Traders Daily – One of the Most Ridiculous Sell Offs


After a big gap down from $42 to $29.35, Skechers (SKX) is oversold, having caught support.  The only reason the stock fell was because the Street felt that earnings were poor, but they really were not.  Sales were up 16.5%.  Same-store sales were up 9.5%.  International wholesale sales were up nearly 18%.  Domestic wholesale sales were up 8.5%.  Gross margins were up 230 points.  EPS was up 25.2%.  Those are great numbers.

Granted, revenue guidance is between $1.12 and $1.145, representi...

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