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Actionable news in KORS: MICHAEL KORS HOLDINGS LIMITED,

Michael Kors (KORS) Stock Is Wednesday's 'Chart of the Day'

NEW YORK (TheStreet) -- Shares of Michael Kors (KORS) were down in early-afternoon trading.

Michael Kors stock and Coach (COH) stock are falling after competitor Kate Spade (KATE) reported weaker than expected guidance for the current year and issued downbeat comments earlier today, TheFly reports.

Despite the cautious outlook, Jefferies recommended buying Michael Kors and Coach shares ahead of their upcoming quarterly results next week.

The Street's Chris Versace and Bob...


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