The following video is from Thursday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jeff Fischer and Joe Magyer, discuss the top business and investing stories.
Tiffany's (NYSE: TIF ) shares are down 7% after investors heard that profit fell 30% this quarter. Is this just a rough quarter for this beloved luxury brand, or is it part of a wider trend? The guys take a look at how higher materials costs, soft demand (particularly in China), and a stark comparison with the company's growth this time last year has affected shares, but why it may not be time to consider shorting this or other luxury stocks just yet.
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