We like KORS on weakness today. We don’t think we can call KORS expensive – particularly with growth getting harder to find, but have been patiently waiting on price. With the stock trading at its near-term TRADE line of support, we are adding KORS on the long-side of our Real-Time Positions.
With seven factors positive across our nine-factor fundamental model reflecting the current state of business and flying in the face of every global macro headwind the rest of the world is seeing, inventories are the only thing we don’t like. But with comps running at 40%+ and store growth at 30%+ it doesn’t matter for now.
KORS Risk Management Levels: