The following video is part of our "Talking Stocks" series, in which Motley Fool analyst Austin Smith discusses trends across the investing universe.
In today's edition, Austin discusses today's huge plunge for shares of Fossil (Nasdaq: FOSL ) . The company was down close to 40% on weaker expectations for sales in Europe. Surely today's crash was kicked into high gear by renewed fears about Greece, but is a 40% plunge really justified? Even though Fossil gets about one-third of its sales from Europe, today's drop seems aggressive.
Even more interesting is that Michael Kors dipped right along with Fossil, as the fashion retailer uses Fossil innards for its watches and sees Europe as a key growth area in the future.
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