FAST MONEY SAID COACH WAS A SELL AT $50 just a weeks ago
They also said Bed bath was a sell in $50's 8 months ago
Fast money is a bunch of morons who probably get 50% right and 50% wrong
Just a few weeks ago, CRAMER said COH was down going down and every dog has its day, now he says this about COACH
A slowdown in the Chinese economy affects the earnings of countless companies, from industrial equipment makers to mining and materials to even retailers such as Coach (COH) and Yum Brands (YUM).
As for a stock's chart, Cramer said that far too often a stock will fall after an earnings release simply because the chartists feel the stock has hit a resistance level or some other technical indicator has come up short
COH doesn't enjoy the market rally and seems to get crushed on days other companies lose a few pennies. The market hates this stock. Every dog has its day? This dog just sucks
Looks like its heading back to $60. Seems like everyone's got a buy rating on it and the KORS hype has died down. Shame we didn't stock up at $46-$47
1.5 billion last quarter and its a POS? Its obvious the stock is not in favor but 1.5 billion in this economy is pretty impressive. KORS is amazing but they are much more then a bag company. COH is not going away
You are probably right because it just cant hold a gain, seems to pop on a daily basis and then closes down or flat. While KORS SOARS
COH DROPPED $10 on the earnings. It took its lumps, but the stock still sucks!