Coach’s earnings jump
I hope I’m not the one that help out with the company. It’s for my mom and did not realised that I agree to buy her something that cost so much money. Girls stuff are really expensive!
Filed under coach, handbag |Coach (COH) jumps on Q1 earnings: ”
Filed under: Major movement, Earnings reports, Good news, Coach Inc (COH), Options, Technical Analysis
Coach (NYSE: COH - option chain) shares are rising today after the company reported a fiscal-first quarter profit of $145.8 million, or 44 cents per share, matching analysts’ estimates. COH forecast second quarter EPS of 77 cents, above analysts’ predictions of 75 cents. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on COH.
COH opened this morning at $20.00. So far today the stock has hit a low of $19.66 and a high of $21.47. As of 12:30, COH is trading at $20.61, up $1.98 (10.6%). The chart for COH looks bullish and S&P gives COH a positive 5 STARS (out of 5) strong buy ranking.
For a bullish hedged play on this stock, I would consider a December bull-put credit spread below the $15 range.
Continue reading Coach (COH) jumps on Q1 earnings
(Via BloggingStocks.)
2 Responses to “Coach’s earnings jump”
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Hey why suddenly you talk about Coach? I also bought from Coach haha. Bought them when I was in USA cos it’s a lot cheaper than Singapore. I thought I want to ask my sis to buy for me cos she is there now.
Gee.. guys’ stuffs are expensive too! They like to spend alot on expensive gadgets, cars… think again LOL
eunice: but its bcos gers like to be driven around ma… different mentality. Anyway, it’s still too expensive for a poor scholar like me. Can’t complain too much, just take it as a gift for my mom after all these years of hardwork.