Fossil: FOSL fuel from KORS and more - 2Q on tap - Topeka
Topeka reiterates their Buy rating on FOSL ahead of its 2Q report (Tuesday afternoon), especially given the YTD sell-off in the shares. Last week, Michael Kors (KORS-$78.75:Buy) once again cited strength in its watch and jewelry business, with watches continuing to be driven by trends such as colored dials, and leading KORS to expand the number of watch and jewelry shops. They continue to think smartwatch fears are overdone and that the category continues to thrive, especially on strength in brands.