Oliver Chen, Citi retailing analyst, explains what factors are going to take Tiffany shares higher. "The affluent consumer tended to do well in the S&P in 2013," he explains.» Read More
Tiffany reported a higher profit, helped by stronger-than-expected sales as business soared in China. It also raised its full-year forecast.
Nov 26- Tiffany& Co on Tuesday reported a higher quarterly profit, helped by stronger-than-expected sales as business soared in China, and the U.S. jeweler raised its full-year forecast. Tiffany reported net income of $94.6 million, or 73 cents per share, compared with $63.2 million, or 49 cents per share, a year earlier.
Phil Wahba, retail correspondent at Reuters, expects Chinese consumers to continue to be the main driver for Tiffany's as U.S. modest income earners have been pulling back.
The holiday-shortened week includes housing starts, with Wall Street looking to decide if recent signs of softening bode anything longer term.
The "Fast Money" traders share their final trades of the day.
NEW YORK, Nov 23- Frosted fairies swoop between snow-covered trees as they guide a young boy from his bed to a whimsical forest with reindeer, angels and holiday magic. It's the Macy's flagship store in New York City, where six display windows have been transformed into an animated story.
It’s nearly Thanksgiving, and ahead of the holiday Cramer plans to kick back and watch TiVo???!
As stocks sail into the holiday season at record highs, strategists are looking past any Santa rally to the volatility that could come next year.
For retailers, the outlook for this holiday season is shaping up as a mirror of the widening wealth gap of the American shopping public.
Talking Squawk showcases your favorite bands, the Obamacare mess and top stock pickers, while providing tidbits, insights and sarcastic reflections.
High-end retailers are doing well, but low-end stores are cautious and very promotional.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management, says even though interest rates are still low, it's safer to say cautious and selective in the stock market.
Many factors could affect whether shoppers open their wallets this holiday season. But one thing is clear: The pressure is on.
Jon Najarian, OptionMonster.com co-founder, discusses the bullish activity on Tiffany's. The FMHR traders weigh in on other strong retail plays.
Twitter opened for trading in 2013's most eagerly anticipated IPO and the most hyped stock flotation since Facebook went public.
BEIJING, Nov 1- China's newly minted rich can now get up close and personal to the movies after mega-screen maker IMAX Corp signed a deal to produce luxury home theatres in the company's second largest market.
Oct 30- Qatar's sovereign wealth fund, one of the world's most prolific investors, is building a $1 billion holding in Bank of America, seeking to benefit from the U.S. economic recovery, the Financial Times reported, citing sources close to the plans.
China shares have enjoyed a three-month-long rally and now it's time for investors to turn selective, analysts said.
Stocks closed out the session with a sharp bang Thursday, with major averages rallying more than 2 percent across the board, as lawmakers seemed to move closer to a deal to resolve the political stalemate in Washington.
Tiffany was upgraded by Sterne Agee to a "buy." Ike Boruchow, Sterne Agee senior research analyst, explains why this is a story of "margin inflection."