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Tapestry (TPR; Baa2/BBB; double Neg) Court proceedings for injunction; day 3

CONSUMER CYCLICALS

Capri +7% vs. SPX +1%

Strong close again and moves it to pricing 58% chance of beating the FTC - it was at 42% to start the week and has rallied +36% (on px) from its train-wreck earnings (earnings which may now be a blessing).

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Capri +7% vs. SPX +1%

Strong close again and moves it to pricing 58% chance of beating the FTC - it was at 42% to start the week and has rallied +36% (on px) from its train-wreck earnings (earnings which may now be a blessing).

Keep reading...Show less