The following video is from today’s MarketFoolery podcast, in which host Chris Hill, Alex Scherer, Charly Travers, and Joe Magyer discuss the latest business news. Shares of Fossil ended the day up more than 31% after second quarter profits came in higher than expected. It was enough to boost other luxury stocks, like Coach and Tiffany. In this segment, the guys analyze why investors shouldn’t get too impressed with these quarterly results, why Europe is less of a challenge for Fossil, and why the stock still has room to run.
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Chris Hill does not own shares of any of the companies mentioned. The Motley Fool owns shares of Fossil, Movado Group, Coach, and Tiffany. Motley Fool newsletter services have recommended buying shares of Coach and Fossil. Motley Fool newsletter services have recommended shorting Fossil and Tiffany. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.