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Coach (NYSE: COH ) came out this morning and revealed that it had a "challenging" holiday quarter. Despite undeniable weakness in today's numbers, the knee-jerk reaction from the market feels a bit excessive. Coach's headaches seem much more the product of a weak retail environment than evidence of any sort of company deficiency.
Yet there is no denying that it's a tough time to be a luxury retailer. Coach may not deserve this sell-off, but that may not make it a buy today. If you're looking for something a bit safer in today's environment, you might want to check out the stock that The Motley Fool's chief investment officer has selected as his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.