With the trading day about halfway over, the broad markets were trading sideways. Only yesterday did the S&P 500, Dow Jones industrial average and Nasdaq each post a new high.
The pandemic has had a silver lining for Tapestry, an analyst says. It highlighted the Kate Spade owner's strong digital sales and acquisition of new customers.
Tapestry (TPR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

5 Stocks That Powers S&P 500 ETF Last Week

12:08pm, Monday, 08'th Feb 2021
The S&P 500 wrapped up its best week since Nov 6, climbing 4.6% on renewed optimism in the markets.
The retail sector has been trying to get back on its feet since the economy recovered, which has been helping companies like Target Corporation (TGT), Tapestry (TPR) and DICKS Sporting Goods, Inc. (DK
"We were able to harness that. The bag sold out.
Tapestry CEO Joanne Crevoiserat says her business is meeting the consumer where they are. The company reported its latest earnings results which beat on both the top and bottom line.
Tapestry, Inc. (TPR) CEO Joanne Crevoiserat on Q2 2021 Results - Earnings Call Transcript
Tapestry's (TPR) second-quarter results beat expectations. The company continues with its sturdy e-commerce performance and witness significant growth in China.
Tapestry posted better-than-expected earnings and sales. The owner of Kate Spade and Coach brands highlighted its e-commerce sales growth.
Tapestry (TPR) delivered earnings and revenue surprises of 15.00% and 3.52%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Tapestry Inc. stock rose 1.7% in Thursday premarket trading after the luxury fashion and accessories company reported fiscal second-quarter earnings and sales that beat expectations. Net income totale
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today reported results for the fiscal second quarter ended Dece
Tapestry is scheduled to report its fiscal second-quarter results on Thursday, February 4. We expect Tapestry to likely beat the revenue and earnings expectations, driven by improved demand in digital
Tapestry's (TPR) focus on enhancing omni-channel and e-commerce capabilities and optimizing cost structure are likely to get reflected in second-quarter results.
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