Coach's Brain Drain
Jul 30th 2013 7:00PM
Updated Jul 30th 2013 7:02PM
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.
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.