Midday Market Minute: Michael Kors Shares Jump to Lifetime High

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Shares of Michael Kors (KORS), Fossil (FOSL), and Avon Products (AVP) all opened sharply higher on Tuesday after posting encouraging quarterly results.

Giving a nod to high-end handbags, designer watches, and brand-name cosmetics, respectively, the strong reports show that consumers are starting to warm up to the expendable luxury goods that were hard to justify purchasing when the economy was sputtering.

The recovery hasn’t been without its hiccups, but it’s clear that shoppers are no…

Midday Market Minute: Michael Kors Shares Jump to Lifetime High originally appeared on DailyFinance.com on 2013-02-12T11:50:00Z.

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