Why Tiffany, MakeMyTrip, and Yingli Green Energy Jumped Today

Stocks rebounded strongly on Wednesday, and several stocks posted exceptional gains thanks to positive news. Find out more about what made them soar.

May 21, 2014 at 8:05PM

The stock market bounced back on Wednesday with impressive gains after the Federal Reserve's latest minutes showed that the central bank doesn't intend to raise short-term rates in the immediate future. Investors had been somewhat nervous that the Fed might look at recent strength in economic data as a signal to tighten its monetary policy sooner rather than later, but even as long-term rates rise slightly, the end of quantitative easing won't necessary be followed immediately by higher Fed funds rates. Broad-market benchmarks picked up as much as 1% on the day, but Tiffany (NYSE:TIF), MakeMyTrip (NASDAQ:MMYT), and Yingli Green Energy (NYSE:YGE) were among the top performers in Wednesday's session.

Source: Tiffany's Pinterest.

Tiffany gained 9% as the luxury jeweler reported first-quarter results that were far better than less upscale retailers have managed to post in recent days. Same-store sales jumped 11%, helping to push overall revenue higher by 13%, and Tiffany both crushed investors' expectations for earnings growth and boosted its full-year earnings guidance for 2014 by a dime per share. Gross margin jumped by two full percentage points, as low prices for gold, platinum, and silver compared to year-ago levels played a role in boosting Tiffany's bottom line. The report confirms that higher-income consumers are still faring better than their less well-off counterparts, and Tiffany is doing a good job of taking advantage of that trend while it lasts.

MakeMyTrip soared 20% as the Indian travel specialist wowed investors with its growth in its fiscal fourth quarter. Revenue jumped more than 30% from the previous year, with sizable gains in both MakeMyTrip's air-ticketing business and its hotel and vacation-packaged segment. Moreover, MakeMyTrip boosted its revenue guidance for the current fiscal year, with sales that could come in as much as 10% above what investors had expected to see. The recent election of Narendra Modi as India's new prime minister has also raised hopes that the Indian economy could start to see growth accelerate, as Modi's pro-business reputation has sent Indian stocks generally soaring.


Source: Yingli Green Energy.

Yingli Green Energy jumped 10%. The Chinese solar company announced that it began trial production of a solar module that it hopes will prove technologically superior to competitors' products. The N-type Metal-Wrap-Through technology could boost solar-cell efficiency by reducing the amount of lost energy from underexposure of the solar cell's surface. But Yingli also saw gains due to strong results from one of its solar peers in China, and although that peer is arguably in a better position to capitalize on high-margin sales, Yingli still has the potential to profit if conditions in solar keep improving.

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A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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