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Why Tapestry Stock Jumped 33% in February

TheMotleyFool

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Why Tapestry Stock Jumped 33% in FebruaryPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

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

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