Morning Briefing on Apparel, Accessories and Luxury Goods Stocks -- Coach, American Apparel, Quiksilver, Michael Kors Holdings, and Lululemon Athletica
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LONDON, July 30, 2014 /PRNewswire/ --
On Tuesday, July 29, 2014, the NASDAQ Composite ended at 4,442.70, down 0.05%, the Dow Jones Industrial Average finished the day 0.42% lower at 16,912.11, and the S&P 500 closed at 1,969.95, down 0.45%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Consumer Discretionary Sector Index ended the day at 529.25, down 0.28%, and the index has declined 0.09% in the last one month. Investor-Edge has initiated coverage on the following equities: Coach Inc. (NYSE: COH), American Apparel Inc. (NYSE MKT: APP), Quiksilver Inc. (NYSE: ZQK), Michael Kors Holdings Ltd (NYSE: KORS), and Lululemon Athletica Inc. (NASDAQ: LULU). Free research on these five companies can be accessed at:
http://investor-edge.com/register
On Tuesday, shares in Coach Inc. recorded a trading volume of 3.40 million shares, lower than its three months average volume of 7.07 million shares. The stock finished the day at $34.35, down 0.87%, and registered an intraday range of $34.29 and $34.69. Shares of Coach Inc. have declined 0.35% in the last one month and 24.85% in the previous three months. Also, the stock has lost 38.80% on YTD basis. Furthermore, the company is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $47.37 is above its 50-day moving average of $37.22. Additionally, shares of the company traded at a PE ratio of 10.06 and have a Relative Strength Index (RSI) of 42.59. Sign up and read the free notes on COH at:
http://www.Investor-Edge.com/COH-30Jul2014
American Apparel Inc.'s stock advanced 0.53%, to close Tuesday's session at $0.92, after oscillating between $0.88 and $0.98. The stock recorded a trading volume of 2.94 million shares, below its three months average volume of 5.56 million shares. Over the last one month and from the beginning of 2014, American Apparel Inc.'s shares have fallen by 4.87% and 25.30%, respectively. However, over the past three months, the stock has surged 36.50%. The company is trading above its 50-day and 200-day moving averages. Apparel Inc.'s 200-day moving average of $0.91 is above its 50-day moving average of $0.80. Further, the company's stock has an RSI of 46.85. The complimentary notes on APP can be downloaded as in PDF format at:
http://www.Investor-Edge.com/APP-30Jul2014
On Tuesday, Quiksilver Inc.'s stock finished the session 2.27% lower at $3.02, hitting a new 52-week low of $2.99. A total of 3.87 million shares were traded, which was above its three months average volume of 3.80 million shares. The stock moved between $2.99 and $3.17 during the session. Over the last one month and past three months, Quiksilver Inc.'s shares have plummeted 14.69% and 52.59%, respectively. Also, the stock has lost 65.56% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $6.78 is greater than its 50-day moving average of $4.10. Quiksilver Inc.'s stock has an RSI of 30.20. Register for free on Investor-Edge and access the latest research on ZQK at:
http://www.Investor-Edge.com/ZQK-30Jul2014
Shares in Michael Kors Holdings Ltd fluctuated between $82.86 and $84.27 before ending Tuesday's session down 0.66%, at $83.67. The company's stock reported a trading volume of 2.42 million shares, below its three months average volume of 3.25 million shares. Further, shares of Michael Kors Holdings Ltd have declined 7.03% over the last one month and 7.34% over the past three months. However, the stock has gone up 3.05% on YTD basis. The company is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $89.83 is greater than its 200-day moving average of $87.24. Moreover, shares of the company traded at a PE ratio of 26.03 and have an RSI of 44.92. The complete research on KORS is available for free at:
http://www.Investor-Edge.com/KORS-30Jul2014
Lululemon Athletica Inc.'s stock declined 0.71%, to close Tuesday's session at $39.17, after vacillating between $38.75 and $39.71. The stock recorded a trading volume of 1.52 million shares, below its three months average volume of 3.34 million shares. Over the last one month and past three months, Lululemon Athletica Inc.'s shares have lost 3.09% and 14.06%, respectively. Also, from the beginning of 2014, the stock has gone down by 33.64%. The company is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $52.67 is above its 50-day moving average of $41.33. Further, Lululemon Athletica Inc.'s stock traded at a PE ratio of 21.06 and has an RSI of 48.00. Free in depth research on LULU is available at:
http://www.Investor-Edge.com/LULU-30Jul2014
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