Fossil Shares Jumped: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of fashion-focused watchmaker Fossil (NAS: FOSL) were ticking higher today, gaining as much as 10% in intraday trading after some positive analyst comments.
So what: According to Bloomberg, Brean Murray analyst Eric Beder released some positive notes about Fossil following the company's presentation at the ICR XChange -- an investing conference for investment bankers and institutional investors -- in Miami. In particular, Beder highlighted the company's claim that sales are holding up in Europe and Germany in particular.
Now what: It's certainly a positive sign if Fossil's Europe markets are doing well -- particularly given the economic challenges of that region. Of course investors watching the stock today would be well-advised to do their own homework and come to their own conclusions rather than simply reacting to the notes of a single analyst. Presentation webcasts for the ICR XChange conference are available on the conference's website. At the time of this writing, Fossil's presentation was not available, but I assume it will be added at some point.
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