Core Insights - The article discusses the busy schedule of corporate events, including Analyst Days and Shareholder Meetings, which can provide valuable insights into companies' short-term trends and strategic plans [1][2][3] Company Events - Uber Technologies participated in a Fireside Chat with Goldman Sachs analysts, while Visa, Apple, and Nike are hosting significant events this week [2] - CrowdStrike's Analyst Day is scheduled for September 17, following a stock price decline of over 20% from its peak of $518 in early July, despite strong revenue and earnings performance [6][9] - Wynn Resorts will hold its Analyst Day on September 19, with shares nearly doubling since April, although recent reports indicate challenges in the Las Vegas tourism sector [7][9] - Alibaba's Shareholder Meeting is set for September 25, with the company recently announcing the development of new AI chips, positioning itself competitively in the tech sector [10] - FedEx's Shareholder Meeting is on September 29, with expectations for clarity on its Freight division spinoff amid a 20% stock price decline over the past year [11] Economic Context - The article highlights the upcoming macroeconomic data releases, including retail sales and Federal Reserve policy decisions, which could impact market sentiment and company performance [4][5][12] - The Cboe Volatility Index (VIX) is currently around 15, indicating modest expected volatility in the S&P 500, suggesting a stable market environment for the time being [12]

Core Viewpoint - Nike's turnaround efforts are gaining traction, leading to an upgraded outlook from Hold to Buy by TD Cowen analyst John Kernan [2] Group 1: Company Performance - Improved marketplace and inventory management are contributing to Nike's positive performance [2] - The brand's dominance in key sports categories, particularly running and basketball, is a significant factor in its success [2]

Group 1 - Lululemon Athletica is currently facing negative momentum and has experienced a significant compression in its valuation [1] - The company is identified as an apparel company with potential growth opportunities despite its current challenges [1] Group 2 - The analysis emphasizes a fundamental approach to identifying undervalued stocks, which aligns with the characteristics of Lululemon Athletica [1]

Recently, there has been a lot of talk about Lululemon Athletica (NASDAQ: LULU ). It is an apparel company that is experiencing bad momentum and has had its valuation greatly compressed. That rings a bell forEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential. Feel free to reach out for collaborations or to connect!Analyst’s Di ...

Group 1 - NVIDIA shares are among the best performers in the Dow Jones Industrial Average, trading up 4.3% on the day and showing a year-to-date gain of 32.6% [1] - Amazon.com is the worst performing Dow component for the day, trading down 2.0%, but has a year-to-date gain of 6.4% [1] - Other notable movements include Apple trading down 1.9% and Nike trading up 1.1% on the day [1]

Upgrades - BofA upgraded Rocket Companies (RKT) to Buy from Neutral with a price target of $24, up from $21, citing updated Federal Reserve rate cut forecast [2] - Morgan Stanley upgraded nCino (NCNO) to Overweight from Equal Weight with a price target of $36, up from $35, believing the cut in estimates provides an opportunity [2] - Susquehanna upgraded Saia (SAIA) to Positive from Neutral with a price target of $360, up from $340, expecting Q2 earnings to "snap-back" after a challenged fiscal Q1 report [3] - TD Cowen upgraded Nike (NKE) to Buy from Hold with a price target of $85, up from $62, citing improved margins, new management execution, and positive trends [3] - Citi upgraded Oracle (ORCL) to Buy from Neutral with a price target of $410, up from $240, after a "historic Q1 bookings quarter" with over $330 billion in bookings [4] - BofA also upgraded Oracle to Buy from Neutral with a price target of $368, up from $295, following exceptional RPO and backlog growth in Q1 [4] Downgrades - BofA double downgraded Synopsys (SNPS) to Underperform from Buy with a price target of $525, down from $625, due to uncertainty with top customer Intel and higher integration costs [5] - Morgan Stanley downgraded Trade Desk (TTD) to Equal Weight from Overweight with a price target of $50, down from $80, acknowledging a misjudgment on growth durability [5] - BofA downgraded BorgWarner (BWA) to Neutral from Buy with a price target of $46, up from $41, as shares approach historical valuation median range [5] - BofA downgraded Lear (LEA) to Neutral from Buy with a price target of $123, down from $135, citing challenges in the automotive industry affecting growth [5] - Evercore ISI downgraded HP Inc. (HPQ) to In Line from Outperform with an unchanged price target of $29, needing clearer paths to EPS and free cash flow estimates for further upside [5]

Tapestry's 2025 Investor Day Summary Company Overview - **Company**: Tapestry Inc. - **Brands**: Coach and Kate Spade - **Revenue**: $7 billion across 60 countries with nearly 1,300 directly operated stores worldwide [4][10] Core Points and Arguments Business Momentum and Growth Strategy - **CEO's Statement**: Tapestry is positioned for sustained growth, focusing on amplifying its growth agenda [2][10] - **Consumer-Centric Approach**: The company has shifted to a consumer-obsessed model, emphasizing emotional connections and brand building [6][7] - **Financial Performance**: Over the last three years, Tapestry has recruited over 20 million new customers in North America, achieving a 10% top-line growth and nearly 50% growth in earnings per share [9][10] Brand Positioning - **Coach's Ambition**: Coach aims to reach $10 billion in annual revenue with world-class margins, focusing on emotional connections with consumers [48][49] - **Kate Spade's Growth**: Efforts are underway to reignite growth at Kate Spade, leveraging its iconic status [3][12] Market Opportunities - **Target Demographics**: Focus on the 18-27 age group as a key market entry point, with 25 million women entering this demographic annually [24][26] - **Market Penetration**: Tapestry currently holds a 7% share in a $100 billion market for handbags, small leather goods, and footwear, with significant growth potential [22][41] International Expansion - **Geographic Focus**: Growth strategies will prioritize North America, Greater China, and Europe, with plans for 125 new store openings globally [40][41] - **China's Potential**: The company sees substantial opportunities in China, particularly in cities with large university populations like Wuhan [50][40] Additional Important Insights Consumer Engagement - **Data-Driven Decisions**: Tapestry emphasizes the importance of data and consumer insights in shaping its marketing and product strategies [8][30] - **Emotional Storytelling**: The company aims to create compelling narratives around its products to foster brand loyalty [56][58] Marketing Investments - **Increased Marketing Spend**: Marketing investment has risen from 4% to 11% of revenue over the past few years, totaling $1.8 billion [35][36] - **Brand University**: Tapestry is establishing a brand university to ensure all employees understand brand growth capabilities [36][41] Future Outlook - **Financial Projections**: Tapestry expects mid-single-digit revenue growth, operating margin expansion to over 22%, and low double-digit growth in earnings per share annually for fiscal years 2026-2028 [18][19] - **Shareholder Returns**: Plans to return $4 billion to shareholders over the next three years, reflecting confidence in the company's intrinsic value [18][19] Conclusion - **Long-Term Vision**: Tapestry is committed to building a consumer-centric, emotionally connected brand portfolio that drives sustainable growth and shareholder value [19][41]

Investor Day 2025 This presentation contains certain "forward-looking statements" based on management's current expectations. Forward-looking statements include, but are not limited to, the statements under "Financial Outlook," statements regarding long-term performance, statements regarding long-term brand growth ambitions beyond fiscal year 2028, statements regarding the Company's capital deployment plans, including anticipated annual dividend rates and share repurchase plans, and statements that can be i ...

Core Insights - Tapestry, Inc. is implementing a three-year "Amplify" strategy aimed at profitable growth and strong shareholder returns, focusing on emotional connections with consumers, fashion innovation, global experiences, and a consumer-focused culture [1][2] Company Strategy - The strategy is particularly focused on attracting Millennials and Gen Z, who are increasingly choosing Coach, with projections indicating that by 2030, these demographics will represent over 70% of the luxury market [2][3] - Tapestry aims to capture the initial luxury purchases of these younger consumers, emphasizing the long-term value of acquiring customers at this entry point [3] Financial Performance - In the quarter ending June 28, Tapestry reported a non-cash impairment charge of $855 million related to Kate Spade, alongside a 13% revenue decline for the brand [3] - Despite these challenges, Tapestry is confident in its strategy to drive future growth for both Coach and Kate Spade [3] Growth Projections - Tapestry projects mid-single-digit annual revenue growth (CAGR) for Coach and aims to expand its operating margin to the mid-30% range over the next three years, with a long-term goal of reaching $10 billion in annual revenue [4] - Kate Spade is expected to return to profitable top-line growth by Fiscal 2027, targeting mid-single-digit revenue growth and high single-digit operating margin by Fiscal 2028 [4] Marketing and Investment - Tapestry has significantly increased its marketing investment from 3.5% to over 11% of revenue over the past three years, with plans to further increase it by 200 basis points [5] - The company emphasizes the importance of scale and marketing investment in a competitive landscape with low barriers to entry but significant barriers to scale [5] Shareholder Returns - Tapestry plans to return $4 billion to shareholders by fiscal 2028, representing 100% of adjusted free cash flow from FY26 to FY28, even after capital expenditures [6] - The company is focused on a sustainable mid-single-digit growth rate, with capital allocation priorities including growing dividends and a recently authorized $3 billion share repurchase [7]

Tapestry (NYSE:TPR) unveiled its new Amplify growth strategy on Wednesday ahead of the global luxury lifestyle company's management presentations at its Investor Day event. The apparel giant said it plans to position itself for consistent, profitable growth over the next three ...