27 August Watchlist ๐Ÿ‘€

Table of Contents

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Today we are watching…

1.ย  Tiffany and Co (#tifny)

ย Investors will be hoping for a precious treat in their little blue box of earnings today as a world-famous jeweler, Tiffany, reports its numbers. The companyโ€™s line of watches has gone down very well among fans of the brand this year, leading management to double down on wrist bling heading into the second quarter. Tiffanyโ€™s evenly spread international presence should diversify away the risks of a struggling currency here or there but could make brand enhancement tricky in varying cultures. Word on the Street is that Tiffany will bag investors $1.05 in profit per share this quarter, on $1.07 billion in revenues!

2. Coty (#cotyinc)

ย The only way is up for investors in Coty, the cosmetics giant. That is unless the firm suffers another earnings miss today and gets sucked even lower than the 80% losses that made it 2018โ€™s worst-performing stock. Sometimes big bets donโ€™t pay off. That may have happened to Coty, spending big on over forty Procter & Gamble brands which quickly took a hit as consumer behavior changed. Beauty queens began treating their makeup as a higher-end product, rather than merely a convenience good. So, the turnaround plan? Get costs down and fix its inefficient supply chain. Analysts are expecting $0.16 of profit per share on $2.13 billion in revenues.

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