Diamonds and Dogs


Michael Kors Holdings Ltd. (KORS)

Michael Kors is not looking luxurious today, down 6.66% at $50.00. The fashion retailer saw its shares crash after worse than expected holiday spending. This year holiday spending was up only 0.7% from last year, far worse than being up 3-4% as expected by analysts'. Retail stores had weaker holiday sales than expected this year and shares of retailers are taking a hit. Michael Kors is feeling the pain from the retail slowdown today with investors looking to get out of the retail sector. The company is still well above its 52-week low of $25.50, but lost over $3.50 today.

Enzo Biochem Inc. (ENZ)

Enzo Biochem is climbing higher today, up 7.09% at $2.72. The biotechnology company saw its shares explode after positive news and better than expected earnings. Enzo was in the middle of a patent infringement case which just ended favorably for the company. The court awarded the Company $48.5 million and that could result in court awarded interest costs that could add multi-millions more. Furthermore, Enzo's operating income increased by $1.6 million, compared to a year ago loss. The positive income was led by revenue growth of 7%, nearly two times the industry average growth. Enzo is pushing up near its 52-week high of $3.12.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.