Orlando, FL -- (SBWIRE) -- 09/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On US Airways Group, Inc.(NYSE:LCC), Michael Kors Holdings Ltd(NYSE:KORS).
US Airways Group, Inc.(NYSE:LCC) shares jumped 1.25% to $16.16. American Airlines (AAMRQ) and US Airways Group Inc. (LCC), on August 30, fought the Justice Department over when the government’s antitrust lawsuit to block the airlines’ proposed merger should go to trial.
The Justice Department is seeking a March trial, while the airlines are pressing for November to resolve the case that is keeping American parent AMR Corp. stuck in bankruptcy. U.S. District Judge Colleen Kollar-Kotelly in Washington is hearing arguments from both sides.
Additionally, US Airways Group Inc and American Airlines vowed on August 14 to fight the federal government's anti-trust lawsuit in court by arguing their proposed $11 billion merger would promote competition. The U.S. Department of Justice, six state attorneys general and the District of Columbia challenged the proposed merger on Tuesday saying the creation of the world's largest airline that would result would stifle competition, drive up airfares and reduce services.
Are investors worried about the recent updates with LCC? Find out with a free trend analysis HERE
Michael Kors Holdings Ltd(NYSE:KORS) shares increased 1.29% to $74.09. On Aug 9, 2013, Zacks Investment Research upgraded Michael Kors Holdings Limited (KORS) to a Zacks Rank 1 (Strong Buy). Shares of this specialty retailer of apparel and accessories have amassed an impressive year-to-date return of roughly 40%.
Addiitonally, the company on August 6 announced its financial results for its fiscal 2014 first quarter ended June 29, 2013. Total revenue increased 54.5% to $640.9 million from $414.9 million in the first quarter of fiscal 2013. Net income was $125.0 million, or $0.61 per diluted share, based on 204.3 million weighted average diluted shares outstanding. Net income for the first quarter of fiscal 2013 was $68.6 million, or $0.34 per diluted share, based on 199.4 million weighted average diluted shares outstanding.
Is KORS going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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