Why Tapestry Stock Jumped 33% in February
Shares of Tapestry (NYSE: TPR) gained 33.3% in value last month, according to data provided by S&P Global Market Intelligence.
The owner of top luxury brands, including Kate Spade and Coach, reported better-than-expected earnings results last month. Investors are looking ahead to a rosy future for the luxury-goods market, as near-term prospects for an improving economy is certainly good news for consumer discretionary companies.
Image source: Getty Images.
Source Fool.com
