Luxury stocks could trade with some apprehension after Tiffany (TIF) misses the profit estimates...

|About: Tiffany & Co. (TIF)|By:, SA News Editor

Luxury stocks could trade with some apprehension after Tiffany (TIF) misses the profit estimates of analysts by a wide margin and guided its expectations for FY12 lower. Though higher precious metal costs are particular to the company, the sluggish demand in U.S. and Europe for high-end products could be systemic to the sector. On watch: Fossil (FOSL), Coach (COH), Ralph Lauren (RL), Movado (MOV).