The following video is part of our "Talking Stocks" series, in which Motley Fool analyst Austin Smith discusses trends across the investing universe.
In today's edition, Austin discusses today's huge plunge for shares of Fossil (NAS: FOSL) . The company was down close to 40% on weaker expectations for sales in Europe. Surely today's crash was kicked into high gear by renewed fears about Greece, but is a 40% plunge really justified? Even though Fossil gets about one-third of its sales from Europe, today's drop seems aggressive.
Even more interesting is that Michael Kors dipped right along with Fossil, as the fashion retailer uses Fossil innards for its watches and sees Europe as a key growth area in the future.
If these European jitters have you scared, don't worry -- there are still incredible opportunities for investors. You can read about 3 American Companies Set to Dominate the World in our new analyst report. These companies have globally diversified operations and so aren't as hard hit by European softness, and they also have great exposure to high-growth Asia. Click here to learn more.
At the time this article was published Austin Smith owns no shares of the companies mentioned here. The Motley Fool owns shares of Fossil. Motley Fool newsletter services have recommended buying shares of Coach and Fossil and also shorting Fossil. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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