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Nervous trading around luxury goods stocks

May 27, 2015 10:07 AM ETFossil Group, Inc. (FOSL) StockPEJ, FOSL, KATE, GES, VRA, TUMIBy: Clark Schultz, SA News Editor4 Comments
  • Select high-end retailers are trading weaker after reports from Michael Kors and Movado rattle the sector.
  • Though Tiffany is ripping up a double-digit gain on the day, analysts note the earnings beat came off of a lowered bar.
  • Decliners: Fossil (NASDAQ:FOSL) -5.3%, Kate Spade (NYSE:KATE) -1.9%, Vera Bradley (NASDAQ:VRA) -1.9%, Tum Huldings (NYSE:TUMI) -1.0%, Guess (NYSE:GES) -0.3%, Coach -5.5%.
  • The PowerShares Dynamic Leisure and Entertainment ETF (NYSEARCA:PEJ) is slightly trailing broader market averages.
  • Previously: F/X clips results at Movado
  • Previously: Light guidance from Michael Kors

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