U.S. Day Ahead: Investors like Kors affordable luxury play
Monday, August 05, 2013 - 01:52
Aug 5 - Michael Kors reports Q1 results Tuesday. The upscale apparel maker has been one of the most successful IPOs in the past two years and has analysts very optimistic on its future.
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Here in the top three stories to watch war on Tuesday. Lots of bad speaker is on tap this week at Dallas fed president Richard Fisher started the week pushing down market. He that the Fed would need to quote gingerly withdraw its stimulus effort. But fester doesn't get a vote Chicago fed president Charles Evans will speak tomorrow and he'd get about. Backing me he -- 2013 could be the year to turn around the economy. But it all does that he needed more time to it that the labor markets progress. Considering Friday's dismal jobs numbers will be listening for any reaction to that. And also went -- will withdraw its stimulus program. Next up did your reports Q3 results. ESPN is in the spotlight it's ratings have soft and and it seen an increase of competition from NBC and fox. But it's still takes up roughly 40% of Walt Disney's value so where's the growth the growth comes from higher fees licensing and syndication. Overall Disney's movie business is expected to do well off a solid lineup of films for the year. Disney's stock is up. 30%. This year and your top story for tomorrow the proof -- in the handbag Michael -- reports first quarter results. The stock is up over 184%. Since December 2011 when the company went public making it the most successful IPO in the last two years. Deutsche Bank analysts are optimistic. Think court isn't it sweet spot of affordable luxury apparel. And they they'll be watching for expansion in North America as well as growth and were covering here. Picture -- follow us on Twitter greater than fighter and get warmer video that Reuters dot com slash through each company mom. --
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