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.
Chris Hill, Jeff Fischer, and Joe Magyer have no positions in the stocks mentioned above. The Motley Fool owns shares of Coach and Tiffany. Motley Fool newsletter services recommend Coach and Fossil. Try any of our Foolish newsletter services free for 30 days. 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.