The Rich Are Still Spending; Coach Smashes Earnings; The Met Ball Was Decadent As Ever

Raul3 Tue May 2, 2017 2:52pm EST 1 Comment

How eloquent of Coach to report earnings the morning after #MetBall2017 and best Wall Street expectations, on a Tuesday!? Shares of $COH are up more than 10% and trading at a new 52-week high after a first quarter rife with discretionary spending by our beloved upper class.

Coach Q3 EPS $0.46 vs $0.44 Est, Sales $995M vs $1.02B Est

Consider these earnings a small addenda to the belief that the United States is entering a period of economic prosperity not seen since the early ’20s.

Writer’s note: My homies and I are long $COH as part of the Exodus Q1 Top-Down Analysis (Annual) portfolio. However, this is somewhat irrelevant due to the remaining holding period (11 more months before next adjustment).

Enough of the boring Wall Street guff, here are some scenes from Monday evening’s gala, enjoy.

Emma Roberts, goodness:

Bella Hadid in a stunning Alexander Wang dress, politely posing with Kendall Jenner, Wiz Khalifa, and ASAP Rocky:

Australian model and Orange Is The New Black acrtress Ruby Rose stole the spotlight with her ruffled frock, designed by Burberry. Note the matching man-human arm piece, brilliant composition:

Rihanna flew up from Barbados with a complicated dress that certainly made eating dinner tricky:

And finally, the couple of the night (so adorbs) was Selina Gomez and TheWeeknd (thas his name). Selina rocked a custom-made Coach dress. Very nice, very clean:

As you can see, the event was a success for high-end brands, especially Coach, who managed to ultimately win Met Gala’s unofficial fashion show by picking the hottest couple of the night.

All very gay, all very bullish. Maybe you buy Coach shares today, yes? Get good price before it is gone.

Or not. Either way, Coach put some nice numbers on the scoreboard Tuesday that will go a long way toward this company reasserting their earnings growth trajectory.