Kate Spade (KATE)
Click to Enlarge Earnings Report: Thursday, May 8, before the bell
High-end retail fashion brand Kate Spade (KATE) — the remaining company following the rebranding and slimming down of Fifth and Pacific — has been a darling of Wall Street for some time, with a meteoric share price performance of 640% over the past five years. Over the past 52 weeks, KATE stock has spiked almost 70%. Yet so far in 2014, KATE shares also have been extremely volatile. The stock sank some 14% in January, only to rebound some 45% through the March 18 high.
KATE stock has come down sharply from its 2014 high, and shares are now trading just below the 50-day moving average. I suspect that if the company can impress Wall Street on the top line when it reports fiscal Q1 results (I would be impressed here with a metric north of $202 million), we could see another big move toward those March highs.
Of course, a miss on the top line might be just the catalyst for a selloff back down to the February low.