Jewelry is expected to see renewed interest over the next few weeks, with more consumers planning to purchase it—and hoping to receive it.» Read More
A list of holiday gift ideas for the woman in your life.
Welcome to holiday 2014, which is shaping up to be a season that separates the strong from the weak.
The retail sector was up 2.5 percent for October, but several apparel retailers were down. That means there may be bargains to be had.
One World Trade Center, the tallest skyscraper in North America, opens 13 years after 9/11. The New York Times reports.
It's been a whipsaw day on Wall Street with traders trying to buy market bottoms.
Companies making headlines before the bell Thursday:
The 2nd U.S. Circuit Court of Appeals in New York directed two lower court judges on Wednesday to reexamine whether they had the authority to force compliance with court orders freezing accounts in China in light of a U.S. Supreme Court decision limiting federal court jurisdiction over foreign corporations.
Some of Wednesday's midday movers:
Brian Nelson, President of Equity Research at Valuentum Securities, says brand recognition is underpinning the growth in sales for iconic U.S. luxury brands like Tiffany.
Dorothy Lakner, Managing Director & Analyst at Topeka Capital Markets, attributes the jump in Tiffany's earnings to product innovation and strength in the U.S. jewelry sector.
NEW YORK, Aug 27- U.S. stocks were little changed on Wednesday, with the S&P 500 creeping up to another record closing high in a lethargic session, though a number of retail stocks traded heavily after reporting results.
Stocks were little moved Wednesday as Wall Street caught its breath, a day after the S&P 500's first close above 2,000.
NEW YORK, Aug 27- U.S. stocks were little changed on Wednesday, holding near record highs on a day of light volume, though a number of retail stocks traded heavily after reporting results. Both Tiffany& Co and apparel retailer Express Inc rose after posting quarterly revenue that topped expectations and raising their full-year profit views.
Both Tiffany& Co and Express Inc rose after posting second-quarter revenue that topped expectations and raising their full-year profit views. On the downside, Chico's FAS Inc fell 3.2 percent to $15.51 after its results. Best Buy Co Inc was the S&P 500' s biggest percentage gainer, up 5 percent at $31.28, rebounding from a drop of 6.8 percent on Tuesday.
Tiffany reports color diamonds, yellow gold jewelry and the Atlas Collection are popular among consumers. FMHR trader Josh Brown says if you don't own this stock, "pray for dips to own it," while Mike Murphy is more cautious.
*Americas, Asia-Pacific sales growth buoys results. Aug 27- Upscale jeweler Tiffany& Co raised its full-year profit forecast for a second time following a better-than-expected rise in quarterly profit, driven by strong sales and higher prices for its high-end jewelry in the Americas, its biggest market.
Tiffany delivered earnings that surpassed analysts' expectations on Wednesday, and the retailer raised its full-year outlook.
Discussing the Tiffany brand and the state of retail, with Oliver Chen, Citigroup retail analyst, and James Fallon, Women's Wear Daily editor.
*S&P 500 coming off first close above 2,000. NEW YORK, Aug 27- U.S. stocks were flat on Wednesday as investors found few reasons to extend a rally that has taken indexes to repeated records, even though market valuations were not seen as unduly stretched.
Paul Swinand, Morningstar retail analyst, and Edward Yruma, KeyBanc Capital Markets, weigh in on Tiffany's earnings in U.S. and Europe, and the management transition.