentalExchange Group, Inc. ("ICE Group"), Braves Merger Sub, Inc., and NYSE Euronext Holdings LLC (f/k/a Baseball Merger Sub, LLC), subject to proration, allocation and certain limitations set forth in the Merger Agreement, shareholders of NYX had the option to elect to receive for each share of NYX common stock (except for excluded shares and dissenting shares as more particularly set forth in the Merger Agreement.
The components of the S&P 500 are selected by committee. This is similar to the Dow Jones Industrial Average, but different from others such as the Russell 1000, which are strictly rule-based. When considering the eligibility of a new addition, the committee assesses the company's merit using eight primary criteria: market capitalization, liquidity, domicile, public float, sector classification, financial viability, length of time publicly traded and listing exchange.
The committee selects the companies in the S&P 500 so they are representative of the industries in the United States economy. In order to be added to the index, a company must satisfy these liquidity-based size requirements:
market capitalization is greater than or equal to US$ 4.0 billion
annual dollar value traded to float-adjusted market cap is greater than 1.0
minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date.
The securities must be publicly listed on either the NYSE (NYSE Arca or NYSE MKT) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market). Securities that are ineligible for inclusion in the index are limited partnerships, master limited partnerships, OTC bulletin board issues, closed-end funds, ETFs, ETNs, royalty trusts, tracking stocks, preferred stock, unit trusts, equity warrants, convertible bonds, investment trusts, ADRs, ADSs and MLP IT units.
In contrast, the Fortune 500 is a mere list, not an index, of the 500 largest public companies in the United States ordered by gross revenue, regardless of whether their stock trades publicly (without public listing, the stock has essentially zero liquidity), without adjustment for industry representation, and excluding companies incorporated outside the United States.
The index includes non-U.S. companies (23 as of October 8, 2013), both formerly U.S.-incorporated companies that have re-incorporated outside the United States, as well
There will be winners and losers in the retail sector this earnings, and through the holiday season. HBI and DECK reported strong earnings reports and their stock went soaring higher. COH, PVH, UA: not so much.
Michael Kors is poised to be the biggest winner in the retail sector for the next few quarters at least.
A pull back on light volume is healthy prior to earnings...
Blowout earnings in two more trading days! KORS will say goodbye to the $70's and hello to the $80's Yes, this is a buy opportunity KORS earnings growth will be stellar, and will be included in the S&P 500 next month. There is a difference between "postponed" and canceled."These are just momentum traders getting out today.
This is why I posted that earnings drive this stock and not news events.
Earnings will drive this stock, and not news. I did not expect a big bump prior to the EPS report. It would be nice to see it settle around $76-$77 on lower volume the next few days.
Monday, the shorts cover, and Tuesday the stock pops. On Wednesday, I expect a few upgrades. I will be interested to hear from Jeffries, and Wells Fargo next
IntercontinentalExchange (NYSE: ICE) and NYSE Euronext (NYSE: NYX) have postponed the closing date of their previously announced merger transaction from November 4, 2013 to a later date to be announced to allow additional time for relevant European regulators and ministries to process and issue their approvals. NYSE Euronext will remain in the S&P 500 until a new date is announced.