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7 Hot Stocks to Trade (or Not)

Stock quotes in this article: PFE, COH, DNDN, FB, STX, MAS, MU 

Coach

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Nearest Resistance: $55

Nearest Support: $47.50

Catalyst: Earnings, 2013 CapEx Plans

Coach (COH) is another name that beat earnings this morning, but Wall Street is reacting a bit differently. Coach announced solid numbers -- beating earnings estimates by a penny -- but also dropped the bomb that 2013 would be a year filled with capital expenditures as the firm invests heavily in its Asian distributors. That sent Coach down more than 16% as I write.

>>5 Volatile Stocks to Buy More Of

The fact remains that Coach has been a top flier for the last few years, surprising analysts with its ability to earn a profit in spite of the worst economic conditions in recent memory. While today's selling isn't ideal, support at $47.50 is near enough that shares should be able to catch a bid nearby. Investors looking for a cheaper entry would do well to snatch up shares.

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DOW 15,318.23 138.38 0.91%
NASDAQ 3,482.18 30.05 0.87%
S&P 500 1,651.81 12.77 0.78%
US 10 Yr 2.182% +0.011

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