Stock Market Today: Tiffany's Holiday and Infosys' Strong Quarter

Why Tiffany, Infosys, and Abercrombie & Fitch stocks are on the move today.

Jan 10, 2014 at 9:00AM

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Expect a strong start to the stock market today, as the Dow Jones Industrial Average (DJINDICES:^DJI) gained 60 points in premarket trading. Investors got a mixed picture on the health of the jobs market this morning, as the Bureau of Labor Statistics announced that the unemployment rate dove to 6.7% last month, but only 74,000 jobs were created. Economists had expected the unemployment rate to hold steady at 7%, with closer to 200,000 jobs added to the economy. Here's an updated look at the trend in those figures over the last few months. 





Unemployment rate




Jobs added




Meanwhile, news is breaking this morning on a few stocks that could see heavy trading in today's session, including Tiffany (NYSE:TIF), Infosys (NYSE:INFY), and Abercrombie & Fitch (NYSE:ANF).

Tiffany this morning announced solid results for the holiday season. Revenue grew by 8% overall, as each of Tiffany's global markets improved. Comparable-store sales rose by a strong 7% in the critical Americas region, and the retailer even managed 3% growth in Europe. Tiffany was also able to boost sales of its statement and fine jewelry, which should help push profit margin higher for the quarter. Looking ahead, Tiffany affirmed its profit outlook for the rest of the fiscal year, saying it expects adjusted earnings to come in at $3.70 a share. The stock is unchanged in premarket trading.

Infosys today reported results for its fiscal fourth quarter. The tech services provider booked sales of $2.1 billion, in line with the Street's expectations. Profit came in at $0.81 a share, higher than the $0.75 that analysts were targeting. Infosys is seeing signs of a rebound in the information technolgy services industry as more of its clients are choosing to invest in new projects. That extra spending should help sales grow by as much as 12% this year, the company said. Infosys' stock is up 3% in premarket trading.

Finally, things aren't as dire as many investors feared at Abercrombie & Fitch. The clothing retailer's shares are spiking after it boosted its outlook for the holiday quarter last night. Down by just 6% through the holiday season, sales are tracking ahead of management's expectations. Abercrombie's results are getting a lift by strength in its online orders, which are up 25% through the first nine weeks of the quarter. Thanks to the better-than-expected numbers so far, the retailer raised its full-year earnings outlook by 10%, to $1.60 a share. Abercrombie's stock is up 15% in premarket trading.

Start 2014 off right
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Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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