Trending Stocks This Week as Market Rally Ends
J.P. Morgan Sticks to Their Hold Rating for Capri Holdings (CPRI)
The merger of two major American fashion brands to create a handbag giant has been called off! Capri plunges nearly 49%, breaking a record.
Capri fell to a four-year low and its stock price was halved this year, while Tapestry rose by almost 15% to a six-year high. Some analysts say that Capri's market share decline is more serious, and may need to find new buyers. The merger of the two largest luxury goods companies in the usa could also bring additional risks to Coach's parent company, Tapestry, even though the merger could better compete with european luxury goods giants.
Heard on the Street Recap: Love Thy Enemy -- WSJ
The Score: McDonald's, Tesla, Spirit Airlines and More Stocks That Defined the Week -- WSJ
Corporate Earnings, Macro Data Leave Equity Markets Mixed