Coach's Brain Drain
The following video is from Tuesday's Investor Beat, in which host Chris Hill and Motley Fool analysts Jason Moser and Isaac Pino dissect the hardest-hitting investing stories of the day.
Fourth-quarter revenue for luxury brand Coach came in much lower than expected, and shares got hit. To make matters worse, Coach announced that both the company's chief operating officer and the president of the North American group are leaving. In our lead story on Investor Beat, Jason and Isaac examine how bad the damage is, how Coach is managing its store footprint, and why now may be a good time to buy.
Our analysts also look at four stocks that made big moves on Tuesday's market. U.S. Steel reports a loss in the second quarter. National Oilwell Varco's profits fall 12%. PotashCorp gets hammered after a Russian component of one of the world's largest cartels pulls out of the cartel. And Barnes & Noble has to restate some financial statements.
Finally, Jason and Isaac take a look at two stocks that they'll be watching very closely when they report earnings tomorrow.
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The article Coach's Brain Drain originally appeared on Fool.com.Chris Hill has no position in any stocks mentioned. Isaac Pino, CPA, owns shares of SodaStream. Jason Moser owns shares of Coach. The Motley Fool recommends and owns shares of Coach, MasterCard, National Oilwell Varco, and SodaStream. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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