126.60 +0.55 (0.44%)
After hours: 6:54PM EDT
|Bid||126.20 x 1000|
|Ask||126.65 x 1000|
|Day's Range||116.00 - 126.64|
|52 Week Range||84.15 - 126.64|
|PE Ratio (TTM)||42.58|
|Forward Dividend & Yield||2.00 (1.94%)|
|1y Target Est||N/A|
Tiffany & Co., Target and Tesla are the Yahoo Finance charts of the day.
"Mad Money" host Jim Cramer unpacks the monster 23 percent run in shares of Tiffany after the jewelry maker's first-quarter earnings report. Cramer applauds the turnaround at the once-struggling company and ties it to the new CEO, Alessandro Bogliolo. On a wild day for the stock market, with stocks erasing their losses ahead of the closing bell, CNBC's Jim Cramer wanted to address what caused the craziness in the first place.
Williams-Sonoma crushed first-quarter estimates after the close, following strong results earlier from other upscale consumer stocks.
Tiffany crushed first-quarter earnings views, raised its full-year guidance and approved a $1 billion buyback, with shares easily reclaiming a buy point early Wednesday.
The maker of elevators, jet engines and other products plans to hire 35,000 people and invest more than $15 billion in the U.S. over the next five years. The home improvement retailer raised its annual sales forecast. The burger chain's quarterly profit and sales fell far short of Wall Street estimates.
In the U.S., it saw net sales rise 9% to $425 million. While the U.S. is still Tiffany's strongest market, Asia is quickly gaining. The $329 million that the company earned from the Asia-Pacific came largely from the greater China market.
Stock reversed earlier losses on Wednesday and finished slightly higher after the Federal Open Market Committee released minutes from its May meeting. Stocks fell earlier in the day after comments from President Donald Trump that cast doubt on a planned nuclear summit with North Korea and ongoing trade talks with China. Trump told reporters in Washington there was a "substantial chance" his June 12 meeting in Singapore with North Korea's Kim Jong Un may not take place, given the change in tone the regime has displayed since criticizing a joint U.S.-South Korea military exercise last week.
Tiffany & Co.’s little blue box is fashionable again thanks to innovative design and fresh new collections that analysts say have helped the jewelry purveyor drive better-than-expected earnings results. Tiffany (TIF) shares are up 22.7% in Wednesday trading reaching an all-time high after the company reported earnings per share of $1.14, exceeding the 83-cents FactSet consensus. Tiffany also announced a new share buyback program of up to $1 billion.
Shares surged 20 percent and were on track for their best day in more than 17 years as the upscale jeweller posted its strongest rise in same-store sales in four years, driven by China-led growth in Asia and strong sales in its domestic market. Tiffany has revamped its product lines and added cheaper items as part of a turnaround led by new Chief Executive Officer Alessandro Bogliolo to compete with popular jewellers including Denmark's Pandora A/S (PNDORA.CO) and Blue Nile. "New product offerings resonated with consumers, and with its Paper Flowers collection of platinum and diamond jewellery rolling out, Tiffany should continue to fare well," said Ken Perkins, founder of research firm Retail Metrics.
Tiffany & Co, United Airlines, Wynn, McDonald’s and Apple are the companies to watch.
Jim Cramer unpacks the monster 23 percent run in shares of Tiffany after the jewelry maker's first-quarter earnings report.
Charlie Bobrinskoy, Ariel Investments; Michael Yoshikami, Destination Wealth management; and CNBC's Mike Santoli, discuss winners and losers in today's trading.