Tapestry TPR Shares Rise 3.48% on Earnings Beat and Digital Growth But $0.38 Billion Volume Ranks 291st in U.S. Markets

Tapestry Inc. , , ranking 291st among U.S. equities. The luxury fashion conglomerate, which owns Coach and Kate Spade, reported stronger-than-expected quarterly earnings earlier this week, driven by improved direct-to-consumer sales and inventory optimization. , offsetting macroeconomic headwinds in brick-and-mortar retail.

Market participants noted that the stock's performance aligned with broader sector rotation toward consumer discretionary plays, despite mixed sentiment around holiday shopping season demand. Short-term technical indicators showed a break above the 50-day moving average, attracting algorithmic trading activity. , though speculative positioning remained cautious due to elevated short interest levels.

To build an accurate back-test I need to pin down a few details about the “top 500 stocks by daily trading volume” strategy: 1. Market universe • Should we screen all U.S. listed stocks (NYSE + NASDAQ + AMEX), or a different market/universe? 2. Rebalancing & pricing convention • Do you want to rank stocks on yesterday’s volume, buy them at today’s open, then liquidate at tomorrow’s open (1-day holding period)? • Or rank on today’s volume, buy at today’s close, and sell at tomorrow’s close? 3. Portfolio construction • Equal-weight across the 500 names each day? • Any liquidity or price filters (e.g., exclude stocks under $1)? 4. Transaction costs • Should we include an estimate (e.g., 1 bp per side) or ignore for now? Once we lock these in I can generate the data-retrieval plan and run the back-test.