SaxoTV

Garnry: Why Tiffany continues to sparkle

578 views
November 25, 2014 asia, asia growth, asiamarkets, asian, asian markets, asianmarket, burberry, burberry asia strategy, burberry bags, burberry group, burberry leather, burberry revenue, burberry share, burberry share price, burberry shares, china, china economy, china gdp, china growth, china in 2014, china manufacturing, china slowdown, equities, equities trading, equity, equity index, equity market, equity market 2014, equity markets, equity portfolio, equity portfolios, equity strategy, equity trading, gold, gold demand, gold price, gold trade, japan, japan economy, japanese economy, luxury, luxury asia, luxury drop, luxury equities, luxury goods, luxury industry, luxury market china, luxury sector, luxury shares, luxury tax, lvmh, prada, q3, q3 earnings, q3 results, saxo bank, saxo tv, silver, silver and gold, silver price, tiffany & co, tiffany 2014, tiffanys, tiffanys 2013 returns, tradingfloor.com, yen, yen dollar
While the luxury goods sector has had a volatile few months, Tiffany has enjoyed a golden year. The company, best known for its jewellery, publishes its 3rd quarter results this Tuesday. Saxo's Peter Garnry expects them to beat estimates - which it's done in five out of the last six quarters.

Garnry says Tiffany has been one of the best performing stocks in the luxury goods sector. That's against a backdrop of a 10% fall in the share price across the industry. He says jewellery is still in demand because many of the products are still affordable.

Although slower growth in Asia and sanctions in Russia have negatively impacted the sector, Garnry believes it is still worth investing in. As economies in emerging markets improve, so too will the luxury goods market. He also says that many of them have a high return on investor capital.